Owner-Storage Warehouse
1070 Elizabeth Street Unit 34 Nicholasville, KY 40356
1070 Elizabeth Street Unit 34, Nicholasville, KY, 40356
$229,000
For Sale
$229,000
Secured self-storage unit with a built-in mezzanine, electric door, and multiple utility connections.
Property Size1,656 SF
Price / SF$138.29
Days on Market276
Property Features for 1070 Elizabeth Street Unit 34
General Information
- Standard status
- Active
- Size
- 1,656 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2009
Listing agency
Bluegrass Sotheby's International Realty
(859) 363-6175
Listed by
Dan Elkinson
(859) 363-6175
Source
Xome
Added: Oct 21, 2025 Updated: Jul 22 at 10:02PM Checked: Jul 23 at 3:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bluegrass Sotheby's International Realty
Investment Insights
Based on property information with market context.
This owner-storage warehouse unit is located within a larger complex of individually owned storage units. The unit includes a 24' x 24' mezzanine built inside the space and offers a total of 24' x 50' plus the mezzanine area for additional usable storage. Access is provided by a 14' x 14' electric door and a separate man door. Inside, the unit includes peg board workshop shelves and racking, and it has a ceiling height ranging from 16' minimum inside eave to 18' (single slope).
The entire property and common areas are secured with individually coded door/gate access. There is a common area lounge, restrooms with showers, and a kitchenette available for the owner’s use.
The unit is designed to operate economically with over-insulated walls, insulated concrete, and translucent wall panels intended to help manage electricity costs. Utility infrastructure includes sewer cleanouts under the slab and water connections now in place, along with a 200-amp electric panel. The floors are slightly sloped forward for positive drainage to the outside, and there is outside access provided for an RV cleanout plus outside water spigots.
The entire property and common areas are secured with individually coded door/gate access. There is a common area lounge, restrooms with showers, and a kitchenette available for the owner’s use.
The unit is designed to operate economically with over-insulated walls, insulated concrete, and translucent wall panels intended to help manage electricity costs. Utility infrastructure includes sewer cleanouts under the slab and water connections now in place, along with a 200-amp electric panel. The floors are slightly sloped forward for positive drainage to the outside, and there is outside access provided for an RV cleanout plus outside water spigots.
Key Highlights
- Garage‑o‑minium storage warehouse complex with multiple units individually owned and suitable for owner‑occupied or rental use
- Entire property is secured with individually coded door/gate access; includes common‑area lounge and restrooms with showers plus kitchenette
- Unit #34 includes a 24' x 24' (576 SF) mezzanine with 24' x 50' (1,080 SF) main area for 1,656 SF total usable space
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.9k | $9.00 |
| − Vacancy | −$894 | −$0.54 |
| EGI | $14.0k | $8.46 |
| − OpEx | −$2.1k | −$1.27 |
| NOI | $11.9k | $7.19 |
1,656 SF · lease $9.00/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$170.1K
$148.9K – $198.5K
NOI $11,908 @ 7.0% cap · market cap 5.20%
Second Best
Self Storage
$149.4K
$130.8K – $174.4K
NOI $10,461 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$419.7K
$367.2K – $489.7K
NOI $29,379 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storage Sense - Nicholasville ...
Storage Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Secured self-storage unit with a built-in mezzanine, electric door, and multiple utility connections.
Where is this self storage facility located?
The property is located at 1070 Elizabeth Street Unit 34 Nicholasville, KY.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Garage‑o‑minium storage warehouse complex with multiple units individually owned and suitable for owner‑occupied or rental use; Entire property is secured with individually coded door/gate access; includes common‑area lounge and restrooms with showers plus kitchenette; Unit #34 includes a 24' x 24' (576 SF) mezzanine with 24' x 50' (1,080 SF) main area for 1,656 SF total usable space
