LaGrange Flex Space on 14
For Sale
Contact for pricing
1111 Dawkins Rd, La Grange, KY 40031
Unique property near Downtown LaGrange, under renovation, on 14 acres.
Property Size3,430 SF
Lot Size14.00 Acres
Price / SF$1.02
Days on Market206
Property Features for 1111 Dawkins Rd
General Information
Standard status
Active
Size
3,430 SF
Lot size
14.00 Acres
Property subtype
Land
Lease Type
NNN
Listing Agency:
Walter Wagner, Jr Co., LLC
Listed By:
Martin Spickard · License #222422
(502) 724-1510
Source:
Kcrea.resimplifi
Added: Mar 26
Changed: Oct 10
Last Checked: Oct 16 at 5:49AM
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 Walter Wagner, Jr Co., LLC
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Investment Insights
Based on property information with market context.
This unique property, located 1.5 miles from Downtown LaGrange, sits on 14 acres of land and is currently under renovation. It comprises two buildings: a main building with 3,430 square feet and a secondary building with 2,207 square feet, totaling 5,637 square feet of leasable space. The current landlord is open to ideas for a new tenant and hopes to help stimulate business in LaGrange. Potential business uses include an antique mall, event space, paintball, RV park, outdoor art studio, sports facility, automotive repair shop, or landscape nursery.
Key Highlights
- 14 Acres of Land
- Two Buildings totaling 5,637 SF of Leasable Space
- Located 1.5 Miles from Downtown LaGrange
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,486
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,720
$469.7K
Cap Rate 7%
$335,514
$335.5K
Cap Rate 9%
$260,956
$261.0K
Market Conditions
NOI Build-Up for 3,430 SF
Gross rent
$35.0K $10.20/SF
− Vacancy
−$1.4K −$0.42/SF
EGI
$33.6K $9.78/SF
− OpEx
−$10.1K −$2.93/SF
NOI
$23.5K $6.85/SF
Area
Oldham County, KY
Vacancy
4.10%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,720
Cap Rate 7%
$335,514
Cap Rate 9%
$260,956
Alternative Uses
Best Use
Flex RnD
$395.2K
$345.8K – $461.1K
NOI $27,664 @ 7.0% cap · market cap 790.40%
Second Best
Industrial
$335.5K
$293.6K – $391.4K
NOI $23,486 @ 7.0% cap · market cap 671.03%
Theoretical Best
Office A
$723.1K
$632.7K – $843.6K
NOI $50,617 @ 7.0% cap · market cap 1,446.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 40031, KY
25,322
Population
8,507
Households
3
Avg Household Size
40
Median Age
34%
College-Educated
89%
High-School Grad
66.9 sq mi
ZIP Area
379
Density / Sq Mi
$96,682
Median Household Income
$47,046
Median Earnings
$1,120
Median Rent
$316,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Unique property near Downtown LaGrange, under renovation, on 14 acres.
Where is this flex space located?
The property is located at 1111 Dawkins Rd La Grange, KY.
What are key features of this property?
This property features: 14 Acres of Land; Two Buildings totaling 5,637 SF of Leasable Space; Located 1.5 Miles from Downtown LaGrange
