Flex Building with Fenced
For Sale
$622,200
115 Eisenhower Ct, Nicholasville, KY 40356
I-1 flex property combines finished offices with adaptable warehouse space.
Property Size7,320 SF
Lot Size1.00 Acre
Price / SF$85
Days on Market193
Property Features for 115 Eisenhower Ct
General Information
Standard status
Active
Size
7,320 SF
Lot size
1.00 Acre
Property subtype
Factory
Zoning
I-1
Warehouse & Industrial
Clear Height
14 ft
Warehouse Space
3,120 SF
Office Build-Out
4,200 SF
Additional Details
Fenced Yard
Yes
Amenities
reception area
conference rooms
kitchen/break area
bathrooms
paved yard
Building Details
Building Size
7,320 SF
Buildings
1
Properties For Sale
at 115 Eisenhower Ct Contact us- Size
- 7,320 SF
- Lease Type
- Modified Gross
115 Eisnhour Ct
Listing Agency:
SVN Stone Commercial Real Estate
(859) 806-1591
Listed By:
Travis Rose
(859) 806-1591
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 7:08PM
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 SVN Stone Commercial Real Estate
Investment Insights
Based on property information with market context.
This 7,320 SF flex property at 115 Eisenhower Ct in Nicholasville, Kentucky, provides a balanced office and warehouse layout. The office component measures 4,200 SF and includes 12 offices, a reception area, 2 conference rooms, a kitchen/break area, and 2 bathrooms. The 3,120 SF warehouse offers 14 ft ceilings, one 12 ft overhead door, a suspended gas heater, and a bathroom. Interior partitions can remain in place or be removed for a more open configuration.
The building occupies a 1 acre site with a fully fenced, gated, paved yard and a brick front façade. A new roof and gutters were installed less than 1.5 years ago. Four units provide heating and cooling throughout the property, while I-1 zoning supports its industrial classification.
The building occupies a 1 acre site with a fully fenced, gated, paved yard and a brick front façade. A new roof and gutters were installed less than 1.5 years ago. Four units provide heating and cooling throughout the property, while I-1 zoning supports its industrial classification.
Key Highlights
- 7,320 SF flex building with 4,200 SF of office space and 3,120 SF of warehouse space
- 1 acre fully fenced, gated, paved yard
- Office layout includes 12 offices, 2 conference rooms, reception, kitchen/break area, and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,638
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,052,760
$1.1M
Cap Rate 7%
$751,971
$752.0K
Cap Rate 9%
$584,867
$584.9K
Market Conditions
NOI Build-Up for 7,320 SF
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.
Gross rent
$65.9K $9.00/SF
− Vacancy
−$4.0K −$0.54/SF
EGI
$61.9K $8.46/SF
− OpEx
−$9.3K −$1.27/SF
NOI
$52.6K $7.19/SF
Area
Jessamine County, KY
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,052,760
Cap Rate 7%
$751,971
Cap Rate 9%
$584,867
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $102,931 @ 7.0% cap · market cap 16.54%
Second Best
Warehouse
$752.0K
$658.0K – $877.3K
NOI $52,638 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$1.86M
$1.62M – $2.16M
NOI $129,863 @ 7.0% cap · market cap 20.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40356, KY
44,381
Population
17,934
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
90%
High-School Grad
139.5 sq mi
ZIP Area
318
Density / Sq Mi
$75,264
Median Household Income
$41,427
Median Earnings
$1,020
Median Rent
$246,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Gourmet Goodies LLC — 102 W Oak St, Nicholasville, KY 40356
Frequently Asked Questions
What type of property is this?
Flex space - I-1 flex property combines finished offices with adaptable warehouse space.
Where is this flex space located?
The property is located at 115 Eisenhower Ct Nicholasville, KY.
What is the asking price?
The asking price for this property is $622,200.
What are key features of this property?
This property features: 7,320 SF flex building with 4,200 SF of office space and 3,120 SF of warehouse space; 1 acre fully fenced, gated, paved yard; Office layout includes 12 offices, 2 conference rooms, reception, kitchen/break area, and 2 bathrooms
