Two-Bay Commercial
117 Millcreek Rd, Radcliff, KY 40160
For Sale
$185,000
Two-bay garage on a commercial-zoned corner lot with tall ceilings, automatic doors, and concrete flooring.
Property Size1,200 SF
Lot Size0.43 Acres
Price / SF$154.17
Days on Market155
Property Features for 117 Millcreek Rd
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Highway Access
Drive-In Doors
Service Bays
Amenities
Water
Sewer
Building Details
Year Built
Listing Agency:
RE/MAX Premier Properties
Listed By:
Jay Pitts · License KY #63303
(502) 572-0186
Source:
Kcrea.resimplifi
Added: Jun 9
Changed: Nov 5
Last Checked: Nov 8 at 2:11AM
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 RE/MAX Premier Properties
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Investment Insights
Based on property information with market context.
The property is a two-bay garage measuring 40 by 30 on a 0.43-acre lot zoned commercial. The garage has a concrete floor and tall ceilings, and the two automatic garage doors support vehicle and storage use. A side carport/overhang provides additional space that can be used for extra parking or storage. The driveway and parking area are surfaced with gravel.
Access is practical for day-to-day operations, with the parcel located at the corner of Millcreek Rd and S Wilson Rd, right off of Dixie Hwy. The corner positioning supports convenient arrival from multiple directions.
Inside, the electrical capacity includes several 220 and 110 outlets throughout the garage, which can help accommodate equipment, tools, or related needs. With concrete flooring, tall clearances, and an additional overhang for overflow space, the building offers a straightforward footprint for businesses seeking a functional commercial garage setting.
Access is practical for day-to-day operations, with the parcel located at the corner of Millcreek Rd and S Wilson Rd, right off of Dixie Hwy. The corner positioning supports convenient arrival from multiple directions.
Inside, the electrical capacity includes several 220 and 110 outlets throughout the garage, which can help accommodate equipment, tools, or related needs. With concrete flooring, tall clearances, and an additional overhang for overflow space, the building offers a straightforward footprint for businesses seeking a functional commercial garage setting.
Key Highlights
- 2‑bay commercial garage on a .43‑acre corner lot at Millcreek Rd and S Wilson Rd, right off Dixie Hwy
- Garage measures 40 x 30 with tall ceilings and a concrete floor
- Automatic garage doors and a side carport/overhang for additional parking or storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,214
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,280
$164.3K
Cap Rate 7%
$117,343
$117.3K
Cap Rate 9%
$91,267
$91.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$10.4K $8.64/SF
− Vacancy
−$705 −$0.59/SF
EGI
$9.7K $8.05/SF
− OpEx
−$1.4K −$1.21/SF
NOI
$8.2K $6.84/SF
Area
Hardin County, KY
Vacancy
6.80%
Lease Rate
$8.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,280
Cap Rate 7%
$117,343
Cap Rate 9%
$91,267
Alternative Uses
Best Use
Warehouse
$117.3K
$102.7K – $136.9K
NOI $8,214 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$217.2K
$190.1K – $253.4K
NOI $15,206 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
2
Drive-in doors
2
Service bays
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40160, KY
23,582
Population
9,991
Households
2.4
Avg Household Size
37
Median Age
15%
College-Educated
89%
High-School Grad
17.1 sq mi
ZIP Area
1,379
Density / Sq Mi
$59,293
Median Household Income
$34,373
Median Earnings
$889
Median Rent
$161,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Built-Rite Express — 2119 S Dixie Blvd, Radcliff, KY 40160
- Radcliff Mini Storage — 262 Shelby Ave, Radcliff, KY 40160
- Blue Sky Self Storage - Radcliff — 1736 S Dixie Blvd, Radcliff, KY 40160
- Blue Sky Self Storage - Radcliff II — 1295 S Dixie Blvd, Radcliff, KY 40160
- Self-Serve Storage — 1295 S Dixie Blvd, Radcliff, KY 40160
Frequently Asked Questions
What type of property is this?
Warehouse - Two-bay garage on a commercial-zoned corner lot with tall ceilings, automatic doors, and concrete flooring.
Where is this warehouse located?
The property is located at 117 Millcreek Rd Radcliff, KY.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 2‑bay commercial garage on a .43‑acre corner lot at Millcreek Rd and S Wilson Rd, right off Dixie Hwy; Garage measures 40 x 30 with tall ceilings and a concrete floor; Automatic garage doors and a side carport/overhang for additional parking or storage space
