Warehouse with Grade-Level
For Sale
Contact for pricing
121 Kemper Drive, Nicholasville, KY 40356
Functional warehouse space includes office accommodation, tall ceilings, restroom, and drive-in loading access.
Property Size9,200 SF
Price / SF$0.00
Days on Market110
Property Features for 121 Kemper Drive
General Information
Standard status
Active
Size
9,200 SF
Property subtype
Industrial
Lease Term
MG
Amenities
office area
two grade-level roll-up doors
tall ceilings
restroom
Building Details
Building Size
9,200 SF
Properties For Sale
at 121 Kemper Drive
Unit A
Size
3,300 SF
Term
Negotiable
Listed By:
Travis Rose, MBA
(859) 806-1591
Source:
Svn
Added: Jun 29
Changed: Oct 7
Last Checked: Oct 16 at 6:07AM
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 Travis Rose, MBA
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,300 SF warehouse at 121 Kemper Drive, Unit A, provides a practical combination of work and support space. The layout includes an office area, restroom, tall ceilings, and two grade-level roll-up doors for drive-in access. The property is suited to contractors, service companies, storage users, and light industrial businesses based on the stated configuration and use profile.
The Nicholasville address is 2.5 direct miles from Lexington, providing proximity to the larger nearby market while retaining a Nicholasville location. Availability is scheduled for August 1, 2026.
The Nicholasville address is 2.5 direct miles from Lexington, providing proximity to the larger nearby market while retaining a Nicholasville location. Availability is scheduled for August 1, 2026.
Key Highlights
- 3,300 SF warehouse space at 121 Kemper Drive, Unit A
- Two grade‑level roll‑up doors provide drive‑in access
- Office area, restroom, and tall ceilings included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,147
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,940
$362.9K
Cap Rate 7%
$259,243
$259.2K
Cap Rate 9%
$201,633
$201.6K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$29.7K $9.00/SF
− Vacancy
−$1.8K −$0.54/SF
EGI
$27.9K $8.46/SF
− OpEx
−$9.8K −$2.96/SF
NOI
$18.1K $5.50/SF
Area
Jessamine County, KY
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,940
Cap Rate 7%
$259,243
Cap Rate 9%
$201,633
Alternative Uses
Best Use
Warehouse
$339.0K
$296.6K – $395.5K
NOI $23,730 @ 7.0% cap · market cap 215,727.27%
Second Best
Industrial
$279.2K
$244.3K – $325.7K
NOI $19,543 @ 7.0% cap · market cap 177,663.64%
Theoretical Best
Office A
$836.4K
$731.8K – $975.8K
NOI $58,545 @ 7.0% cap · market cap 532,227.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Functional warehouse space includes office accommodation, tall ceilings, restroom, and drive-in loading access.
Where is this warehouse located?
The property is located at 121 Kemper Drive Nicholasville, KY.
What are key features of this property?
This property features: 3,300 SF warehouse space at 121 Kemper Drive, Unit A; Two grade‑level roll‑up doors provide drive‑in access; Office area, restroom, and tall ceilings included
