Industrial Flex Building with
For Sale
$1,975,000
1812 Cargo Ct, Jeffersontown, KY 40299
Flex industrial building with office, lab, and warehouse space on two floors, plus 42 marked parking spaces.
Property Size21,869 SF
Price / SF$90.31
Days on Market115
Property Features for 1812 Cargo Ct
General Information
Standard status
Active
Size
21,869 SF
Total Parking Spaces
42
Property subtype
Industrial - Manufacturing
Additional Details
Highway Access
Yes
Building Details
Building Size
21,869 SF
Stories
2
Listing Agency:
Hoagland Commercial Realtors
Listed By:
Brooks Hower · License #72257
(502) 897-3310
Source:
Commercialcafe
Added: May 14
Changed: Sep 4
Last Checked: Sep 4 at 2:45AM
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 Hoagland Commercial Realtors
Investment Insights
Based on property information with market context.
1812 Cargo Court is a Bluegrass Park industrial flex building currently built out with a mix of traditional office, lab, and warehouse space. The first floor includes 14,881 ± SF, with an additional 6,988 ± SF on the second floor, providing flexibility for interior layout needs.
The property is situated in the established industrial corridor of Jeffersontown, with convenient access to Blankenbaker Parkway, I-64, and I-265 for regional connectivity around Louisville. The building also offers curb appeal and an ample parking area with 42 marked spaces.
For buyers or tenants seeking a space that combines office and lab support with warehouse functionality, this two-story configuration is designed to accommodate multiple operational components under one roof.
The property is situated in the established industrial corridor of Jeffersontown, with convenient access to Blankenbaker Parkway, I-64, and I-265 for regional connectivity around Louisville. The building also offers curb appeal and an ample parking area with 42 marked spaces.
For buyers or tenants seeking a space that combines office and lab support with warehouse functionality, this two-story configuration is designed to accommodate multiple operational components under one roof.
Key Highlights
- Two‑story flex industrial building with traditional office, lab, and warehouse space
- Building footprint of 14,881 ± SF on the first floor and 6,988 ± SF on the second floor
- Industrial building available for sale or lease
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
$106,368
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
5.39%
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%
$2,127,360
$2.1M
Cap Rate 7%
$1,519,543
$1.5M
Cap Rate 9%
$1,181,867
$1.2M
Market Conditions
NOI Build-Up for 21,869 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
$133.8K $6.12/SF
− Vacancy
−$8.7K −$0.40/SF
EGI
$125.1K $5.72/SF
− OpEx
−$18.8K −$0.86/SF
NOI
$106.4K $4.86/SF
Area
ZIP 40299
Vacancy
6.50%
Lease Rate
$6.12 /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%
$2,127,360
Cap Rate 7%
$1,519,543
Cap Rate 9%
$1,181,867
Alternative Uses
Best Use
Flex RnD
$2.93M
$2.56M – $3.42M
NOI $205,120 @ 7.0% cap · market cap 10.39%
Second Best
Warehouse
$1.52M
$1.33M – $1.77M
NOI $106,368 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$5.35M
$4.68M – $6.25M
NOI $374,747 @ 7.0% cap · market cap 18.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 40299, KY
43,030
Population
17,567
Households
2.4
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
54.0 sq mi
ZIP Area
797
Density / Sq Mi
$85,419
Median Household Income
$50,427
Median Earnings
$1,290
Median Rent
$274,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial building with office, lab, and warehouse space on two floors, plus 42 marked parking spaces.
Where is this flex space located?
The property is located at 1812 Cargo Ct Jeffersontown, KY.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Two‑story flex industrial building with traditional office, lab, and warehouse space; Building footprint of 14,881 ± SF on the first floor and 6,988 ± SF on the second floor; Industrial building available for sale or lease
