Warehouse Distribution
For Sale
$26,499,200
8 Carbon Way, Walton, KY 41094
For-sale distribution center and warehouse property in Walton, KY.
Property Size203,840 SF
Days on Market110
Property Features for 8 Carbon Way
General Information
Standard status
Active
Size
203,840 SF
Property subtype
8/20/2026
Building Details
Building Size
203,840 SF
Year Built
2026
Listing Agency:
(513) 763-3046
Listed By:
Jeffrey Bender
(513) 763-3046
Source:
Cushmanwakefield
Added: May 8
Changed: Aug 23
Last Checked: Aug 24 at 3:30AM
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 Jeffrey Bender
Investment Insights
Based on property information with market context.
This for-sale industrial property is described as a distribution center and warehouse facility, falling within multiple commercial warehouse classifications. It is listed under categories including industrial properties and other warehouses, indicating a purpose-built logistics and storage use.
The property is located at 8 Carbon Way in Walton, Kentucky (41094).
The property is located at 8 Carbon Way in Walton, Kentucky (41094).
Key Highlights
- Newer distribution center and warehouse property in Walton, KY
- Built in 2026
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
$1,537,420
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
5.80%
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%
$30,748,400
$30.7M
Cap Rate 7%
$21,963,143
$22.0M
Cap Rate 9%
$17,082,444
$17.1M
Market Conditions
NOI Build-Up for 203,840 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
$1.93M $9.48/SF
− Vacancy
−$123.7K −$0.61/SF
EGI
$1.81M $8.87/SF
− OpEx
−$271.3K −$1.33/SF
NOI
$1.54M $7.54/SF
Area
Boone County, KY
Vacancy
6.40%
Lease Rate
$9.48 /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%
$30,748,400
Cap Rate 7%
$21,963,143
Cap Rate 9%
$17,082,444
Alternative Uses
Best Use
Warehouse
$21.96M
$19.22M – $25.62M
NOI $1,537,420 @ 7.0% cap · market cap 5.80%
Second Best
Industrial
$18.09M
$15.83M – $21.10M
NOI $1,266,111 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$56.19M
$49.17M – $65.55M
NOI $3,933,297 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 41094, KY
14,480
Population
5,204
Households
2.8
Avg Household Size
35
Median Age
31%
College-Educated
93%
High-School Grad
42.1 sq mi
ZIP Area
344
Density / Sq Mi
$91,678
Median Household Income
$46,691
Median Earnings
$1,133
Median Rent
$264,500
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?
Distribution center - For-sale distribution center and warehouse property in Walton, KY.
Where is this distribution center located?
The property is located at 8 Carbon Way Walton, KY.
What is the asking price?
The asking price for this property is $26,499,200.
What are key features of this property?
This property features: Newer distribution center and warehouse property in Walton, KY; Built in 2026
