Multi-Building Warehouse
For Sale
$1,955,700
129 Fieldview Dr, Versailles, KY 40383
Flexible layouts, office improvements, drive-in access, dock service, and three-phase power support varied operations.
Property Size21,730 SF
Lot Size2.31 Acres
Price / SF$90
Days on Market193
Property Features for 129 Fieldview Dr
General Information
Standard status
Active
Size
21,730 SF
Lot size
2.31 Acres
Property subtype
Warehouse
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
6
Three-Phase Power
Yes
Additional Details
Gross Income
$33,600
Highway Access
Yes
Amenities
conference room
kitchenette
private restrooms
Building Details
Building Size
21,730 SF
Year Built
1998
Buildings
2
Listing Agency:
SVN | Stone Commercial Real Estate Advisors
(859) 327-7261
Listed By:
Rachel Ridd · License #KN287622
(859) 327-7261
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 6:48PM
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 Advisors
Investment Insights
Based on property information with market context.
This warehouse asset comprises two buildings totaling approximately 21,730 SF on 2.31 acres within Versailles Industrial Park. The front building provides approximately 7,350 SF of warehouse area and 3,880 SF of office space, including private offices, an interior office, conference room, kitchenette, reception area, four restrooms, and a storage or future office mezzanine. Its industrial features include two 14-foot grade-level doors, one dock, 18-foot clear height, three-phase power, warehouse heat, and office HVAC.
The rear building is arranged as four units: three measuring 2,100 SF and one measuring 4,200 SF. Each suite has a 14-foot grade-level door, while the 4,200 SF unit also has dock access. Built in 2018, the rear building offers three-phase power and demising walls that can be reconfigured or removed. The property includes ample parking and circulation for employees, customers, and truck traffic, with commercial/industrial zoning and proximity to the BG Parkway, I-64, I-75, and Lexington.
The rear building is arranged as four units: three measuring 2,100 SF and one measuring 4,200 SF. Each suite has a 14-foot grade-level door, while the 4,200 SF unit also has dock access. Built in 2018, the rear building offers three-phase power and demising walls that can be reconfigured or removed. The property includes ample parking and circulation for employees, customers, and truck traffic, with commercial/industrial zoning and proximity to the BG Parkway, I-64, I-75, and Lexington.
Key Highlights
- ~21,730 SF across two versatile industrial buildings on 2.31 acres
- Front building includes ~7,350 SF warehouse space and ~3,880 SF office space
- Rear building contains three 2,100 SF units and one 4,200 SF unit
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
$156,260
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
7.99%
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%
$3,125,200
$3.1M
Cap Rate 7%
$2,232,286
$2.2M
Cap Rate 9%
$1,736,222
$1.7M
Market Conditions
NOI Build-Up for 21,730 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
$195.6K $9.00/SF
− Vacancy
−$11.7K −$0.54/SF
EGI
$183.8K $8.46/SF
− OpEx
−$27.6K −$1.27/SF
NOI
$156.3K $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%
$3,125,200
Cap Rate 7%
$2,232,286
Cap Rate 9%
$1,736,222
Alternative Uses
Best Use
Office B
$4.37M
$3.82M – $5.09M
NOI $305,559 @ 7.0% cap · market cap 15.62%
Second Best
Warehouse
$2.23M
$1.95M – $2.60M
NOI $156,260 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$5.51M
$4.82M – $6.43M
NOI $385,508 @ 7.0% cap · market cap 19.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
6
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40383, KY
24,592
Population
10,431
Households
2.4
Avg Household Size
43
Median Age
42%
College-Educated
91%
High-School Grad
150.4 sq mi
ZIP Area
164
Density / Sq Mi
$80,444
Median Household Income
$42,365
Median Earnings
$998
Median Rent
$279,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- M R Storage — 390 Crossfield Dr, Versailles, KY 40383
Frequently Asked Questions
What type of property is this?
Warehouse - Flexible layouts, office improvements, drive-in access, dock service, and three-phase power support varied operations.
Where is this warehouse located?
The property is located at 129 Fieldview Dr Versailles, KY.
What is the asking price?
The asking price for this property is $1,955,700.
What are key features of this property?
This property features: ~21,730 SF across two versatile industrial buildings on 2.31 acres; Front building includes ~7,350 SF warehouse space and ~3,880 SF office space; Rear building contains three 2,100 SF units and one 4,200 SF unit
