Office/Warehouse in Bluegrass Industrial
For Sale
$697,500
129 MacArthur Ct, Nicholasville, KY 40356
Freestanding industrial building with drive-in overhead door and dedicated office space, zoned I-1 for light industrial use.
Property Size6,960 SF
Price / SF$100.22
Days on Market134
Property Features for 129 MacArthur Ct
General Information
Standard status
Active
Size
6,960 SF
Property subtype
Industrial
Zoning
I-1
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
1
Building Details
Building Size
6,960 SF
Listed By:
Bruce Isaac, SIOR, CCIM · License #KY #182312
(859) 221-4438
Source:
Naiisaac
Added: Jun 9
Changed: Aug 24
Last Checked: Aug 14 at 7:47AM
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 Bruce Isaac, SIOR, CCIM
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Investment Insights
Based on property information with market context.
This freestanding office/warehouse facility offers approximately 6,960 SF total with about 1,200 SF of office space. The office includes a reception area, tool room, two restrooms, two private offices on the main level, and two additional offices upstairs. For warehouse operations, the building is equipped with a 12' x 12' drive-in overhead door and clear ceiling height ranging from 14' to 20'. Mechanical and electrical systems include two 200-amp electrical panels and two ceiling-mounted gas furnaces.
The property is located within Bluegrass Industrial Park with signalized access to US 27 and direct frontage on US 27. It is approximately 2.5 miles from Lexington, convenient to Nicholasville, and within about 15 miles of Interstates 75 and 64.
Zoned I-1 (Light Industrial), the space supports a variety of industrial and business uses per local requirements.
The property is located within Bluegrass Industrial Park with signalized access to US 27 and direct frontage on US 27. It is approximately 2.5 miles from Lexington, convenient to Nicholasville, and within about 15 miles of Interstates 75 and 64.
Zoned I-1 (Light Industrial), the space supports a variety of industrial and business uses per local requirements.
Key Highlights
- +/-6,960 SF freestanding office/warehouse in Bluegrass Industrial Park with direct frontage and signalized access to US 27
- +/-1,200 SF dedicated office space with reception, tool room, two restrooms, two private offices, and two additional upstairs offices
- 12' x 12' drive‑in overhead door plus clear ceiling height range of 14' to 20' for loading and storage flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,049
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,980
$1.0M
Cap Rate 7%
$714,986
$715.0K
Cap Rate 9%
$556,100
$556.1K
Market Conditions
NOI Build-Up for 6,960 SF
Gross rent
$62.6K $9.00/SF
− Vacancy
−$3.8K −$0.54/SF
EGI
$58.9K $8.46/SF
− OpEx
−$8.8K −$1.27/SF
NOI
$50.0K $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 Rate 5%
$1,000,980
Cap Rate 7%
$714,986
Cap Rate 9%
$556,100
Alternative Uses
Best Use
Warehouse
$715.0K
$625.6K – $834.2K
NOI $50,049 @ 7.0% cap · market cap 7.18%
Second Best
Industrial
$588.8K
$515.2K – $687.0K
NOI $41,217 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,476 @ 7.0% cap · market cap 17.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Well-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
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- The Roadside Kitchen LLC — 1000 Park Central Ave STE C, Nicholasville, KY 40356
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding industrial building with drive-in overhead door and dedicated office space, zoned I-1 for light industrial use.
Where is this flex space located?
The property is located at 129 MacArthur Ct Nicholasville, KY.
What is the asking price?
The asking price for this property is $697,500.
What are key features of this property?
This property features: +/-6,960 SF freestanding office/warehouse in Bluegrass Industrial Park with direct frontage and signalized access to US 27; +/-1,200 SF dedicated office space with reception, tool room, two restrooms, two private offices, and two additional upstairs offices; 12' x 12' drive‑in overhead door plus clear ceiling height range of 14' to 20' for loading and storage flexibility
