Office/Warehouse in Bluegrass Industrial
129 MacArthur Ct Nicholasville, KY 40356
129 MacArthur Ct, Nicholasville, KY, 40356
$697,500
For Sale
$697,500
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 Market44
Property Features for 129 MacArthur Ct
General Information
- Standard status
- Active
- Size
- 6,960 SF
- Property subtype
- Industrial
Listing agency
(859) 221-4438
Listed by
Bruce Isaac, SIOR, CCIM · License #KY #182312
(859) 221-4438
Source
Naiisaac
Added: Jun 9 Updated: Jul 21 at 8:15PM Checked: Jul 21 at 8:15PM
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
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
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.6k | $9.00 |
| − Vacancy | −$3.8k | −$0.54 |
| EGI | $58.9k | $8.46 |
| − OpEx | −$8.8k | −$1.27 |
| NOI | $50.0k | $7.19 |
6,960 SF · lease $9.00/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.40M
$1.22M – $1.63M
NOI $97,869 @ 7.0% cap · market cap 14.03%
Second Best
Warehouse
$715.0K
$625.6K – $834.2K
NOI $50,049 @ 7.0% cap · market cap 7.18%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wainscott's Lawn And Landscape ...
Landscaping
Klaber Classic Cabinets
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- The Roadside Kitchen LLC — 1000 Park Central Ave STE C, Nicholasville, KY 40356
FAQs
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
