131 Marlene Drive Nicholasville, KY 40356
30,667 SF building on 2.4 acres in Brannon Crossing.
Property Features for 131 Marlene Drive
General Information
- Standard status
- Active
- Size
- 30,667 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2007
Listing office NAI Isaac (859) 221-4000
Listing date Nov 21, 2025
Source Naiglobal
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All listing content including descriptions, pricing, images are the copyrighted material of NAI Isaac
Investment Insights
Based on property information with market context.
Key Highlights
- +/-30,667 SF freestanding building on +/-2.4 acres in Brannon Crossing.
- Located in high‑traffic area on Nicholasville Road (US 27) with 43,918 VPD.
- Excellent visibility from Nicholasville Road (US 27).
Local Financial Insights For Retail
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 | $441.6k | $14.40 |
| − Vacancy | −$24.7k | −$0.81 |
| EGI | $416.9k | $13.59 |
| − OpEx | −$125.1k | −$4.08 |
| NOI | $291.8k | $9.52 |