Office Building with B-3
1320 Fulton Road, Winchester, KY 40391
For Sale
$450,000
Commercial Sale, Winchester, KY
Property Size2,530 SF
Lot Size0.22 Acres
Price / SF$177.87
Days on Market89
Property Features for 1320 Fulton Road
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Size
Lot size
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Listing Agency:
KY Realty Co
Listed By:
Holly Spradlin · License KY #207752
(606) 793-4395
Added: Aug 14
Changed: Nov 2
Last Checked: Nov 10 at 5:06PM
MLS# 26022173
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 1320 Fulton Road in Winchester, Kentucky, this 2,530-square-foot office building sits on a 0.22-acre parcel. Constructed in 1983, the property includes heat-pump heating and heat-pump cooling, providing a single system for both climate functions. B-3 zoning is in place for the site.
The property offers access to major roadways and surrounding communities, supporting convenient customer and client access. Its Winchester location places the building within Clark County and the 40391 postal area.
The property offers access to major roadways and surrounding communities, supporting convenient customer and client access. Its Winchester location places the building within Clark County and the 40391 postal area.
Key Highlights
- 2,530‑square‑foot office building
- 0.22‑acre parcel
- B‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,576
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,520
$711.5K
Cap Rate 7%
$508,229
$508.2K
Cap Rate 9%
$395,289
$395.3K
Market Conditions
NOI Build-Up for 2,530 SF
Gross rent
$54.6K $21.60/SF
− Vacancy
−$7.2K −$2.85/SF
EGI
$47.4K $18.75/SF
− OpEx
−$11.9K −$4.69/SF
NOI
$35.6K $14.06/SF
Area
Clark County, KY
Vacancy
13.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,520
Cap Rate 7%
$508,229
Cap Rate 9%
$395,289
Alternative Uses
Best Use
Office B
$508.2K
$444.7K – $592.9K
NOI $35,576 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$641.2K
$561.1K – $748.1K
NOI $44,884 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Explore this area
Business Placement
Demographics for 40391, KY
36,461
Population
16,125
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
90%
High-School Grad
237.3 sq mi
ZIP Area
154
Density / Sq Mi
$67,910
Median Household Income
$40,323
Median Earnings
$884
Median Rent
$197,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The property includes heat-pump heating and cooling within a commercial office setting in Winchester.
Where is this office building located?
The property is located at 1320 Fulton Road Winchester, KY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,530‑square‑foot office building; 0.22‑acre parcel; B‑3 zoning
