Contractor-Oriented Flex
For Sale
$399,900
305 Henry Clay St, Shelbyville, KY 40065
Commercial building with flexible space for contractor use.
Property Size3,456 SF
Price / SF$115.71
Days on Market566
Property Features for 305 Henry Clay St
General Information
Standard status
Active
Size
3,456 SF
Property subtype
Retail
Listing Agency:
The Menish Group Auction & Real Estate
Listed By:
Ron Caughron
(502) 552-4997
Source:
Kcrea.resimplifi
Added: Mar 28, 2025
Changed: Oct 12
Last Checked: Oct 12 at 4:38PM
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 The Menish Group Auction & Real Estate
Investment Insights
Based on property information with market context.
This 3,456-square-foot flex space building is positioned for contractor-oriented commercial use. The property is located at 305 Henry Clay St in Shelbyville, Kentucky 40065.
Key Highlights
- 3,456‑square‑foot flex space building
- Contractor‑oriented commercial use
- Located at 305 Henry Clay St, Shelbyville, KY 40065
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,664
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,280
$593.3K
Cap Rate 7%
$423,771
$423.8K
Cap Rate 9%
$329,600
$329.6K
Market Conditions
NOI Build-Up for 3,456 SF
Gross rent
$37.3K $10.80/SF
− Vacancy
−$2.4K −$0.70/SF
EGI
$34.9K $10.10/SF
− OpEx
−$5.2K −$1.51/SF
NOI
$29.7K $8.58/SF
Area
Shelby County, KY
Vacancy
6.50%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,280
Cap Rate 7%
$423,771
Cap Rate 9%
$329,600
Alternative Uses
Best Use
Warehouse
$423.8K
$370.8K – $494.4K
NOI $29,664 @ 7.0% cap · market cap 7.42%
Second Best
Flex RnD
$398.2K
$348.4K – $464.6K
NOI $27,873 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$728.6K
$637.5K – $850.0K
NOI $51,001 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40065, KY
32,729
Population
12,943
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
85%
High-School Grad
167.5 sq mi
ZIP Area
195
Density / Sq Mi
$76,813
Median Household Income
$40,767
Median Earnings
$1,002
Median Rent
$254,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Four Moore's Mobile Kitchen & Catering — 1041 Main St, Shelbyville, KY 40065
Frequently Asked Questions
What type of property is this?
Flex space - Commercial building with flexible space for contractor use.
Where is this flex space located?
The property is located at 305 Henry Clay St Shelbyville, KY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 3,456‑square‑foot flex space building; Contractor‑oriented commercial use; Located at 305 Henry Clay St, Shelbyville, KY 40065
