Two-Story Office
For Sale
$750,000
142 N Locust Street, Versailles, KY 40383
The 10-room layout includes a fenced backyard and on-site parking.
Property Size3,672 SF
Price / SF$204.25
Days on Market168
Property Features for 142 N Locust Street
General Information
Standard status
Active
Size
3,672 SF
Property subtype
Business
Zoning
B2
Additional Details
Utilities to Site
Yes
Currently Operating
Yes
Building Details
Building Size
3,672 SF
Year Built
1850
Buildings
1
Stories
2
Listing Agency:
Rector Hayden Realtors
Listed By:
Cindy Lane Shryock
(859) 333-0753
Source:
Horseandhomeestates
Added: May 13
Changed: Oct 26
Last Checked: Oct 26 at 3:09PM
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 Rector Hayden Realtors
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Investment Insights
Based on property information with market context.
This two-story office building contains 10 rooms across 3,672 square feet. Built in 1850, the property occupies two lots and has a fenced backyard with parking. Gas, water, and electric service are available. The building is currently occupied by a business and is zoned B2 within the Central Business District.
At 142 N Locust Street in Versailles, the property is one block from Main Street. The combination of a multi-room interior, outdoor area, parking, and available utilities defines the existing property configuration.
At 142 N Locust Street in Versailles, the property is one block from Main Street. The combination of a multi-room interior, outdoor area, parking, and available utilities defines the existing property configuration.
Key Highlights
- 3,672‑square‑foot, two‑story building with 10 rooms
- Built in 1850 and situated on two lots
- Zoned B2 in the Central Business District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,634
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,680
$1.0M
Cap Rate 7%
$737,629
$737.6K
Cap Rate 9%
$573,711
$573.7K
Market Conditions
NOI Build-Up for 3,672 SF
Gross rent
$79.3K $21.60/SF
− Vacancy
−$10.5K −$2.85/SF
EGI
$68.8K $18.75/SF
− OpEx
−$17.2K −$4.69/SF
NOI
$51.6K $14.06/SF
Area
Woodford 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%
$1,032,680
Cap Rate 7%
$737,629
Cap Rate 9%
$573,711
Alternative Uses
Best Use
Office B
$737.6K
$645.4K – $860.6K
NOI $51,634 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$930.6K
$814.3K – $1.09M
NOI $65,144 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Explore this area
Business Placement
Demographics for 40383, KY
24,592
Population
10,431
Households
2.4
Avg Household Size
43
Median Age
42%
College-Educated
91%
High-School Grad
150.4 sq mi
ZIP Area
164
Density / Sq Mi
$80,444
Median Household Income
$42,365
Median Earnings
$998
Median Rent
$279,400
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 10-room layout includes a fenced backyard and on-site parking.
Where is this office building located?
The property is located at 142 N Locust Street Versailles, KY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,672‑square‑foot, two‑story building with 10 rooms; Built in 1850 and situated on two lots; Zoned B2 in the Central Business District
