Building Details

Year Built 1960

Buildings 1

Building Size 2,552 SF

Listing Agency: Gant Hill & Associates, LLC

Listed By: Gant Hill · License #45425 Show Phone

Source: Kcrea.resimplifi

Added: Sep 10 Changed: Oct 13 Last Checked: Oct 13 at 2:29AM

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Investment Insights

Based on property information with market context.

This 2,552-square-foot flex property on a 0.18-acre parcel combines two offices, a bathroom, storage, and a two-bay garage with a 14-foot ceiling. Improvements include a recently updated roof and bathroom, along with a new air-conditioning unit. The property is zoned NEC.

At the corner of Main Street and Jefferson Street in Taylorsville, the building has previously accommodated gym, contractor office and warehouse, and light automotive uses.

Key Highlights

• 2,552 square feet of interior space on approximately 0.18 acres
• Two‑bay garage with a 14 foot ceiling and storage
• Interior includes two offices and a bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,905

Cap Rate

7.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$438,100 $438.1K

Cap Rate 7%

$312,929 $312.9K

Cap Rate 9%

$243,389 $243.4K

Market Conditions

NOI Build-Up for 2,552 SF

Gross rent

$27.6K $10.80/SF

− Vacancy

−$1.8K −$0.70/SF

EGI

$25.8K $10.10/SF

− OpEx

−$3.9K −$1.51/SF

NOI

$21.9K $8.58/SF

Area

Spencer 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%

$438,100

Cap Rate 7%

$312,929

Cap Rate 9%

$243,389

Alternative Uses

Best Use

Warehouse

$312.9K

$273.8K – $365.1K (±1% cap)

NOI $21,905 @ 7.0% cap · market cap 7.97%

Second Best

Flex RnD

$294.0K

$257.3K – $343.0K (±1% cap)

NOI $20,582 @ 7.0% cap · market cap 7.48%

Theoretical Best

Office A

$538.0K

$470.8K – $627.7K (±1% cap)

NOI $37,660 @ 7.0% cap · market cap 13.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick HVAC Service Electrical Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Carpet & Flooring Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14 ft

Clear height

2

Drive-in doors

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

212

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 40071, KY

16,106

Population

6,264

Households

2.6

Avg Household Size

42

Median Age

21%

College-Educated

93%

High-School Grad

121.3 sq mi

ZIP Area

133

Density / Sq Mi

$97,349

Median Household Income

$45,121

Median Earnings

$941

Median Rent

$297,900

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Two offices, storage, and recent building updates complement the garage area.

Where is this flex space located?

The property is located at 16 Jefferson St Taylorsville, KY.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: 2,552 square feet of interior space on approximately 0.18 acres; Two‑bay garage with a 14 foot ceiling and storage; Interior includes two offices and a bathroom