Class A Georgetown Office
For Sale
Contact for pricing
198 Bevins Lane, Georgetown, KY 40324
2,598 SF Class A office space near Georgetown Community Hospital.
Property Size9,000 SF
Price / SF$0.00
Days on Market265
Property Features for 198 Bevins Lane
General Information
Standard status
Active
Size
9,000 SF
Class
A
Property subtype
Office
Lease Term
NNN
Building Details
Building Size
9,000 SF
Properties For Sale
at 198 Bevins Lane Contact usSuite B
Size
2,083 SF
Term
Negotiable
Suite F
Size
2,558 SF
Term
Negotiable
Listed By:
Matt Stone, CCIM, SIOR, MBA
(859) 351-5444
Source:
Svn
Added: Jan 27
Changed: Oct 5
Last Checked: Oct 16 at 7:10AM
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 Matt Stone, CCIM, SIOR, MBA
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Investment Insights
Based on property information with market context.
Located in Georgetown, Kentucky, this 2,598 SF Class A office space is an opportunity to join tenants such as UK Health Care, Baptist Health, Bluegrass Pediatrics and Internal Medicine, and Caretenders. The property is situated in the Landmark Office Centre Complex near Georgetown Community Hospital, across the bypass from the 125,000 SF Kroger Marketplace and Landmark Shoppes Retail Shopping Center. The space features three private offices with exterior windows, a large kitchen space, a large common area, a magnetic locking front door for extra security, and five ADA-compliant restrooms. Georgetown/Scott County is home to the Toyota Motor Manufacturing Plant, with over 6,000 employees. Scott County is the second fastest growing county in Kentucky, with a population exceeding 57,000 per the 2020 US Census data. Other tenants include Castle Insurance.
Key Highlights
- Prime Location: Near Georgetown Community Hospital and across the bypass from Kroger Marketplace and Landmark Shoppes Retail.
- High‑Quality Office Space: Class A property with three private offices with exterior windows, a large kitchen, and common areas.
- Strong Tenant Mix: Join established tenants such as UK Health Care and Baptist Health.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,386
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,907,720
$1.9M
Cap Rate 7%
$1,362,657
$1.4M
Cap Rate 9%
$1,059,844
$1.1M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$172.8K $19.20/SF
− Vacancy
−$13.8K −$1.54/SF
EGI
$159.0K $17.66/SF
− OpEx
−$63.6K −$7.07/SF
NOI
$95.4K $10.60/SF
Area
Scott County, KY
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,907,720
Cap Rate 7%
$1,362,657
Cap Rate 9%
$1,059,844
Alternative Uses
Best Use
Office B
$1.81M
$1.58M – $2.11M
NOI $126,554 @ 7.0% cap · market cap 602,638.10%
Second Best
Healthcare Medical
$1.36M
$1.19M – $1.59M
NOI $95,386 @ 7.0% cap · market cap 454,219.05%
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,667 @ 7.0% cap · market cap 760,319.05%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Explore this area
Business Placement
Demographics for 40324, KY
51,035
Population
20,570
Households
2.5
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
155.1 sq mi
ZIP Area
329
Density / Sq Mi
$83,012
Median Household Income
$47,619
Median Earnings
$1,188
Median Rent
$262,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - 2,598 SF Class A office space near Georgetown Community Hospital.
Where is this office units located?
The property is located at 198 Bevins Lane Georgetown, KY.
What are key features of this property?
This property features: Prime Location: Near Georgetown Community Hospital and across the bypass from Kroger Marketplace and Landmark Shoppes Retail.; High‑Quality Office Space: Class A property with three private offices with exterior windows, a large kitchen, and common areas.; Strong Tenant Mix: Join established tenants such as UK Health Care and Baptist Health.
