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    Industrial Flex Space for Sublease Title is generated by Realmo AI

    204 & 206 Production Drive, Elizabethtown, KY 42701

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    For Lease
    $5 SF/Yr $15,812/Mo (calc)

    Sublease up to 33,000 SF with office/showroom and varying ceiling heights near major highway access.

    Type:Industrial
    Property size:
    33,000 SF
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 2:27 am

    Property Features for 204 & 206 Production Drive

    General Information

    Standard status
    Active
    Size
    33,000 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 204 & 206 Production Drive Contact us

    We can help!

    Listing Contact
    Bruce Isaac, SIOR, CCIM

    Listing agent Bruce Isaac, SIOR, CCIM License #KY #182312

    Listing office

    Listing date Jun 1, 2026

    Source Naiisaac

    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 Bruce Isaac, SIOR, CCIM

    HighLights

    • Up to ±33,000 SF industrial space for sublease in Lincoln Parkway Industrial Center (Building 204: ±21,000 SF and Building 206: ±12,000 SF portion).
    • Building 204 includes ±2,600 SF office/showroom space and ceiling heights of 14'–18'.
    • Building 206 portion features ceiling heights of 18'–20'.
    • Close to the Western Kentucky Parkway and I‑65 intersection with traffic counts of 52,255 VPD on I‑65 and 33,966 VPD on Western KY Parkway.
    • ±12‑minute drive to the BlueOval SK Battery Park and ±15‑minute drive to TJ Patterson Industrial Park (542 AC).
    • Taxes and insurance estimated at $0.50 PSF; tenant responsible for lawn care, snow removal, etc.

    Overview

    Available for sublease within Lincoln Parkway Industrial Center, Buildings 204 and 206 offer up to +/-33,000 SF of industrial flex space. Building 204 includes +/-21,000 SF with an added +/-2,600 SF office/showroom area, with 14'-18' ceiling height. Building 206 provides a +/-12,000 SF portion with 18'-20' ceiling height, supporting a range of light industrial and distribution-oriented requirements.

    The location provides close proximity to the Western Kentucky Parkway and the I-65 intersection. Traffic counts near the site are reported at 52,255 VPD on I-65 and 33,966 VPD on the Western KY Parkway. Elizabethtown also has access to I-65, the Bluegrass Parkway, and the Western KY Parkway.

    This space can be a practical fit for operators needing both warehouse and dedicated office/showroom functionality within a multi-building industrial center. Tenant responsibilities include lawn care and snow removal, and taxes and insurance are estimated at $0.50 PSF. The nearby BlueOval SK Battery Park and TJ Patterson Industrial Park further support demand for industrial users in the regional logistics and manufacturing ecosystem.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethtown
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.8394207
    Latitude
    37.657835

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    FAQs

    What type of property is this?
    Flex space - Sublease up to 33,000 SF with office/showroom and varying ceiling heights near major highway access.
    Where is this flex space located?
    The property is located at 204 & 206 Production Drive Elizabethtown, KY.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: Up to ±33,000 SF industrial space for sublease in Lincoln Parkway Industrial Center (Building 204: ±21,000 SF and Building 206: ±12,000 SF portion).; Building 204 includes ±2,600 SF office/showroom space and ceiling heights of 14'–18'.; Building 206 portion features ceiling heights of 18'–20'.
    (859) 221-4438
    We can help!
    Listing Contact
    Bruce Isaac, SIOR, CCIM
    Real Estate License ID: KY #182312
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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