Warehouse with Office and Overhead
220 Industry Pkwy Nicholasville, KY 40356
220 Industry Pkwy, Nicholasville, KY, 40356
Contact for pricing
For Sale
Contact for pricing
Industrial building with warehouse and fully climate-controlled office space, heated warehouse, heavy three-phase power, and three 14-foot overhead doors.
Property Size5,400 SF
Lot Size0.70 Acres
Price / SF$113.89
Days on Market124
Property Features for 220 Industry Pkwy
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Lot size
- 0.70 Acres
- Property subtype
- Industrial
Listing agency
SVN | Stone Commercial Real Estate
(859) 806-1591
Listed by
Travis Rose · License #KY
Source
Crexi
Added: Mar 20 Updated: Jul 21 at 7:17AM Checked: Jul 21 at 7:17AM
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 SVN | Stone Commercial Real Estate
Investment Insights
Based on property information with market context.
This warehouse property includes a combination of warehouse and office space within a block-constructed industrial building. The warehouse area features three new 14-foot overhead doors and 15-foot ceilings, and it is heated with suspended gas heaters. The office portion is fully climate controlled and the building has two restrooms. Heavy three-phase power is in place to support industrial and light manufacturing activity.
The property is located at 220 Industry Parkway in Nicholasville, Kentucky, on a 0.7-acre lot. A roof replacement was installed approximately two years ago.
The layout is designed to support operational needs that require both functional warehouse space and climate-controlled office space, with direct warehouse access via the three overhead doors.
The property is located at 220 Industry Parkway in Nicholasville, Kentucky, on a 0.7-acre lot. A roof replacement was installed approximately two years ago.
The layout is designed to support operational needs that require both functional warehouse space and climate-controlled office space, with direct warehouse access via the three overhead doors.
Key Highlights
- 5,400 SF industrial building on a 0.7‑acre lot at 220 Industry Parkway in Nicholasville, KY
- Warehouse includes three new 14‑foot overhead doors and 15‑ft ceilings
- Heavy three‑phase power available for industrial and light manufacturing uses
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.6k | $9.00 |
| − Vacancy | −$2.9k | −$0.54 |
| EGI | $45.7k | $8.46 |
| − OpEx | −$6.9k | −$1.27 |
| NOI | $38.8k | $7.19 |
5,400 SF · lease $9.00/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$554.7K
$485.4K – $647.2K
NOI $38,831 @ 7.0% cap · market cap 6.31%
Second Best
Industrial
$456.8K
$399.7K – $533.0K
NOI $31,979 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,800 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pro Diesel Llc
Auto Repair Shop
Chesnut Tom Excavation ...
Construction Company
Similar For Sale Nearby
Similar Off Market Nearby
- The Roadside Kitchen LLC — 1000 Park Central Ave STE C, Nicholasville, KY 40356
FAQs
What type of property is this?
Flex space - Industrial building with warehouse and fully climate-controlled office space, heated warehouse, heavy three-phase power, and three 14-foot overhead doors.
Where is this flex space located?
The property is located at 220 Industry Pkwy Nicholasville, KY.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 5,400 SF industrial building on a 0.7‑acre lot at 220 Industry Parkway in Nicholasville, KY; Warehouse includes three new 14‑foot overhead doors and 15‑ft ceilings; Heavy three‑phase power available for industrial and light manufacturing uses
