Renovated Flex Warehouse with
230 Industry Pkwy Nicholasville, KY 40356
230 Industry Pkwy, Nicholasville, KY, 40356
$725,000
For Sale
$725,000
Completely renovated I-1 industrial building with office and warehouse space, including multiple 12-ft doors and interior garage separation.
Property Size7,859 SF
Price / SF$92.25
Days on Market154
Property Features for 230 Industry Pkwy
General Information
- Standard status
- Active
- Size
- 7,859 SF
- Property subtype
- Warehouse
Building Details
- Year Built
- 1986
Properties For Sale
at 230 Industry Pkwy Contact us
Listing agency
SVN Stone Commercial Real Estate
(859) 806-1591
Listed by
Travis Rose
(859) 806-1591
Source
Thebrokerlist
Added: Feb 18 Updated: Jul 21 at 6:15AM Checked: Jul 21 at 6:15AM
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.
Completely renovated and move-in ready, this I-1 industrial building combines office and warehouse space under one roof. The office portion includes eight offices, a reception area, a conference room, a kitchen/break area, and six bathrooms, with updates that include new flooring, fresh paint, updated bathrooms, and lighting. The warehouse area has clean, recently painted finishes with 16-foot ceilings, new LED lighting, two suspended gas heaters, and a single-bathroom. Operational flexibility is supported by three (12-ft) doors and an interior garage door that can help separate the warehouse into two spaces.
The exterior includes new landscaping, parking lot striping, gutters, and a fresh coat of paint, along with an attractive brick front façade and a large yard.
Located at 230 Industry Pkwy in Nicholasville, Kentucky, this property offers an on-site mix of office and warehouse improvements suitable for businesses seeking a renovated, functional layout.
The exterior includes new landscaping, parking lot striping, gutters, and a fresh coat of paint, along with an attractive brick front façade and a large yard.
Located at 230 Industry Pkwy in Nicholasville, Kentucky, this property offers an on-site mix of office and warehouse improvements suitable for businesses seeking a renovated, functional layout.
Key Highlights
- 7,859 SF I‑1 industrial building (built 1986) in Nicholasville, KY, offering 3,354 SF office and 4,505 SF warehouse.
- Completely renovated office with 8 offices, reception area, conference room, kitchen/break area, and updated finishes including new flooring, paint, lighting, and 6 bathrooms.
- Warehouse features 16 ft ceilings, new LED lighting, 2 suspended gas heaters, and 3 (12 ft) doors.
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 | $70.7k | $9.00 |
| − Vacancy | −$4.2k | −$0.54 |
| EGI | $66.5k | $8.46 |
| − OpEx | −$10.0k | −$1.27 |
| NOI | $56.5k | $7.19 |
7,859 SF · lease $9.00/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,510 @ 7.0% cap · market cap 15.24%
Second Best
Warehouse
$807.3K
$706.4K – $941.9K
NOI $56,514 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,425 @ 7.0% cap · market cap 19.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Paul Davis Restoration ...
Hardware & Home Improvement
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 - Completely renovated I-1 industrial building with office and warehouse space, including multiple 12-ft doors and interior garage separation.
Where is this flex space located?
The property is located at 230 Industry Pkwy Nicholasville, KY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 7,859 SF I‑1 industrial building (built 1986) in Nicholasville, KY, offering 3,354 SF office and 4,505 SF warehouse.; Completely renovated office with 8 offices, reception area, conference room, kitchen/break area, and updated finishes including new flooring, paint, lighting, and 6 bathrooms.; Warehouse features 16 ft ceilings, new LED lighting, 2 suspended gas heaters, and 3 (12 ft) doors.
