Stand-Alone Flex
For Sale
$1,350,000
250 Crossfield Dr, Versailles, KY 40383
Office and warehouse configuration with separate work areas and access to US-60 near Kroger Marketplace.
Property Size9,250 SF
Lot Size0.80 Acres
Price / SF$145.95
Days on Market91
Property Features for 250 Crossfield Dr
General Information
Standard status
Active
Size
9,250 SF
Lot size
0.80 Acres
Property subtype
Commercial
Warehouse & Industrial
Warehouse Space
5,410 SF
Office Build-Out
3,840 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1989
Buildings
1
Building Size
9,250 SF
Listing Agency:
Keller Williams Commonwealth
Listed By:
Bryan Little · License #217370
(859) 619-4969
Source:
Centralkyhomesforsale
Added: Jul 15
Changed: Oct 7
Last Checked: Oct 12 at 7:45PM
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 Keller Williams Commonwealth
Investment Insights
Based on property information with market context.
This stand-alone flex property contains 9,250 SF across 3,840 SF of office space and 5,410 SF of warehouse space. Built in 1989, the building occupies a 0.797-acre site and offers a layout suited to office, warehouse, service, or flex operations. New site improvements are also in place, with potential for outdoor storage.
The property is located at 250 Crossfield Dr in Versailles, Kentucky, adjacent to Kroger Marketplace and near US-60, also known as the Versailles Bypass. Its combination of office and warehouse areas provides a practical format for businesses requiring both administrative and operational space.
The property is located at 250 Crossfield Dr in Versailles, Kentucky, adjacent to Kroger Marketplace and near US-60, also known as the Versailles Bypass. Its combination of office and warehouse areas provides a practical format for businesses requiring both administrative and operational space.
Key Highlights
- 9,250 SF stand‑alone office and warehouse property
- 3,840 SF of office space and 5,410 SF of warehouse space
- 0.797‑acre site with new site improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,517
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,330,340
$1.3M
Cap Rate 7%
$950,243
$950.2K
Cap Rate 9%
$739,078
$739.1K
Market Conditions
NOI Build-Up for 9,250 SF
Gross rent
$83.3K $9.00/SF
− Vacancy
−$5.0K −$0.54/SF
EGI
$78.3K $8.46/SF
− OpEx
−$11.7K −$1.27/SF
NOI
$66.5K $7.19/SF
Area
Woodford County, KY
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,330,340
Cap Rate 7%
$950,243
Cap Rate 9%
$739,078
Alternative Uses
Best Use
Office B
$1.86M
$1.63M – $2.17M
NOI $130,070 @ 7.0% cap · market cap 9.63%
Second Best
Warehouse
$950.2K
$831.5K – $1.11M
NOI $66,517 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$2.34M
$2.05M – $2.74M
NOI $164,102 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40383, KY
24,592
Population
10,431
Households
2.4
Avg Household Size
43
Median Age
42%
College-Educated
91%
High-School Grad
150.4 sq mi
ZIP Area
164
Density / Sq Mi
$80,444
Median Household Income
$42,365
Median Earnings
$998
Median Rent
$279,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse configuration with separate work areas and access to US-60 near Kroger Marketplace.
Where is this flex space located?
The property is located at 250 Crossfield Dr Versailles, KY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 9,250 SF stand‑alone office and warehouse property; 3,840 SF of office space and 5,410 SF of warehouse space; 0.797‑acre site with new site improvements
