Standalone Flex
For Sale
$1,350,000
250 Crossfield Drive, Versailles, KY 40383
Commercial Sale, Versailles, KY
Property Size9,250 SF
Lot Size0.80 Acres
Price / SF$145.95
Days on Market94
Property Features for 250 Crossfield Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-1
Subdivision
Commercial
Directions
From downtown Lexington, take Versailles Road (US 60 W) west out of the city. Continue on US 60 W for approximately 11 miles. Turn right onto Crossfield Drive. Continue for 0.2 miles, and 250 Crossfield Drive will be on your left.
Standard status
Active
APN
30-8002-004-02
Size
9,250 SF
Lot size
0.80 Acres
Utilities
Sewer type
Public Sewer
Building Details
Year built
1989
Listing Agency:
Keller Williams Commonwealth · Keller Williams Realty
(859) 721-2121
Listed By:
Bryan Little · License #217370
(859) 619-4969
Added: Jul 15
Changed: Oct 6
Last Checked: Oct 16 at 9:06PM
MLS# 26018554
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 250 Crossfield Drive in Versailles, this standalone flex property contains 9,250 square feet within a 0.797-acre site. The building combines 3,840 square feet of office area with 5,410 square feet of warehouse space, creating a practical mix of administrative and operational areas. Built in 1989, the property also includes new site improvements and public sewer service.
The site is adjacent to Kroger Marketplace and provides convenient access to US-60, also known as the Versailles Bypass. Its layout is suited to office, warehouse, service, and flex uses, with potential for outdoor storage.
The site is adjacent to Kroger Marketplace and provides convenient access to US-60, also known as the Versailles Bypass. Its layout is suited to office, warehouse, service, and flex uses, with potential for outdoor storage.
Key Highlights
- 9,250 SF standalone flex property on a 0.797‑acre site
- 3,840 SF of office space paired with 5,410 SF of warehouse space
- Adjacent to Kroger Marketplace with access to US‑60 (Versailles Bypass)
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Under-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
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
Similar Off Market Nearby
- sisters & friends catering — 229 Lexington Rd, Versailles, KY 40383
Frequently Asked Questions
What type of property is this?
Flex space - Combined office and warehouse configuration supports flexible commercial, service, and storage operations.
Where is this flex space located?
The property is located at 250 Crossfield Drive 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 standalone flex property on a 0.797‑acre site; 3,840 SF of office space paired with 5,410 SF of warehouse space; Adjacent to Kroger Marketplace with access to US‑60 (Versailles Bypass)
