Office and Warehouse Flex
For Sale
$1,350,000
250 Crossfield Drive, Versailles, KY 40383
COMMERCIAL - Versailles, KY
Property Size9,250 SF
Lot Size0.80 Acres
Price / SF$145.95
Days on Market48
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: Aug 4
Last Checked: Aug 31 at 6:06PM
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.
Investment Insights
Based on property information with market context.
Standalone office and warehouse property totaling 9,250 SF, with 3,840 SF designated office space and 5,410 SF designated warehouse space. The site spans 0.797 acres and is described as having a flexible layout, new site improvements, and potential for outdoor storage.
The property is located at 250 Crossfield Drive in Versailles, KY, adjacent to Kroger Marketplace, with convenient access to US-60 (Versailles Bypass).
This configuration supports a mix of office and warehouse needs within a single facility, with room for outdoor storage based on the site’s stated potential.
The property is located at 250 Crossfield Drive in Versailles, KY, adjacent to Kroger Marketplace, with convenient access to US-60 (Versailles Bypass).
This configuration supports a mix of office and warehouse needs within a single facility, with room for outdoor storage based on the site’s stated potential.
Key Highlights
- 9,250 SF stand‑alone office and warehouse on a 0.797‑acre site
- 3,840 SF office space and 5,410 SF warehouse space with a flexible layout
- Adjacent to Kroger Marketplace with convenient access to US‑60 (Versailles Bypass)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,517
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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
Jessamine 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,330,340
Cap Rate 7%
$950,243
Cap Rate 9%
$739,078
Alternative Uses
Best Use
Warehouse
$950.2K
$831.5K – $1.11M
NOI $66,517 @ 7.0% cap · market cap 4.93%
Second Best
Industrial
$782.6K
$684.7K – $913.0K
NOI $54,779 @ 7.0% cap · market cap 4.06%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- sisters & friends catering — 229 Lexington Rd, Versailles, KY 40383
Frequently Asked Questions
What type of property is this?
Flex space - Standalone office and warehouse offering 3,840 SF office and 5,410 SF warehouse on a 0.797-acre site.
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 stand‑alone office and warehouse on a 0.797‑acre site; 3,840 SF office space and 5,410 SF warehouse space with a flexible layout; Adjacent to Kroger Marketplace with convenient access to US‑60 (Versailles Bypass)
