284 Griffin Way, Mount Washington, KY 40047

Listing Agency: Colliers

Listed By: Taylor Thompson · License KY #276443 Show Phone

Source: Crexi

Added: Nov 3 Changed: Nov 8 Last Checked: Nov 8 at 5:38PM

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Investment Insights

Based on property information with market context.

This industrial warehouse property contains 30,000 square feet. It is located at 284 Griffin Way in Mount Washington, Kentucky 40047.

Key Highlights

• 30,000‑square‑foot industrial warehouse
• Located at 284 Griffin Way, Mount Washington, KY 40047

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$257,499

Cap Rate

6.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,149,980 $5.1M

Cap Rate 7%

$3,678,557 $3.7M

Cap Rate 9%

$2,861,100 $2.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 30,000 SF

Gross rent

$324.0K $10.80/SF

− Vacancy

−$21.1K −$0.70/SF

EGI

$302.9K $10.10/SF

− OpEx

−$45.4K −$1.51/SF

NOI

$257.5K $8.58/SF

Area

Bullitt County, KY

Vacancy

6.50%

Lease Rate

$10.80 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,149,980

Cap Rate 7%

$3,678,557

Cap Rate 9%

$2,861,100

Alternative Uses

Best Use

Warehouse

$3.68M

$3.22M – $4.29M (±1% cap)

NOI $257,499 @ 7.0% cap · market cap 6.52%

Second Best

Industrial

$2.93M

$2.57M – $3.42M (±1% cap)

NOI $205,418 @ 7.0% cap · market cap 5.20%

Theoretical Best

Office A

$7.34M

$6.43M – $8.57M (±1% cap)

NOI $514,080 @ 7.0% cap · market cap 13.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Smith's Laminating Shop, ... Kitchen & Bath Showroom

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Big Box & Wholesale Store Building Supply Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

115

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 40047, KY

23,597

Population

8,975

Households

2.6

Avg Household Size

39

Median Age

25%

College-Educated

93%

High-School Grad

29.9 sq mi

ZIP Area

789

Density / Sq Mi

$93,609

Median Household Income

$49,807

Median Earnings

$935

Median Rent

$259,600

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

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$550,000

6,426 SF

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Mount Washington, KY 40047

Contact for pricing

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Similar Off Market Nearby

• A-1 Storage LLC — 8969 Hwy 44 E, Mt Washington, KY 40047
• Storage Express — 143 Louise Way, Mt Washington, KY 40047

Frequently Asked Questions

What type of property is this?

Warehouse - The property is identified as an industrial facility with 30,000 square feet of space.

Where is this warehouse located?

The property is located at 284 Griffin Way Mount Washington, KY.

What is the asking price?

The asking price for this property is $3,950,000.

What are key features of this property?

This property features: 30,000‑square‑foot industrial warehouse; Located at 284 Griffin Way, Mount Washington, KY 40047