Industrial Building For
For Sale
Contact for pricing
3 Hoop Dr, Walton, KY 41094
Industrial building with global credit tenant, investment opportunity.
Property Size26,600 SF
Price / SF$209.74
Days on Market737
Property Features for 3 Hoop Dr
General Information
Standard status
Active
Size
26,600 SF
Property subtype
Industrial
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
NAI Bergman
Listed By:
Laurence Bergman · License #KY 47790
(513) 322-6307
Source:
Crexi
Added: Aug 30, 2024
Changed: Aug 27
Last Checked: Aug 28 at 9:52PM
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 NAI Bergman
Investment Insights
Based on property information with market context.
This industrial building, with a size of 26600 square feet, is available for sale. It presents an investment opportunity with a global credit tenant. A loan with a below-market interest rate is available for assumption.
Key Highlights
- Investment opportunity with a global credit tenant
- Loan with below market interest rate available for assumption
- Industrial building for sale
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
$165,220
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
2.96%
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%
$3,304,400
$3.3M
Cap Rate 7%
$2,360,286
$2.4M
Cap Rate 9%
$1,835,778
$1.8M
Market Conditions
NOI Build-Up for 26,600 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
$252.2K $9.48/SF
− Vacancy
−$16.1K −$0.61/SF
EGI
$236.0K $8.87/SF
− OpEx
−$70.8K −$2.66/SF
NOI
$165.2K $6.21/SF
Area
Boone County, KY
Vacancy
6.40%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$3,304,400
Cap Rate 7%
$2,360,286
Cap Rate 9%
$1,835,778
Alternative Uses
Best Use
Industrial
$2.36M
$2.07M – $2.75M
NOI $165,220 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.33M
$6.42M – $8.55M
NOI $513,274 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 41094, KY
14,480
Population
5,204
Households
2.8
Avg Household Size
35
Median Age
31%
College-Educated
93%
High-School Grad
42.1 sq mi
ZIP Area
344
Density / Sq Mi
$91,678
Median Household Income
$46,691
Median Earnings
$1,133
Median Rent
$264,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial building with global credit tenant, investment opportunity.
Where is this industrial property located?
The property is located at 3 Hoop Dr Walton, KY.
What is the asking price?
The asking price for this property is $5,579,000.
What are key features of this property?
This property features: Investment opportunity with a global credit tenant; Loan with below market interest rate available for assumption; Industrial building for sale
