Climate-Controlled Industrial
For Sale
Contact for pricing
311 Corporate Court, Shelbyville, KY 40065
Freestanding industrial facility with climate control, I-1 zoning, and access to I-64.
Property Size8,000 SF
Lot Size2.60 Acres
Price / SF$212.50
Days on Market15
Property Features for 311 Corporate Court
General Information
Standard status
Active
Size
8,000 SF
Total Parking Spaces
20
Lot size
2.60 Acres
Property subtype
Industrial
Zoning
I-1
Investment Type
Owner/User
Warehouse & Industrial
Warehouse Space
8,000 SF
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
2022
Buildings
1
Listing Agency:
85W Real Estate
(502) 294-3811
Listed By:
Karan Singh · License #291704
Source:
Crexi
Added: Jul 27
Changed: Aug 9
Last Checked: Aug 9 at 6:06AM
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 85W Real Estate
Investment Insights
Based on property information with market context.
Built in 2022, this freestanding industrial warehouse contains 8,000 square feet on 2.6 acres. Climate-controlled space supports industrial operations, while I-1 zoning establishes the property’s industrial land-use designation. The asset also includes an existing tenant relationship, offering flexibility for an owner-user or continued occupancy arrangement.
The property is located at 311 Corporate Court in Shelbyville, Kentucky, with direct access to I-64. Its placement provides a connection to the regional transportation corridor for logistics, distribution, and light industrial activity. The site combines a modern construction date, industrial zoning, acreage, and highway access in a compact warehouse property.
The property is located at 311 Corporate Court in Shelbyville, Kentucky, with direct access to I-64. Its placement provides a connection to the regional transportation corridor for logistics, distribution, and light industrial activity. The site combines a modern construction date, industrial zoning, acreage, and highway access in a compact warehouse property.
Key Highlights
- 8,000 SF freestanding warehouse built in 2022
- Climate‑controlled industrial facility
- Situated on 2.6 acres
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
$68,666
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
4.04%
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%
$1,373,320
$1.4M
Cap Rate 7%
$980,943
$980.9K
Cap Rate 9%
$762,956
$763.0K
Market Conditions
NOI Build-Up for 8,000 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
$86.4K $10.80/SF
− Vacancy
−$5.6K −$0.70/SF
EGI
$80.8K $10.10/SF
− OpEx
−$12.1K −$1.51/SF
NOI
$68.7K $8.58/SF
Area
Shelby 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 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%
$1,373,320
Cap Rate 7%
$980,943
Cap Rate 9%
$762,956
Alternative Uses
Best Use
Warehouse
$980.9K
$858.3K – $1.14M
NOI $68,666 @ 7.0% cap · market cap 4.04%
Second Best
Industrial
$782.5K
$684.7K – $913.0K
NOI $54,778 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,057 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 40065, KY
32,729
Population
12,943
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
85%
High-School Grad
167.5 sq mi
ZIP Area
195
Density / Sq Mi
$76,813
Median Household Income
$40,767
Median Earnings
$1,002
Median Rent
$254,200
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.
Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding industrial facility with climate control, I-1 zoning, and access to I-64.
Where is this warehouse located?
The property is located at 311 Corporate Court Shelbyville, KY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 8,000 SF freestanding warehouse built in 2022; Climate‑controlled industrial facility; Situated on 2.6 acres
