Climate-Controlled Industrial
311 Corporate Ct, Shelbyville, KY 40065
For Sale
$1,400,000
Freestanding industrial facility with climate control, I-1 zoning, and access to I-64.
Property Size8,000 SF
Lot Size2.60 Acres
Price / SF$175
Days on Market109
Property Features for 311 Corporate Ct
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Warehouse & Industrial
Warehouse Space
Conditioned Warehouse
Additional Details
Highway Access
Amenities
Power
Water
Sewer
20 Parking Spaces
Building Details
Year Built
Listing Agency:
85W Real Estate
Listed By:
Karan Singh · License KY #291704
(502) 539-7295
Source:
Kcrea.resimplifi
Added: Jul 27
Changed: Nov 10
Last Checked: Nov 12 at 4:21AM
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
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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 / Yr
$68,666
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
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
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 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 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,088 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
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 Ct Shelbyville, KY.
What is the asking price?
The asking price for this property is $1,400,000.
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
