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    Free-Standing Industrial Facility with Office Title is generated by Realmo AI

    40 Triplett Drive, London, KY 40744

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    Industrial building with high-clearance warehouse space and built-out climate-controlled office areas.

    Type:Industrial
    Property size:
    30,000 SF
    Lot size:
    3.01 Acres
    Price / SF:
    $83/SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 2:45 am

    Property Features for 40 Triplett Drive

    General Information

    Standard status
    Active
    Size
    30,000 SF
    Lot size
    3.01 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    2017

    We can help!

    Listing Contact
    Alaina Stokes

    Listing agent Alaina Stokes License #KY 74753

    Listing office Block + Lot

    Listing date Jun 1, 2026

    Source Crexi

    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 Block + Lot

    HighLights

    • 2017‑built, free‑standing 30,000 SF industrial facility in London, KY’s Fariston Industrial Park on 3.01 acres
    • Warehouse/manufacturing area includes 30’ clear height and 6” concrete floors
    • Loading access: four dock doors with levelers plus one 14’ x 14’ drive‑in door
    • 2,177 SF climate‑controlled office space with reception, three private offices, break room, and conference room
    • Office front windows provide natural light, with the building offering 27,823 SF of warehouse/manufacturing space
    • Just off US Highway 25; less than 4 miles to I‑75 Exits 38 (London) and 29 (Corbin); optional additional parking/outdoor storage on a 0.86 site

    Overview

    40 Triplett Drive is a free-standing industrial facility in London, KY’s Fariston Industrial Park, offering 30,000 SF on 3.01 acres. The building includes 2,177 SF of climate-controlled office space and approximately 27,823 SF of warehouse/manufacturing area. The warehouse features 30’ clear height, 6” concrete floors, four dock doors with levelers, and one 14’ x 14’ drive-in door. The office component is laid out with a reception area, three private offices, a break room, and a conference room, with windows along the front providing natural light.

    The property is located just off US Highway 25 within Fariston Industrial Park. It also sits within a short drive of Interstate 75, including less than four miles to I-75 Exit 38 (London) and Exit 29 (Corbin). An additional 0.86 site may be made available for additional parking or outdoor storage.

    This configuration supports users who need a functional mix of warehouse production or storage and dedicated office space onsite. With multiple loading options, durable warehouse flooring, and substantial clear height, the facility can work well for light manufacturing, distribution, or other industrial operations that benefit from having customer-facing and administrative space separate from the work area.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    London
    County
    Laurel
    State
    Kentucky
    Longitude
    -84.0457
    Latitude
    37.056

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    FAQs

    What type of property is this?
    Flex space - Industrial building with high-clearance warehouse space and built-out climate-controlled office areas.
    Where is this flex space located?
    The property is located at 40 Triplett Drive London, KY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 2017‑built, free‑standing 30,000 SF industrial facility in London, KY’s Fariston Industrial Park on 3.01 acres; Warehouse/manufacturing area includes 30’ clear height and 6” concrete floors; Loading access: four dock doors with levelers plus one 14’ x 14’ drive‑in door
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Alaina Stokes
    Real Estate License ID: KY 74753
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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