Industrial Condo with Loading
For Sale
$300,000
6333 Midland Industrial Dr, Shelbyville, KY 40065
The end-cap unit includes dual drive-in access, upgraded electrical outlets and lighting, and a two-fixture restroom.
Property Size2,400 SF
Price / SF$125
Days on Market29
Property Features for 6333 Midland Industrial Dr
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Industrial
Zoning
I-1
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
2,400 SF
Dock-High Doors
1
Drive-In Doors
2
Amenities
Power
Water
Sewer
Building Details
Year Built
2001
Listing Agency:
Homepage Realty
Listed By:
Amanda Helfrich · License #222813
(502) 807-7319
Source:
Kcrea.resimplifi
Added: Sep 16
Changed: Oct 13
Last Checked: Oct 13 at 2:16AM
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 Homepage Realty
Investment Insights
Based on property information with market context.
This 2,400-square-foot industrial condominium unit was built in 2001 and is zoned I-1. The end-cap space has two drive-in doors, one loading dock, upgraded electrical outlets and lighting, and a two-fixture restroom. The unit is separately metered. It is currently open to and connected with the adjacent unit; if sold separately, the spaces will require separation for independent use.
The property is at 6333 Midland Industrial Dr in Shelbyville, with access to US-55 and the Shelbyville Bypass. Water service from this unit currently extends to the adjacent unit. Separate ownership would require restoration of that unit’s water service, including work on the line associated with a prior leak.
The property is at 6333 Midland Industrial Dr in Shelbyville, with access to US-55 and the Shelbyville Bypass. Water service from this unit currently extends to the adjacent unit. Separate ownership would require restoration of that unit’s water service, including work on the line associated with a prior leak.
Key Highlights
- 2,400 SF industrial condominium unit
- Two drive‑in doors and one loading dock
- I‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,600
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,000
$412.0K
Cap Rate 7%
$294,286
$294.3K
Cap Rate 9%
$228,889
$228.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$25.9K $10.80/SF
− Vacancy
−$1.7K −$0.70/SF
EGI
$24.2K $10.10/SF
− OpEx
−$3.6K −$1.51/SF
NOI
$20.6K $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%
$412,000
Cap Rate 7%
$294,286
Cap Rate 9%
$228,889
Alternative Uses
Best Use
Warehouse
$294.3K
$257.5K – $343.3K
NOI $20,600 @ 7.0% cap · market cap 6.87%
Second Best
Flex RnD
$276.5K
$242.0K – $322.6K
NOI $19,356 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$506.0K
$442.7K – $590.3K
NOI $35,417 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Under-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Space Center Storage — 1990 Midland Trail, Shelbyville, KY 40065
Frequently Asked Questions
What type of property is this?
Warehouse - The end-cap unit includes dual drive-in access, upgraded electrical outlets and lighting, and a two-fixture restroom.
Where is this warehouse located?
The property is located at 6333 Midland Industrial Dr Shelbyville, KY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,400 SF industrial condominium unit; Two drive‑in doors and one loading dock; I‑1 zoning
