Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3614 Preston Hwy Shepherdsville, KY 40165

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A industrial buildings available for lease or build-to-suit.

    Type:Industrial
    Property size:
    187,200 SF
    Added:
    Jul 30, 2024
    Days on Market:
    629
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 3614 Preston Hwy

    General Information

    Standard status
    Active
    Size
    187,200 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2024

    Spaces For Lease

    at 3614 Preston Hwy Contact us

    We can help!

    Listing Contact
    Jake Mills
    Jake Mills

    Listing agent Jake Mills License #KY 243625

    Listing office Cushman & Wakefield Commercial Kentucky

    Listing date Jul 30, 2024

    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 Cushman & Wakefield Commercial Kentucky

    Overview

    New Class A Warehouse Buildings

    Two new Class A buildings are available for lease or build-to-suit. Located approximately 1.5 miles from I-65, the property is situated between the Ohm Drive and Highway 245 interchanges. Building I offers 187,200 square feet of space, featuring nineteen fully equipped docks, two drive-in doors, a 32-foot clear height, an ESFR sprinkler system, typical column spacing of 54 feet by 50 feet, 60-foot speed bays, and 1,600 amps. Building II provides 120,880 square feet, with thirteen fully equipped docks, two drive-in doors, a 32-foot clear height, an ESFR sprinkler system, typical column spacing of 54 feet by 50 feet, 60-foot speed bays, and 1,600 amps.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Auto Repair Shop Hair Salon Department Store Discount Store Pet Grooming Service Parking Lot & Garage

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

    Similar Places Nearby

    • Beech Grove Storage — 204 Old Ford Rd, Shepherdsville, KY 40165
    • Cedar Grove Storage — 215 CHARLES HAMILTON WAY, Shepherdsville, KY 40165

    Location Insight

    • Map
    • Local Demand
    City
    Shepherdsville
    County
    Bullitt
    State
    Kentucky
    Longitude
    -85.70043
    Latitude
    37.93807

    Nearby Similar for Lease

    • Contact for pricing

      Shepherdsville Warehouse with Interstate Visibility

      468,700± SF warehouse space with easy access to I-65.
      Velocity Way, Shepherdsville, KY, 40165
      View Details
    • Contact for pricing

      Retail Space in Shepherdsville

      Retail space available for lease in Shepherdsville, Kentucky.
      258 Keystone Crossroads Drive, Shepherdsville, KY, 40165
      View Details
    • Contact for pricing

      Retail Property Near Kroger

      Retail building with drive-thru, customizable for various uses.
      100 Lawrence Ln, Shepherdsville, KY
      View Details
    • Contact for pricing

      Industrial Property in Shepherdsville, KY

      Industrial property available for rent in Shepherdsville, Kentucky.
      700 Omega Parkway, Shepherdsville, KY, 40165
      View Details
    • Contact for pricing

      Shepherdsville Warehouse Space Available

      Industrial warehouse space available for lease in Shepherdsville, Kentucky.
      548 Cedar Grove Road, Shepherdsville, KY
      View Details
    • Contact for pricing

      Retail Space in Shepherdsville

      Neighborhood center anchored by Big Lots, 15 miles from Louisville.
      445 KY 44 , Shepherdsville, KY
      View Details
    • Contact for pricing

      Modern Distribution Facility Available

      Class A distribution facility in Shepherdsville, Kentucky for lease.
      1004 E Blue Lick Rd, Shepherdsville, KY
      View Details
    • $6/mo

      Warehouse Space For Sublease

      Warehouse/storage space available for sublease with 36' clear heights.
      458 Pope Farm Blvd, Shepherdsville, KY
      View Details
    • $4/mo

      Shepherdsville Warehouse Space Available

      20,000 SF warehouse space with adaptable configurations and versatile loading.
      100 Frank E Simon Ave, Shepherdsville, KY 40165
      View Details
    • Contact for pricing

      Shepherdsville Office Building For Rent

      Three-story office building in Shepherdsville, KY, near I-65.
      100 Frank E Simon Ave, Shepherdsville, KY 40165
      View Details

    FAQs

    What type of property is this?
    Warehouse - Class A industrial buildings available for lease or build-to-suit.
    Where is this warehouse located?
    The property is located at 3614 Preston Hwy Shepherdsville, KY.
    What are key features of this property?
    This property features: Strategic Location: Just 1.5 miles from I‑65, between Ohm Drive and Highway 245 interchanges.; New Class A Buildings: Benefit from modern, high‑quality construction.; High Capacity: Building I (187,200 sf) and Building II (120,880 sf) offer substantial space.
    (502) 589-5150 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jake Mills
    Jake Mills
    Real Estate License ID: KY 243625
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!