Workshop on Corner Building
Lot 20 Rineyville School Rd Rineyville, KY 40162
For Sale
$180,000
Corner building lot with a heated, insulated workshop featuring an office space and concrete floors.
Property Size2,040 SF
Price / SF$88.24
Days on Market37
Property Features for Lot 20 Rineyville School Rd
General Information
- Standard status
- Active
- Size
- 2,040 SF
- Property subtype
- Land
Listing Agency:
Weichert Realtors Lawson Collective
(270) 268-6894
Listed By:
Tracey Cecil-Simpson
(270) 268-6894
Source:
Exprealty
Added: Jun 17
Changed: Jul 23
Last Checked: Jul 23 at 1:38PM
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 Weichert Realtors Lawson Collective
Investment Insights
Based on property information with market context.
This corner building lot includes a 2,040-square-foot workshop complete with an office space. The workshop has concrete floors and is insulated and heated, creating a functional, year-round interior for work and storage needs.
The property is located on Rineyville School Rd in Rineyville, Kentucky, with access and visibility afforded by its corner positioning.
The available improvements are centered on the workshop configuration, combining a dedicated office area with the main work/storage space.
The property is located on Rineyville School Rd in Rineyville, Kentucky, with access and visibility afforded by its corner positioning.
The available improvements are centered on the workshop configuration, combining a dedicated office area with the main work/storage space.
Key Highlights
- Corner building lot on Rineyville School Rd
- Includes a 2,040 SF workshop with office space
- Workshop has concrete floors and is insulated
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.6k | $8.64 |
| − Vacancy | −$1.2k | −$0.59 |
| EGI | $16.4k | $8.05 |
| − OpEx | −$2.5k | −$1.21 |
| NOI | $14.0k | $6.84 |
2,040 SF · lease $8.64/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$199.5K
$174.5K – $232.7K
NOI $13,963 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.3K
$323.1K – $430.9K
NOI $25,851 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar Off Market Nearby
- Rineyville Mini Storage — 101 Sage Ct, Rineyville, KY 40162
- Affordable Storage Guys - Rineyville — 53 Sage Ct, Rineyville, KY 40162
FAQs
What type of property is this?
Warehouse - Corner building lot with a heated, insulated workshop featuring an office space and concrete floors.
Where is this warehouse located?
The property is located at Lot 20 Rineyville School Rd Rineyville, KY.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Corner building lot on Rineyville School Rd; Includes a 2,040 SF workshop with office space; Workshop has concrete floors and is insulated
