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Property profile & analytics
OFF-MARKET
Commercial real estate

40 Kingbrook Pkwy Simpsonville, KY 40067-5674

5.23 ac lot
Individually Owned 20-yr Hold ~ Est. High Equity
Property ID
US34-1514145
Property summary
AI-generated overview

The Lanham Building presents a unique opportunity to acquire a Class A, single-tenant industrial property in the thriving Simpsonville, KY submarket. This 31,714 square foot building, constructed in 2018, sits on a 5.23-acre lot within the Kingbrook Commerce Park, offering convenient access to I-64, strategically positioned between Louisville and Lexington, KY. The property boasts a versatile design encompassing warehouse, flex, and R&D space, ideal for a variety of uses. The warehouse area totals 9,000 square feet, currently leased at $9 per square foot. An additional 2,814 square feet of office space is available at $15 per square foot. The building features three drive-in doors for efficient loading and unloading. Power is provided by a robust 3-phase, 4-wire, 208/120V, 800A service, supplemented by additional 200A panels. The property is zoned I-1 and its Shelby County location offers access to a skilled workforce and strong regional infrastructure. This single-story building represents a compelling investment opportunity in a rapidly growing area. The property's location within Kingbrook Commerce Park provides excellent visibility and accessibility, making it an attractive option for businesses seeking a modern and functional industrial space. The combination of ample warehouse space, dedicated office area, and robust power supply makes this property exceptionally well-suited for a variety of industrial and logistical operations. The property's APN is 015-00-052G.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 5.23 ac (227,732 SF)
APN 015-00-052G
UPID US34-1514145
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Shady Rays Warehouse & Storage
  • Lanham Insulation Inc General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
James Daniel Lanham · 20 yrs held
James Daniel Lanham
since 2006
2 recorded transactions
2021
Price N/A
2006
$330,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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