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101 John C Watts dr 10,000 SF 100% Leased Industrial Building Nicholasville, KY 40356 $2,500,000 ($250/SF) 5.62% Cap Rate
EXECUTIVE SUMMARY
Prime 5-Unit Flex Space for Sale – Versatile Investment Opportunity
Introducing a rare opportunity to own a fully customizable 5-unit flex space in a thriving commercial/industrial district. This New built well maintained property offers a total of 10,000sq/ft, divided into five individually metered units, perfect for owner-users, investors, contractors, or tenants in need of office, warehouse, or showroom space.
Included with the sale is an additional gravel lot located directly behind the building, offering outdoor storage, fleet parking, or future development potential.
Strategically located near 27 and bypass, with quick access to Lexington. Zoned for light/heavy industrial/commercial use.
PROPERTY HIGHLIGHTS
- 5 individually metered flex units – ideal for office, warehouse, or light/heavy industrial use
- Automatic Bay doors and high ceilings for each unit
- Offices with central air
- Easy access for deliveries, equipment, or storage
- Strong potential rental income or owner-occupant use
BONUS FEATURE
Additional gravel lot behind the building – perfect for:
• Outdoor storage
• Fleet vehicle parking
•Construction equipment
• Potential future expansion
• Build another building
• Water/sewer and Electric on the gravel lot
Introducing a rare opportunity to own a fully customizable 5-unit flex space in a thriving commercial/industrial district. This New built well maintained property offers a total of 10,000sq/ft, divided into five individually metered units, perfect for owner-users, investors, contractors, or tenants in need of office, warehouse, or showroom space.
Included with the sale is an additional gravel lot located directly behind the building, offering outdoor storage, fleet parking, or future development potential.
Strategically located near 27 and bypass, with quick access to Lexington. Zoned for light/heavy industrial/commercial use.
PROPERTY HIGHLIGHTS
- 5 individually metered flex units – ideal for office, warehouse, or light/heavy industrial use
- Automatic Bay doors and high ceilings for each unit
- Offices with central air
- Easy access for deliveries, equipment, or storage
- Strong potential rental income or owner-occupant use
BONUS FEATURE
Additional gravel lot behind the building – perfect for:
• Outdoor storage
• Fleet vehicle parking
•Construction equipment
• Potential future expansion
• Build another building
• Water/sewer and Electric on the gravel lot
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$140,400
|
$14.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$140,400
|
$14.04
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,000
|
$0.50
|
| Net Operating Income |
$135,400
|
$13.54
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $140,400 |
| Annual Per SF | $14.04 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $140,400 |
| Annual Per SF | $14.04 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $0.50 |
| Net Operating Income | |
|---|---|
| Annual | $135,400 |
| Annual Per SF | $13.54 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Wheelchair Accessible
- Storage Space
- Air Conditioning
UTILITIES
- Water - City
- Sewer - City
- Heating - Electric
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PROPERTY TAXES
| Parcel Number | 059-00-00-025.00 | Improvements Assessment | $0 |
| Land Assessment | $75,000 | Total Assessment | $75,000 |
PROPERTY TAXES
Parcel Number
059-00-00-025.00
Land Assessment
$75,000
Improvements Assessment
$0
Total Assessment
$75,000
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Olive Builders LLC
101 John C Watts dr
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