1040 Manchester Street Lexington, KY 40508
COMMERCIAL - Lexington, KY
Property Features for 1040 Manchester Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Pending
- APN
- 14101654
- Size
- 11,578 SF
- Lot size
- 0.80 Acres
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Building materials
- Block
- Roof type
- Shingle
Listing agent Gregory Leveridge License #215416 (859) 421-8959
Listing office Block + Lot Homes 133 W Short St, Lexington, KY (859) 309-0099
Listing date Apr 13, 2026
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Investment Insights
Based on property information with market context.
Key Highlights
- High demand/low supply 11,578 SF flex building on approximately 1 acre in the desirable Manchester Street corridor.
- Functional division of polished office space (conference rooms, restrooms, copy room) and warehouse space with loading dock and large truck access.
- Central Lexington location near New Circle Road, Downtown, and Interstate access in the Distillery District.
Local Financial Insights For Flex RnD
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 | $152.8k | $13.20 |
| − Vacancy | −$10.7k | −$0.92 |
| EGI | $142.1k | $12.28 |
| − OpEx | −$49.7k | −$4.30 |
| NOI | $92.4k | $7.98 |
Alternative Uses
Property Analytics
Current Use by Public Records
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