I-1 Zoned Flex
112 Westhampton Drive Lexington, KY 40511
For Sale
$1,650,000
Pending
COMMERCIAL - Lexington, KY
Property Size10,175 SF
Lot Size1.46 Acres
Days on Market307
Property Features for 112 Westhampton Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Pending
APN
20073970
Size
10,175 SF
Lot size
1.46 Acres
Building Details
Year built
2001
Floors in Building
1
Listing Agency:
The Gibson Company
(859) 224-8833
Listed By:
Ed Richardson · License #209184
(859) 559-3456
Added: Sep 24, 2025
Changed: Jul 15
Last Checked: Jul 27 at 6:06PM
MLS# 25502176
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This I-1 zoned building offers a well-appointed mix of office, lab, and warehouse space in a climate-controlled facility. The office area includes 13 offices, two conference rooms, a break room, and lab space with a clean room. The clean room is supported by a dedicated HVAC and filtration system. Warehouse operations include one drive-in door, and three-phase power is available.
The property is situated on 1.46 acres and provides easy access to New Circle Rd and Citation Blvd.
Overall, the space is designed to support coordinated back-office and lab activities alongside warehouse storage and loading through the single drive-in door.
The property is situated on 1.46 acres and provides easy access to New Circle Rd and Citation Blvd.
Overall, the space is designed to support coordinated back-office and lab activities alongside warehouse storage and loading through the single drive-in door.
Key Highlights
- 10,175 s.f. I‑1 Zoned building on 1.46 acres
- Well‑appointed office space with 13 offices, two conference rooms, and a break room
- Lab space with clean room featuring a dedicated HVAC and filtration system
Financial Insights For Office B
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 | $195.4k | $19.20 |
| − Vacancy | −$27.0k | −$2.65 |
| EGI | $168.4k | $16.55 |
| − OpEx | −$42.1k | −$4.14 |
| NOI | $126.3k | $12.41 |
10,175 SF · lease $19.20/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.80M
$1.58M – $2.11M
NOI $126,300 @ 7.0% cap · market cap 7.65%
Second Best
Warehouse
$1.05M
$914.6K – $1.22M
NOI $73,168 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,692 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse includes climate-controlled office, lab/clean room, and warehouse space with a drive-in door.
Where is this flex space located?
The property is located at 112 Westhampton Drive Lexington, KY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 10,175 s.f. I‑1 Zoned building on 1.46 acres; Well‑appointed office space with 13 offices, two conference rooms, and a break room; Lab space with clean room featuring a dedicated HVAC and filtration system
