For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lexington Commercial Building For Sale Title is generated by Realmo AI

    112 Westhampton Drive, Lexington, KY 40511

    View on Map
    Claim this Listing
    For Sale
    $1,650,000

    COMMERCIAL - Lexington, KY

    Property size:
    10,175 SF
    Lot size:
    1.46 Acres
    Price / SF:
    $162/SF
    Added:
    Sep 24, 2025
    Days on Market:
    260
    Last Refresh:
    Jun 10 at 4:06 am

    Property Features for 112 Westhampton Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    20073970
    Size
    10,175 SF
    Lot size
    1.46 Acres

    Building Details

    Year built
    2001
    Floors in Building
    1

    We can help!

    Listing Contact
    Ed Richardson
    Ed Richardson

    Listing agent Ed Richardson License #209184

    Listing office The Gibson Company 1050 Monarch St, Suite 200, Lexington, KY

    Listing date Sep 24, 2025

    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.

    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
    • Warehouse space with one drive‑in door
    • Climate‑controlled building with three‑phase power
    • Easy access to New Circle Rd and Citation Blvd

    Overview

    The property is a 10,175 square foot building situated on 1.46 acres. It is zoned I-1 and features well-appointed office space, including 13 offices, two conference rooms, a break room, and lab space with a clean room. The property also includes warehouse space with one drive-in door. The building is climate controlled, and the clean room has a dedicated HVAC and filtration system. Three-phase power is available. The property offers convenient access to New Circle Road and Citation Boulevard and is located in Lexington, KY.

    Local 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 (±1% cap)
    NOI $126,300 @ 7.0% cap · market cap 7.65%
    Second Best
    Warehouse
    $1.05M
    $914.6K – $1.22M (±1% cap)
    NOI $73,168 @ 7.0% cap · market cap 4.43%
    Theoretical Best
    Office A
    $2.11M
    $1.85M – $2.46M (±1% cap)
    NOI $147,692 @ 7.0% cap · market cap 8.95%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lexar Laboratories & Analysis, ... Medical Laboratory

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Auto Repair Shop Big Box & Wholesale Store Hair Salon Gym & Fitness Center Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Firehouse Subs Leestown — 1781 Sharkey Way, Lexington, KY 40511
    • Lexington KY Caterers-Smokin' Jax Grill BBQ Caterers — 2408 Merchant St, Lexington, KY 40511
    • Miss Milolo cuisine — 1718 Sharkey Way, Lexington, KY 40511

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.539834
    Latitude
    38.079014

    FAQs

    What type of property is this?
    Flex space - 10,175 SF I-1 Zoned building on 1.46 acres.
    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
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message