Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2350 Palumbo Dr Lexington, KY 40509

    For Lease
    $11 SF/Yr ($2,291 /Mo)

    COMMERCIAL - Lexington, KY

    Property size:
    2,500 SF
    Lot size:
    0.71 Acres
    Days on Market:
    91
    Last Refresh:
    Dec 11 at 9:06 pm

    Property Features for 2350 Palumbo Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    10478750
    Parking
    20
    Size
    2,500 SF
    Lot size
    0.71 Acres

    Building Details

    Year built
    1971
    Floors in Building
    1

    Block + Lot Real Estate 3090099

    Listing agent Peter Barr (859) 309-0099

    Listing date Sep 12, 2025

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Flex Space in Lexington

    The property at 2350 Palumbo Drive, Lexington, KY 40509, features a 2,500 SF flex space within a 15,000 SF flex/industrial facility. Constructed of concrete block in 1971 and renovated in 2012, the building is situated on a 0.71-acre lot zoned I-1 (Light Industrial). Suite 2350 offers a versatile layout with approximately 35% office space and 65% warehouse space. The office area includes two private offices, an open office/showroom, and a restroom. The warehouse portion is equipped with a 10' x 12' drive-in door, 3-phase electric, and a 16' clear height. The building provides approximately 20 parking spaces. Pylon and building signage are available for tenants. The property has a 16' clear height, a 10' x 12' drive-in door, and 3-phase electric. The location is between New Circle Road and Man O' War Blvd, offering close proximity to I-75/I-64.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Central Kentucky Microwave ... Appliance Repair Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.451997
    Latitude
    38.021715

    Nearby Similar for Lease

    • $650 /Mo
      30,492 SF

      Downtown Lexington Coworking Space

      Flexible private offices in downtown Lexington with various amenities.
      110 W Vine St, Lexington, KY 40507
      View Details
    • $650 /Mo
      2,050 SF

      Premier Office Condo on Man O'War

      Turnkey office condo with visibility on Man O' War Boulevard.
      525 Darby Creek Rd, Lexington, KY 40509
      View Details
    • New
      $625 /Mo
      50,000 SF

      Private Office Spaces For Lease

      Three private office spaces available in Lexington, Kentucky.
      1500 Leestown Rd, Lexington, KY 40511
      View Details
    • New
      $2,500 /Mo
      Pending

      Versatile Office Space For Rent

      Handicap accessible office space near Hamburg with many possible uses.
      507 Darby Crk Rd Unit, Lexington, KY 40509
      View Details
    • $15 SF/Yr
      2,172 SF

      Prime Office/Showroom on New Circle

      Move-in ready office/retail space with high visibility near Nicholasville Road.
      2577 Regency Rd, Lexington, KY 40503
      View Details
    • $19 SF/Yr
      6,848 SF

      Downtown Lexington Creative Office Space

      Renovated historic building with modern amenities in downtown Lexington.
      146 E Third St, Lexington, KY 40508
      View Details

    FAQs

    What type of property is this?
    Flex space - 2,500 SF flex space with office and warehouse components.
    Where is this flex space located?
    The property is located at 2350 Palumbo Dr Lexington, KY.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - High-demand flex unit in a desirable location between New Circle Road and Man O' War Blvd., with close proximity to I-75/I-64.; - Versatile 2,500 SF space with a functional layout including office (35%) and warehouse (65%) areas.; - Essential industrial features: 16' clear height, 10' x 12' drive-in door, and 3-phase electric.
    (859) 309-0099
    Request Owner's contact information
    2350 Palumbo Dr Lexington, KY 40509
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2350 Palumbo Dr
    Lexington, KY 40509
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2350 Palumbo Dr Lexington, KY 40509
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.