Open-Plan Retail
For Sale
Contact for pricing
1033 North Limestone, Lexington, KY 40505
B-1 zoning, retail frontage, secure access, and off-street parking define this commercial space.
Property Size975 SF
Price / SF$0.01
Days on Market50
Property Features for 1033 North Limestone
General Information
Standard status
Active
Size
975 SF
Property subtype
Retail
Zoning
B-1
Lease Term
NNN
Site & Location
Neighborhood
North Elizabeth St
Amenities
open style floor plan
retail frontage
secure access
Properties For Sale
at 1033 North Limestone
High Visibility NoLi Retail Space For Lease
Size
1,100 SF
Type
Street Retail
Term
Negotiable
Listing Agency:
SVN | Stone Commercial Real Estate
Listed By:
Gabe Measner
(859) 630-7106
Source:
Svnstone
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 26 at 1:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Stone Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 975 SF retail space at 1033 North Limestone offers an open-style interior with retail frontage, secure access, and off-street parking. The property is identified with B-1 zoning and is described for retail or office use.
Located on North Limestone in Lexington, Kentucky, the space sits between Downtown and New Circle Road. Its compact commercial format and open layout provide a straightforward setting for the uses identified in the listing, with customer-facing frontage and on-site parking included among the existing features.
Located on North Limestone in Lexington, Kentucky, the space sits between Downtown and New Circle Road. Its compact commercial format and open layout provide a straightforward setting for the uses identified in the listing, with customer-facing frontage and on-site parking included among the existing features.
Key Highlights
- 975 SF retail space at 1033 North Limestone
- Open‑style floor plan with retail frontage
- B‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,278
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,560
$185.6K
Cap Rate 7%
$132,543
$132.5K
Cap Rate 9%
$103,089
$103.1K
Market Conditions
NOI Build-Up for 975 SF
Gross rent
$14.0K $14.40/SF
− Vacancy
−$786 −$0.81/SF
EGI
$13.3K $13.59/SF
− OpEx
−$4.0K −$4.08/SF
NOI
$9.3K $9.52/SF
Area
Lexington, KY
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,560
Cap Rate 7%
$132,543
Cap Rate 9%
$103,089
Alternative Uses
Best Use
Retail
$132.5K
$116.0K – $154.6K
NOI $9,278 @ 7.0% cap · market cap 77,316.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$203.1K
$177.8K – $237.0K
NOI $14,220 @ 7.0% cap · market cap 118,500.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,795
Businesses Nearby
40k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Caseys
Shops & Services
24,204 visits/mo
0.2 miles
Speedway
Shops & Services
15,905 visits/mo
0.2 miles
Demographics for 40505, KY
26,278
Population
12,026
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,285
Density / Sq Mi
$58,922
Median Household Income
$33,517
Median Earnings
$914
Median Rent
$166,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - B-1 zoning, retail frontage, secure access, and off-street parking define this commercial space.
Where is this retail space located?
The property is located at 1033 North Limestone Lexington, KY.
What are key features of this property?
This property features: 975 SF retail space at 1033 North Limestone; Open‑style floor plan with retail frontage; B‑1 zoning
