Office Space with Conference
For Lease
$16 SF/Yr CAM $2.00 /USD/SF/YR
1040 Monarch Street, Lexington, KY 40513
Commercial Lease, Lexington, KY
Space SizeContact for details
Lot Size1.20 Acres
Days on Market141
Property Features for 1040 Monarch Street
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning description
Professional office
Subdivision
Commercial
Directions
Harrodsburg Road to Beaumont Circle to Monarch Street
Standard status
Active
APN
38082820
Size
3,792 SF
Lot size
1.20 Acres
Amenities
reception area
kitchenette
storage/file room
IT server room
Building Details
Year built
2001
Floors in Building
3
Listing Agency:
The Gibson Company
(859) 224-8833
Listed By:
Ernie B Arnold
(859) 312-3598
Added: Jun 10
Changed: Oct 2
Last Checked: Oct 28 at 8:06AM
MLS# 26013474
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.
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 3,792-square-foot office suite, built in 2001, provides a practical mix of private and shared work areas. Two entrances serve the space, with the primary entry opening into a reception area. The interior includes six offices, a central open work area, a large conference room, kitchenette, storage and file room, and an IT server room.
The property is located at 1040 Monarch Street in Lexington, Kentucky, within ZIP Code 40513. Its combination of enclosed offices, meeting space, open workspace, and operational support rooms accommodates a range of professional office configurations.
The property is located at 1040 Monarch Street in Lexington, Kentucky, within ZIP Code 40513. Its combination of enclosed offices, meeting space, open workspace, and operational support rooms accommodates a range of professional office configurations.
Key Highlights
- 3,792 square feet of office space
- Six private offices plus a large central open area
- Large conference room for meetings and collaboration
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,702
Businesses Nearby
Explore this area
Business Placement
Demographics for 40513, KY
11,244
Population
4,734
Households
2.4
Avg Household Size
45
Median Age
71%
College-Educated
98%
High-School Grad
14.7 sq mi
ZIP Area
765
Density / Sq Mi
$126,642
Median Household Income
$76,503
Median Earnings
$1,413
Median Rent
$448,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Lexington, KY
$24.18 /SF/Yr
Avg Asking Price
$1.29–$220 /SF/Yr
Price Range
15,584 SF
Avg Space Size
This space is priced 34% below the average of $24.18 /SF/Yr.
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office layout with private rooms, collaborative workspace, reception, kitchenette, and dedicated support areas.
Where is this office unit located?
The property is located at 1040 Monarch Street Lexington, KY.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: 3,792 square feet of office space; Six private offices plus a large central open area; Large conference room for meetings and collaboration
