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Climate-Controlled Flex Space

1051 Floyd Drive #184, Lexington, KY 40505

For Lease
$12 SF/Yr

Office, reception, two bathrooms, and a rear drive-in door support a mix of administrative and warehouse functions.

Space Size3,358 SF
Days on Market1013

Property Features for 1051 Floyd Drive #184

General Information

Standard status Active
Size 3,358 SF
Net Rentable 3,358 SF
Zoning I-1

Space & Availability

Available Space 3,358 SF
Contiguous Space 3,358 SF
Space Use Flex

Site & Location

Neighborhood Meadows/Loudon Nghd Assoc

Warehouse & Industrial

Warehouse Space 604 SF
Office Build-Out 2,754 SF
Drive-In Doors 1
Listing Agency: The Gibson Company
Listed By: Ernie B Arnold
Source: Kypropertyhunters
Added: Feb 7, 2024 Changed: Nov 13 Last Checked: Nov 14 at 5:19PM

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 The Gibson Company

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Investment Insights

Based on property information with market context.

This 3,358-square-foot flex property combines 2,754 square feet of office space with 604 square feet of warehouse area. The front portion includes offices, a reception area, and two bathrooms. Two man doors provide front and rear entry, while a drive-in door serves the warehouse at the back of the building. A six-foot-wide double door connects the warehouse area to the office portion.

A finished 1,056-square-foot room, measuring 33 feet by 32 feet, has a separate HVAC system and can also serve as warehouse space. The property is zoned I-1.

Key Highlights

  • 3,358 square feet total: 2,754 square feet of office and 604 square feet of warehouse
  • Finished 1,056‑square‑foot room measures 33 feet by 32 feet and has its own HVAC system
  • Rear drive‑in door and man doors at both the front and back

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Gipe Auto Color ... Car Dealership Bath Experts Renovation Specialist Ancient Aromas® (Bike/Boat/Book/etc) Store Performance Services Construction Company Saunier Moving and Storage Moving Company

Suggested Use

Top Pick Law Firm Real Estate Agency Nail Salon Daycare Center Parking Lot & Garage Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Drive-in doors
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

946
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Lexington, KY

$10.39 /SF/Yr
Avg Asking Price
$6–$22.08 /SF/Yr
Price Range
18,674 SF
Avg Space Size

This space is priced 16% above the average of $10.39 /SF/Yr.

Average Price Trend$/SF/Yr for Flex space in Lexington, KY

$11.41 Jul
$11.65 Aug
$11.96 Sep
$10.91 Oct

Properties on Market for Flex space in Lexington

Jul
Aug
Sep
Oct

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Similar Off Market Nearby

  • Athenian Grill Office — 1117 Winchester Rd, Lexington, KY 40505
  • Up In Smome BBQ - Food truck and Catering — 1650 Bryan Station Rd, Lexington, KY 40505

Frequently Asked Questions

What type of property is this?
Flex space - Office, reception, two bathrooms, and a rear drive-in door support a mix of administrative and warehouse functions.
Where is this flex space located?
The property is located at 1051 Floyd Drive #184 Lexington, KY.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 3,358 square feet total: 2,754 square feet of office and 604 square feet of warehouse; Finished 1,056‑square‑foot room measures 33 feet by 32 feet and has its own HVAC system; Rear drive‑in door and man doors at both the front and back
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