Light Industrial Warehouse with
For Sale
Contact for pricing
1095 Majaun Rd, Lexington, KY 40511
Zoned I-1 property with office space, warehouse area, and secure outdoor yard for equipment or vehicle storage.
Property Size11,730 SF
Price / SF$0.90
Days on Market143
Property Features for 1095 Majaun Rd
General Information
Standard status
Active
Size
11,730 SF
Property subtype
Industrial
Zoning
I-1
Lease Term
MG
Site & Location
Neighborhood
Oakwood Nghd Assoc
Fenced Yard
Yes
Additional Details
Drive-In Doors
2
Building Details
Building Size
11,730 SF
Year Built
1973
Properties For Sale
at 1095 Majaun Rd
5320 SF Warehouse
Size
5,320 SF
Term
Negotiable
Listing Agency:
SVN Stone Commercial Real Estate
Listed By:
Travis Rose, MBA
(859) 806-1591
Source:
Svn
Added: Jun 17
Changed: Oct 25
Last Checked: Nov 4 at 11:46AM
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
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Investment Insights
Based on property information with market context.
This light industrial facility offers a combined office-and-warehouse setup totaling approximately 5,320 SF, with an estimated 1,000 SF of office space and 4,320 SF dedicated to warehouse use. The warehouse includes two 10-foot tall grade level doors, supporting practical loading and access for daily operations. A secure outdoor yard is also available for storage of vehicles, materials, or equipment.
The property is located at 1095 Majaun Rd in Lexington, Kentucky, and is zoned I-1 (Light Industrial). It sits just off Newtown Pike and Georgetown Rd, providing convenient access to Lexington’s major employment centers and distribution corridors.
The layout and zoning make this facility a strong fit for users seeking light industrial space that can accommodate both work functions and storage needs in one location. With on-site office area and grade level door access, it can support logistics-focused operations, trades and service-oriented businesses, or other users that benefit from vehicle or equipment storage in a secure outdoor yard. The combination of office convenience and straightforward warehouse configuration is designed to support day-to-day throughput while keeping administrative space close at hand.
The property is located at 1095 Majaun Rd in Lexington, Kentucky, and is zoned I-1 (Light Industrial). It sits just off Newtown Pike and Georgetown Rd, providing convenient access to Lexington’s major employment centers and distribution corridors.
The layout and zoning make this facility a strong fit for users seeking light industrial space that can accommodate both work functions and storage needs in one location. With on-site office area and grade level door access, it can support logistics-focused operations, trades and service-oriented businesses, or other users that benefit from vehicle or equipment storage in a secure outdoor yard. The combination of office convenience and straightforward warehouse configuration is designed to support day-to-day throughput while keeping administrative space close at hand.
Key Highlights
- ±5,320 SF industrial facility with a combination of office and warehouse space
- Zoned I‑1 (Light Industrial) for a range of light industrial users
- Includes ±1,000 SF office space and ±4,320 SF warehouse area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,255
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,100
$585.1K
Cap Rate 7%
$417,929
$417.9K
Cap Rate 9%
$325,056
$325.1K
Market Conditions
NOI Build-Up for 5,320 SF
Gross rent
$47.9K $9.00/SF
− Vacancy
−$2.9K −$0.54/SF
EGI
$45.0K $8.46/SF
− OpEx
−$15.8K −$2.96/SF
NOI
$29.3K $5.50/SF
Area
ZIP 40511
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,100
Cap Rate 7%
$417,929
Cap Rate 9%
$325,056
Alternative Uses
Best Use
Office B
$943.4K
$825.5K – $1.10M
NOI $66,036 @ 7.0% cap · market cap 1,375.75%
Second Best
Warehouse
$546.5K
$478.2K – $637.6K
NOI $38,256 @ 7.0% cap · market cap 797.00%
Theoretical Best
Office A
$1.10M
$965.3K – $1.29M
NOI $77,221 @ 7.0% cap · market cap 1,608.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40511, KY
36,146
Population
14,963
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
89%
High-School Grad
86.0 sq mi
ZIP Area
420
Density / Sq Mi
$77,476
Median Household Income
$43,416
Median Earnings
$1,159
Median Rent
$233,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Dottie's — 2300 Sandersville Rd, Lexington, KY 40511
Frequently Asked Questions
What type of property is this?
Flex space - Zoned I-1 property with office space, warehouse area, and secure outdoor yard for equipment or vehicle storage.
Where is this flex space located?
The property is located at 1095 Majaun Rd Lexington, KY.
What are key features of this property?
This property features: ±5,320 SF industrial facility with a combination of office and warehouse space; Zoned I‑1 (Light Industrial) for a range of light industrial users; Includes ±1,000 SF office space and ±4,320 SF warehouse area
