Flex Space with Fenced
New
For Sale
$499,000
1114 Industry Road, Lexington, KY 40505
Commercial Sale, Lexington, KY
Property Size2,700 SF
Lot Size0.21 Acres
Price / SF$183.46
Days on Market4
Property Features for 1114 Industry Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-4
Zoning description
B-4
Parking
15
Subdivision
Commercial
Directions
Located across from Buds Gun Shop. You can access it from new circle by turning by Greens Toyota and its on the left hand side or from winchester Rd it will be on your right after the 4 way stop by buds
Standard status
Active
APN
16807700
Size
2,720 SF
Lot size
0.21 Acres
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Electric, Central Air
Building Details
Year built
1964
Floors in Building
1
Listing Agency:
Keller Williams Commonwealth · Keller Williams Realty
(859) 721-2121
Listed By:
Amir Shalash
(859) 967-3695
Added: Oct 19
Last Checked: Oct 22 at 12:06AM
MLS# 26028897
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.
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Investment Insights
Based on property information with market context.
This 2,720-square-foot flex property sits on a 0.21-acre parcel and was built in 1964. The building has a rear overhead door with drive-through access, along with on-site parking and a fenced yard that can accommodate outdoor parking or storage. Heating is provided by natural gas and forced air, with central air conditioning. The property is zoned B-4.
The site is on Industry Road in Lexington, within a commercial and industrial corridor with building supply and trade-related businesses nearby. New Circle Road, I-75, I-64, and downtown Lexington are accessible from the location.
The site is on Industry Road in Lexington, within a commercial and industrial corridor with building supply and trade-related businesses nearby. New Circle Road, I-75, I-64, and downtown Lexington are accessible from the location.
Key Highlights
- 2,720 square feet on a 0.21‑acre lot
- B‑4 zoning
- Rear overhead door with drive‑through access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,704
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,080
$434.1K
Cap Rate 7%
$310,057
$310.1K
Cap Rate 9%
$241,156
$241.2K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$35.9K $13.20/SF
− Vacancy
−$2.5K −$0.92/SF
EGI
$33.4K $12.28/SF
− OpEx
−$11.7K −$4.30/SF
NOI
$21.7K $7.98/SF
Area
Lexington, KY
Vacancy
7.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,080
Cap Rate 7%
$310,057
Cap Rate 9%
$241,156
Alternative Uses
Best Use
Flex RnD
$310.1K
$271.3K – $361.7K
NOI $21,704 @ 7.0% cap · market cap 4.35%
Second Best
Warehouse
$279.4K
$244.5K – $326.0K
NOI $19,560 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$566.7K
$495.9K – $661.2K
NOI $39,669 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Entre Vous — 1006 Delaware Ave, Lexington, KY 40505
- Selma's Catering & Events — 720 Henry Clay Blvd, Lexington, KY 40505
- Bayleaf Diaspora Kitchen — 962 Delaware Ave, Lexington, KY 40508
- Vegan Nepal — 962 Delaware Ave, Lexington, KY 40505
- Pasta Garage Catering — 962 Delaware Ave, Lexington, KY 40505
Frequently Asked Questions
What type of property is this?
Flex space - A rear overhead door and secured outdoor area provide access and space for parking or storage.
Where is this flex space located?
The property is located at 1114 Industry Road Lexington, KY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,720 square feet on a 0.21‑acre lot; B‑4 zoning; Rear overhead door with drive‑through access
