Flex Space with Drive-In
For Sale
Contact for pricing
1158-1160 Industry Rd, Lexington, KY 40505
Built-out office and showroom space with grade-level drive-in access and B-4 zoning.
Property Size5,000 SF
Price / SF$0.00
Days on Market47
Property Features for 1158-1160 Industry Rd
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Industrial
Zoning
B-4
Lease Term
NNN
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Properties For Sale
at 1158-1160 Industry Rd
5000 SF Industrial Space For Sublease (Sublease)
Size
5,000 SF
Term
Negotiable
Listing Agency:
SVN | Stone Commercial Real Estate
Listed By:
Gabe Measner
(859) 630-7106
Source:
Svnstone
Added: Sep 4
Changed: Oct 10
Last Checked: Oct 19 at 4:21AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,000-square-foot flex property combines finished office and showroom areas with functional industrial features. The building offers 16-foot clear height, gas-fired forced-air heat, and an automatic grade-level drive-in door, supporting a range of commercial operations that require both workspace and material access.
Located at 1158-1160 Industry Road in Lexington, Kentucky, the property carries B-4 zoning. Its combination of finished interior space, showroom utility, and drive-in functionality provides a practical format for an owner-user or commercial operator.
Located at 1158-1160 Industry Road in Lexington, Kentucky, the property carries B-4 zoning. Its combination of finished interior space, showroom utility, and drive-in functionality provides a practical format for an owner-user or commercial operator.
Key Highlights
- 5,000 SF of flex space
- Built‑out office and showroom areas
- 16' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,584
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,680
$631.7K
Cap Rate 7%
$451,200
$451.2K
Cap Rate 9%
$350,933
$350.9K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$48.0K $9.60/SF
− Vacancy
−$2.9K −$0.58/SF
EGI
$45.1K $9.02/SF
− OpEx
−$13.5K −$2.71/SF
NOI
$31.6K $6.32/SF
Area
Lexington, KY
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,680
Cap Rate 7%
$451,200
Cap Rate 9%
$350,933
Alternative Uses
Best Use
Office B
$798.4K
$698.6K – $931.5K
NOI $55,890 @ 7.0% cap · market cap 588,315.79%
Second Best
Retail
$679.7K
$594.7K – $793.0K
NOI $47,578 @ 7.0% cap · market cap 500,821.05%
Theoretical Best
Office A
$1.04M
$911.5K – $1.22M
NOI $72,922 @ 7.0% cap · market cap 767,600.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Office in South region
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 - Built-out office and showroom space with grade-level drive-in access and B-4 zoning.
Where is this flex space located?
The property is located at 1158-1160 Industry Rd Lexington, KY.
What are key features of this property?
This property features: 5,000 SF of flex space; Built‑out office and showroom areas; 16' clear height
