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Second-Floor Office Suites
For Lease
$23 SF/Yr

1409 N Forbes Rd, Lexington, KY 40511

Two suites may be leased separately or joined to create a larger contiguous workspace.

Space Size1,352 SF - 5,065 SF
Days on Market9

Property Features for 1409 N Forbes Rd

General Information

Standard status Active
Size 1,352 SF - 5,065 SF
Net Rentable 1,352 SF
Class A
Elevators Yes
Property subtype Office
Zoning PUD-3
Lease Type NNN

Space & Availability

Available Space 1,352-5,065 SF
Contiguous Space 5,065 SF
Divisible Yes
Floor 2
Space Use Office

Additional Details

Highway Access Yes

Amenities

surface parking
nature trails
pond
Water
Sewer

Building Details

Year Built 1959

Spaces For Lease

at 1409 N Forbes Rd
Available Space $23/Mo
Contact us
Listing Agency: Block & Lot Real Estate
Listed By: Amy Mellinger · License #210462
Source: Kcrea.resimplifi
Added: Oct 6 Changed: Oct 13 Last Checked: Oct 13 at 2:15AM

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 Block & Lot Real Estate

Investment Insights

Based on property information with market context.

Two office suites are available on the second floor of a renovated office building at 1409 N Forbes Road. Suite 230 offers 1,352 USF, while Suite 250 provides 3,713 USF and includes eight private offices, an open work area, two restrooms, and two storage rooms. The suites can be combined for 5,065 USF of contiguous space. The building has surface parking and passenger and freight elevators; it was built in 1959. Zoning is PUD-3.

The property is approximately five minutes from downtown Lexington and about one mile from New Circle Road, with access to I-75 and I-64. Restaurants, retail, recreational amenities, nature trails, and a pond are nearby or within the development.

Key Highlights

  • Two second‑floor suites offer 1,352 USF and 3,713 USF; they can be combined for 5,065 USF
  • Suite 250 has 8 private offices, an open work area, 2 restrooms, and 2 storage rooms
  • Passenger and freight elevators, plus surface parking

Property Analytics

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Current Use

Pyramid Consulting Structural Structural Engineer CMTA Construction Company Carlos Elliott- REALTOR® Real Estate Agency Hargett Construction Construction Company

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm HVAC Service Skin Care Clinic Hair Salon

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$3.45 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

638
Businesses Nearby

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

Market

Lease Benchmarks for Lexington, KY

$24.17 /SF/Yr
Avg Asking Price
$1.29–$220 /SF/Yr
Price Range
16,175 SF
Avg Space Size

This space is priced 5% below the average of $24.17 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Two suites may be leased separately or joined to create a larger contiguous workspace.
Where is this office units located?
The property is located at 1409 N Forbes Rd Lexington, KY.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: Two second‑floor suites offer 1,352 USF and 3,713 USF; they can be combined for 5,065 USF; Suite 250 has 8 private offices, an open work area, 2 restrooms, and 2 storage rooms; Passenger and freight elevators, plus surface parking
More about this property
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