Light Industrial Manufacturing
1953 Mercer Road Lexington, KY 40511
1953 Mercer Road, Lexington, KY, 40511
$14,000,000
For Sale
$14,000,000
Manufacturing facility on 13.976 acres with four docks, two grade-level doors, and 100% climate-controlled space.
Property Size178,379 SF
Lot Size13.98 Acres
Price / SF$78.48
Days on Market70
Property Features for 1953 Mercer Road
General Information
- Standard status
- Active
- Size
- 178,379 SF
- Lot size
- 13.98 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1964
Listing agency
(859) 433-8911
Listed by
John Bunch, SIOR
(859) 433-8911
Source
Svn
Added: May 14 Updated: Jul 22 at 8:36AM Checked: Jul 22 at 8:36AM
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 John Bunch, SIOR
Investment Insights
Based on property information with market context.
1953 Mercer Road is a manufacturing facility totaling 178,379 SF on 13.976 acres, zoned I-1 (Light Industrial). The facility is equipped with four docks and two grade-level drive-in doors. The building features heavy three-phase power, 100% climate-controlled interior space, an 18’ clear height, and approximately 40’ x 40’ column spacing. A wet sprinkler system is installed throughout.
The property is described as being located in the heart of the Lexington, Kentucky industrial corridor, with access to major interstate travel within 3.5 miles to I-75/I-64.
The configuration supports typical industrial distribution and manufacturing operations with loading via four docks and drive-in access through two grade-level doors.
The property is described as being located in the heart of the Lexington, Kentucky industrial corridor, with access to major interstate travel within 3.5 miles to I-75/I-64.
The configuration supports typical industrial distribution and manufacturing operations with loading via four docks and drive-in access through two grade-level doors.
Key Highlights
- 178,379 SF manufacturing facility on 13.976 acres in Lexington’s industrial corridor
- Zoned I‑1 (Light Industrial) manufacturing space
- 4 docks and 2 grade‑level drive‑in doors
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.61M | $9.00 |
| − Vacancy | −$96.3k | −$0.54 |
| EGI | $1.51M | $8.46 |
| − OpEx | −$452.7k | −$2.54 |
| NOI | $1.06M | $5.92 |
178,379 SF · lease $9.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$15.09M
$13.20M – $17.61M
NOI $1,056,360 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$36.99M
$32.37M – $43.15M
NOI $2,589,207 @ 7.0% cap · market cap 18.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AVENTICS Corporation
Building Supply
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Manufacturing facility on 13.976 acres with four docks, two grade-level doors, and 100% climate-controlled space.
Where is this manufacturing property located?
The property is located at 1953 Mercer Road Lexington, KY.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: 178,379 SF manufacturing facility on 13.976 acres in Lexington’s industrial corridor; Zoned I‑1 (Light Industrial) manufacturing space; 4 docks and 2 grade‑level drive‑in doors
