Mixed-Use Portfolio with Development
For Sale
Contact for pricing
2044-2050 Lexington Road, Nicholasville, KY 40356
Income-producing buildings combine retail, service, automotive, pet-related, and light-industrial tenant uses with additional commercial land.
Property Size39,800 SF
Lot Size9.88 Acres
Price / SF$118.09
Days on Market50
Property Features for 2044-2050 Lexington Road
General Information
Standard status
Active
Size
39,800 SF
Lot size
9.88 Acres
Property subtype
Retail, Industrial, Land
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$4,700,000
Clear Height
16 ft
Building Details
Buildings
5
Construction
steel frame
Listing Agency:
SVN | Stone Commercial Real Estate
Listed By:
Travis Rose · License #KY
(859) 806-1591
Source:
Crexi
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 26 at 2:09PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use portfolio comprises eight parcels across 2044–2050 Lexington Road and 200–233 Two Oaks Drive in Nicholasville. Five buildings total approximately 39,800 square feet, with layouts incorporating offices, showrooms, and warehouse areas. Construction includes steel I-beam framing, reinforced concrete foundations and slabs, metal-panel and brick/block exteriors, and standing-seam metal roofs. Warehouse clear heights range from approximately 12' to 16', with grade-level overhead doors, central gas/electric HVAC, and separate septic tanks serving each building.
Three additional parcels provide approximately 9.88 acres of vacant, buildable land within the portfolio. The properties front Lexington Road, identified as US 27, and provide retail frontage and visibility. Existing occupants represent retail, service, automotive, pet-related, and light-industrial uses, creating a diversified operating mix. Current leases are described as largely short-term, and tenant and financial information is available through a confidentiality agreement.
Three additional parcels provide approximately 9.88 acres of vacant, buildable land within the portfolio. The properties front Lexington Road, identified as US 27, and provide retail frontage and visibility. Existing occupants represent retail, service, automotive, pet-related, and light-industrial uses, creating a diversified operating mix. Current leases are described as largely short-term, and tenant and financial information is available through a confidentiality agreement.
Key Highlights
- Eight‑parcel portfolio totaling approximately 9.88 acres
- Five buildings comprising approximately 39,800 square feet
- Three vacant, buildable land parcels included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$384,468
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,689,360
$7.7M
Cap Rate 7%
$5,492,400
$5.5M
Cap Rate 9%
$4,271,867
$4.3M
Market Conditions
NOI Build-Up for 39,800 SF
Gross rent
$668.6K $16.80/SF
− Vacancy
−$53.5K −$1.34/SF
EGI
$615.1K $15.46/SF
− OpEx
−$230.7K −$5.80/SF
NOI
$384.5K $9.66/SF
Area
Jessamine County, KY
Vacancy
8.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,689,360
Cap Rate 7%
$5,492,400
Cap Rate 9%
$4,271,867
Alternative Uses
Best Use
Mixed Use
$5.49M
$4.81M – $6.41M
NOI $384,468 @ 7.0% cap · market cap 8.18%
Second Best
Retail
$5.41M
$4.73M – $6.31M
NOI $378,718 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$10.09M
$8.83M – $11.77M
NOI $706,084 @ 7.0% cap · market cap 15.02%
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
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 40356, KY
44,381
Population
17,934
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
90%
High-School Grad
139.5 sq mi
ZIP Area
318
Density / Sq Mi
$75,264
Median Household Income
$41,427
Median Earnings
$1,020
Median Rent
$246,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing buildings combine retail, service, automotive, pet-related, and light-industrial tenant uses with additional commercial land.
Where is this mixed-use property located?
The property is located at 2044-2050 Lexington Road Nicholasville, KY.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Eight‑parcel portfolio totaling approximately 9.88 acres; Five buildings comprising approximately 39,800 square feet; Three vacant, buildable land parcels included
