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    Class A Industrial Warehouse Space Title is generated by Realmo AI

    2155 Young Drive, Lexington, KY 40502

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    175,620 SF Class A industrial space for lease.

    Type:Industrial, Special Purpose
    Property size:
    175,620 SF
    Added:
    May 26, 2026
    Days on Market:
    3
    Last Refresh:
    May 27 at 7:55 am

    Property Features for 2155 Young Drive

    General Information

    Standard status
    Active
    Size
    175,620 SF
    Property subtype
    Industrial, Special Purpose

    Spaces For Lease

    at 2155 Young Drive Contact us

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    Listing Contact
    John Bunch
    John Bunch

    Listing agent John Bunch License #221859

    Listing office SVN | Stone Commercial Real Estate

    Listing date May 26, 2026

    Source Crexi

    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

    HighLights

    • 175,620 SF of Class A industrial warehouse space in Lexington, KY.
    • Located in a tight industrial market with regional vacancy below 5%.
    • Turnkey, institutional‑quality building zoned I‑1 Light Industrial, ready for immediate occupancy.
    • Strategic location with direct access to I‑64 and I‑75, reaching 75 million consumers within a one‑day truck drive.
    • Features 11,396 SF of two‑story office space with multiple restrooms.
    • Plant area includes 23' clear ceiling heights, 40' x 40' bay spacing, 25 dock doors with levelers, heavy power, and a wet sprinkler system.

    Overview

    This 175,620 SF Class A industrial warehouse space is located at 2155 Young Drive in Lexington, KY. The property is zoned I-1 Light Industrial and is suitable for manufacturers, distributors, 3PLs, or food-grade users. The facility features 11,396 SF of two-story office space that is fully heated and air-conditioned, with four dedicated restrooms across both floors plus a driver's restroom in the downstairs offices. The 169,922 SF plant delivers 23' clear ceiling heights, 40' x 40' bay spacing, 6" wire-reinforced concrete floors, 25 dock doors (24 equipped with 40,000-Ib rated levelers), heavy power, a wet sprinkler system, and motion-sensor LED and T-5 lighting. The property has direct access to I-64 and I-75, placing tenants within a one-day truck drive of more than 75 million consumers across the Eastern United States.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • W T Young Storage Co — 2425 Palumbo Dr, Lexington, KY 40509
    • Space Center Storage — 2135 Christian Rd, Lexington, KY 40509
    • My 3 Sons Moving Lexington — 2121 Richmond Rd #202b, Lexington, KY 40502
    • Vincent Fister Inc. — 2305 Palumbo Dr, Lexington, KY 40509
    • Safeway Moving & Storage — 2305 Palumbo Dr, Lexington, KY 40509

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.455995
    Latitude
    38.026583

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    FAQs

    What type of property is this?
    Warehouse - 175,620 SF Class A industrial space for lease.
    Where is this warehouse located?
    The property is located at 2155 Young Drive Lexington, KY.
    What are key features of this property?
    This property features: 175,620 SF of Class A industrial warehouse space in Lexington, KY.; Located in a tight industrial market with regional vacancy below 5%.; Turnkey, institutional‑quality building zoned I‑1 Light Industrial, ready for immediate occupancy.
    (859) 264-0888 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Bunch
    John Bunch
    Real Estate License ID: 221859
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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