Flex Space With Yard
3899 Winchester Rd, Lexington, KY 40509
For Sale
Contact for pricing
Warehouse, shop, and office components are paired with outdoor yard space and access to utilities.
Property Size2,600 SF
Days on Market98
Property Features for 3899 Winchester Rd
General Information
Standard status
Size
Property subtype
Lease Term
Building Details
Building Size
Year Built
Properties For Sale
at 3899 Winchester Rd
Industrial Office, Garage, Land
Size
2,600 SF
Type
Flex Space
Term
Negotiable
Listing Agency:
SVN Stone Commercial Real Estate
Listed By:
Neal Metcalfe · License KY #217705
(859) 312-8069
Source:
Svn
Added: Aug 9
Changed: Oct 26
Last Checked: Nov 12 at 5:18AM
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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Investment Insights
Based on property information with market context.
This flex-space property at 3899 Winchester Rd in Lexington combines warehouse and shop areas with a small office and outdoor yard space. The site provides over an acre of yard area, along with locker storage positioned outside for convenient access. Built in 1966, the property is suited to operations requiring a blend of enclosed workspace, administrative space, and exterior storage or staging area.
The property is associated with shared access in a co-occupied setting that includes a dumpster company. Its location provides access to I-75 and I-64, with connections to East Lexington, North Lexington, and the Winchester area. The existing configuration offers a practical combination of industrial workspace, office space, and yard area at one address.
The property is associated with shared access in a co-occupied setting that includes a dumpster company. Its location provides access to I-75 and I-64, with connections to East Lexington, North Lexington, and the Winchester area. The existing configuration offers a practical combination of industrial workspace, office space, and yard area at one address.
Key Highlights
- Over an acre of outdoor yard space
- Warehouse and shop areas with a small office
- Locker storage located outside for convenient access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,251
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,020
$305.0K
Cap Rate 7%
$217,871
$217.9K
Cap Rate 9%
$169,456
$169.5K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$25.0K $9.60/SF
− Vacancy
−$1.5K −$0.58/SF
EGI
$23.5K $9.02/SF
− OpEx
−$8.2K −$3.16/SF
NOI
$15.3K $5.87/SF
Area
ZIP 40509
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,020
Cap Rate 7%
$217,871
Cap Rate 9%
$169,456
Alternative Uses
Best Use
Warehouse
$267.1K
$233.7K – $311.6K
NOI $18,697 @ 7.0% cap
Second Best
Industrial
$220.0K
$192.5K – $256.6K
NOI $15,397 @ 7.0% cap
Theoretical Best
Office A
$541.7K
$474.0K – $632.0K
NOI $37,919 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40509, KY
44,572
Population
19,802
Households
2.3
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
47.8 sq mi
ZIP Area
932
Density / Sq Mi
$89,429
Median Household Income
$52,489
Median Earnings
$1,317
Median Rent
$338,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse, shop, and office components are paired with outdoor yard space and access to utilities.
Where is this flex space located?
The property is located at 3899 Winchester Rd Lexington, KY.
What are key features of this property?
This property features: Over an acre of outdoor yard space; Warehouse and shop areas with a small office; Locker storage located outside for convenient access
