4976 Old Versailles Rd, Lexington, KY 40510
B-1 zoned flex warehouse for sale with updated roof, improved floor system, and gas heat/central air.
- Added:
- Nov 18, 2025
- Days on Market:
- 207
- Last Refresh:
- Jun 11 at 3:39 am
Property Features for 4976 Old Versailles Rd
General Information
- Standard status
- Active
- Size
- 3,200 SF
Listing agent Colby W Davis License #215697 (859) 621-2576
Listing office ERA Select Real Estate (859) 621-2576
Listing date Nov 18, 2025
Source Exprealty
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 ERA Select Real Estate
HighLights
- About 3,200 SF flex warehouse located behind Bluegrass Airport/Keeneland
- B‑1 zoning
- 2‑year‑old roof
- Updated floor system
- Updated open concept with steel beams
- Gas heat/central air, plus unfinished storage and a small drive‑in door
Overview
The property is located conveniently behind the Bluegrass Airport/Keeneland and is described as minutes from Man 'O War Blvd and downtown Versailles. Access is also noted to Downtown Lexington/New Circle Rd and I-64/I-75.
With B-1 zoning and a layout that combines finished warehouse space with additional unfinished storage, this offering can suit a range of light industrial and flexible users. The seller would entertain owner financing, which may be useful for qualified buyers seeking an alternative to traditional lending terms.
Local Financial Insights For Flex RnD
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 | $42.2k | $13.20 |
| − Vacancy | −$3.0k | −$0.92 |
| EGI | $39.3k | $12.28 |
| − OpEx | −$13.7k | −$4.30 |
| NOI | $25.5k | $7.98 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.62636
- Latitude
- 38.040682
