Updated Office
For Sale
Contact for pricing
611 Winchester Rd, Lexington, KY 40505
Interior layout combines open work areas with private offices and conference space.
Property Size5,854 SF
Price / SF$0.00
Days on Market49
Property Features for 611 Winchester Rd
General Information
Standard status
Active
Size
5,854 SF
Property subtype
Retail
Zoning
B-1
Lease Term
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1960
Properties For Sale
at 611 Winchester Rd
611 Winchester Road
Size
5,854 SF
Term
Negotiable
Listing Agency:
SVN Stone Commercial Real Estate
Listed By:
Weston Lockhart · License #245654
(859) 317-3538
Source:
Svnstone
Added: Aug 30
Changed: Oct 9
Last Checked: Oct 16 at 8:10AM
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 office property contains ±5,854 SF of updated workspace within a building constructed in 1960. The renovated interior is arranged with open work areas, private offices, and conference space, providing multiple workplace configurations within the existing improvement. The property carries B-1 zoning.
Located at 611 Winchester Road in Lexington, Kentucky, the office is positioned along the Winchester Road corridor. The site is minutes from downtown Lexington and the I-75/I-64 interchange, providing access to both the central business district and regional highway connections.
Located at 611 Winchester Road in Lexington, Kentucky, the office is positioned along the Winchester Road corridor. The site is minutes from downtown Lexington and the I-75/I-64 interchange, providing access to both the central business district and regional highway connections.
Key Highlights
- ±5,854 SF of updated office space
- Open work areas, private offices, and conference space
- Building constructed in 1960 and later renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,436
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,308,720
$1.3M
Cap Rate 7%
$934,800
$934.8K
Cap Rate 9%
$727,067
$727.1K
Market Conditions
NOI Build-Up for 5,854 SF
Gross rent
$105.4K $18.00/SF
− Vacancy
−$18.1K −$3.10/SF
EGI
$87.2K $14.90/SF
− OpEx
−$21.8K −$3.73/SF
NOI
$65.4K $11.18/SF
Area
Lexington, KY
Vacancy
17.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,308,720
Cap Rate 7%
$934,800
Cap Rate 9%
$727,067
Alternative Uses
Best Use
Office B
$934.8K
$818.0K – $1.09M
NOI $65,436 @ 7.0% cap · market cap 408,975.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,377 @ 7.0% cap · market cap 533,606.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
Explore this area
Business Placement
Demographics for 40505, KY
26,278
Population
12,026
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,285
Density / Sq Mi
$58,922
Median Household Income
$33,517
Median Earnings
$914
Median Rent
$166,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Interior layout combines open work areas with private offices and conference space.
Where is this office units located?
The property is located at 611 Winchester Rd Lexington, KY.
What are key features of this property?
This property features: ±5,854 SF of updated office space; Open work areas, private offices, and conference space; Building constructed in 1960 and later renovated
