Flex Space with Vacant
680 Lima Drive Lexington, KY 40511
680 Lima Drive, Lexington, KY, 40511
$1,400,000
For Sale
$1,400,000
Flex space at 680 Lima Drive with flexible layouts, ample parking, and a vacant lot for potential expansion.
Property Size8,424 SF
Price / SF$166.19
Days on Market190
Property Features for 680 Lima Drive
General Information
- Standard status
- Active
- Size
- 8,424 SF
Listing agency
Thwaites Realtors LLC
(859) 707-4688
Listed by
Danny Hudnall · License #287161
(859) 707-4688
Source
Exprealty
Added: Jan 14 Updated: Jul 22 at 10:19AM Checked: Jul 22 at 10:19AM
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 Thwaites Realtors LLC
Investment Insights
Based on property information with market context.
680 Lima Drive presents a flex-style commercial property offering functional, flexible layouts for a range of industrial and office-oriented uses. The site also includes a vacant lot, providing the option to build additional space.
The property is described as positioned along Lexington’s industrial and business corridor, with access to I-75/I-64 facilitated by New Circle and connectivity to Newtown Pike. Public remarks note that roadway work associated with widening New Circle is expected to be arriving, which may improve access to the interstate connections.
On-site, the property is characterized by ample parking and strong infrastructure, supporting everyday operations for tenants looking for an adaptable footprint at a single Lexington address.
The property is described as positioned along Lexington’s industrial and business corridor, with access to I-75/I-64 facilitated by New Circle and connectivity to Newtown Pike. Public remarks note that roadway work associated with widening New Circle is expected to be arriving, which may improve access to the interstate connections.
On-site, the property is characterized by ample parking and strong infrastructure, supporting everyday operations for tenants looking for an adaptable footprint at a single Lexington address.
Key Highlights
- Commercial flex space at 680 Lima Drive in Lexington’s industrial and business corridor
- Flexible layouts suited for logistics, light manufacturing, distribution, or conversion to office use
- Ample parking on site
Local Financial Insights For Warehouse
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 | $75.8k | $9.00 |
| − Vacancy | −$4.5k | −$0.54 |
| EGI | $71.3k | $8.46 |
| − OpEx | −$10.7k | −$1.27 |
| NOI | $60.6k | $7.19 |
8,424 SF · lease $9.00/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$865.4K
$757.2K – $1.01M
NOI $60,577 @ 7.0% cap · market cap 4.33%
Second Best
Industrial
$712.7K
$623.6K – $831.5K
NOI $49,887 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,276 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Chill Spot Lounge
Bar & Pub
Dollar Store Plus
(Bike/Boat/Book/etc) Store
Choice's Barber Shop ...
Barber Shop
Beats By Ra ...
Recording Studio
Lee's Garden
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex space at 680 Lima Drive with flexible layouts, ample parking, and a vacant lot for potential expansion.
Where is this flex space located?
The property is located at 680 Lima Drive Lexington, KY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Commercial flex space at 680 Lima Drive in Lexington’s industrial and business corridor; Flexible layouts suited for logistics, light manufacturing, distribution, or conversion to office use; Ample parking on site
