Climate-Controlled Flex
For Sale
$1,978,080
700 E Loudon Ave, Lexington, KY 40505
Versatile industrial space combines private offices, conference rooms, warehouse functions, and additional basement storage.
Property Size15,216 SF
Lot Size1.58 Acres
Price / SF$130
Days on Market50
Property Features for 700 E Loudon Ave
General Information
Standard status
Active
Size
15,216 SF
Lot size
1.58 Acres
Property subtype
Retail
Zoning
I-1
Site & Location
Neighborhood
Meadows/Loudon Nghd Assoc
Fenced Yard
Yes
Warehouse & Industrial
Clear Span
Yes
Dock-High Doors
1
Drive-In Doors
1
Three-Phase Power
Yes
Heavy Power
Yes
Conditioned Warehouse
Yes
Building Details
Building Size
15,216 SF
Listing Agency:
SVN | Stone Commercial Real Estate
Listed By:
Gabe Measner
(859) 630-7106
Source:
Svnstone
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 30 at 12:12PM
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 15,216-square-foot flex facility occupies 1.582 acres of I-1-zoned land at 700 E. Loudon Ave. The building includes 15+ private offices, multiple conference rooms, a kitchen, and a fully climate-controlled, clear-span warehouse. Industrial improvements include one grade-level drive-in door, one dock-height door, three-phase heavy power, compressed air drops, and additional basement storage.
The property is in Lexington, KY, with access to Winchester Road and New Circle Road. The site is partially fenced and includes a security gate, supporting a combination of office and industrial operations within one facility.
The property is in Lexington, KY, with access to Winchester Road and New Circle Road. The site is partially fenced and includes a security gate, supporting a combination of office and industrial operations within one facility.
Key Highlights
- 15,216‑square‑foot flex facility on 1.582 acres
- I‑1 zoning at 700 E. Loudon Ave, Lexington, KY 40505
- 15+ private offices, multiple conference rooms, and a kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,415
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,428,300
$2.4M
Cap Rate 7%
$1,734,500
$1.7M
Cap Rate 9%
$1,349,056
$1.3M
Market Conditions
NOI Build-Up for 15,216 SF
Gross rent
$200.9K $13.20/SF
− Vacancy
−$14.1K −$0.92/SF
EGI
$186.8K $12.28/SF
− OpEx
−$65.4K −$4.30/SF
NOI
$121.4K $7.98/SF
Area
Lexington, KY
Vacancy
7.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,428,300
Cap Rate 7%
$1,734,500
Cap Rate 9%
$1,349,056
Alternative Uses
Best Use
Flex RnD
$1.73M
$1.52M – $2.02M
NOI $121,415 @ 7.0% cap · market cap 6.14%
Second Best
Warehouse
$1.56M
$1.37M – $1.82M
NOI $109,418 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$3.17M
$2.77M – $3.70M
NOI $221,915 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
Balanced
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
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- Vegan Nepal — 962 Delaware Ave, Lexington, KY 40505
- Pasta Garage Catering — 962 Delaware Ave, Lexington, KY 40505
Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial space combines private offices, conference rooms, warehouse functions, and additional basement storage.
Where is this flex space located?
The property is located at 700 E Loudon Ave Lexington, KY.
What is the asking price?
The asking price for this property is $1,978,080.
What are key features of this property?
This property features: 15,216‑square‑foot flex facility on 1.582 acres; I‑1 zoning at 700 E. Loudon Ave, Lexington, KY 40505; 15+ private offices, multiple conference rooms, and a kitchen
