Flex Space
New
For Sale
$1,200,000
819 Porter Place, Lexington, KY 40508
The property offers a flexible warehouse layout near central Lexington.
Property Size9,183 SF
Price / SF$130.68
Days on Market6
Property Features for 819 Porter Place
General Information
Standard status
Active
Size
9,183 SF
Property subtype
Industrial
Additional Details
Warehouse Space
9,183 SF
Building Details
Building Size
9,183 SF
Listing Agency:
White Oak Commercial Real Estate, LLC
Listed By:
Gordy Hoagland, CCIM · License #217910
(502) 387-1734
Source:
Whiteoakcre
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 7 at 10:48AM
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 White Oak Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This 9,183-square-foot warehouse is located at 819 Porter Place in Lexington, Kentucky. Its classification as flex space supports a range of commercial configurations.
Downtown Lexington is 1.5 miles away.
Downtown Lexington is 1.5 miles away.
Key Highlights
- 9,183 square feet of warehouse space
- 1.5 miles from downtown Lexington
- Located at 819 Porter Place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,275
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,465,500
$1.5M
Cap Rate 7%
$1,046,786
$1.0M
Cap Rate 9%
$814,167
$814.2K
Market Conditions
NOI Build-Up for 9,183 SF
Gross rent
$121.2K $13.20/SF
− Vacancy
−$8.5K −$0.92/SF
EGI
$112.7K $12.28/SF
− OpEx
−$39.5K −$4.30/SF
NOI
$73.3K $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%
$1,465,500
Cap Rate 7%
$1,046,786
Cap Rate 9%
$814,167
Alternative Uses
Best Use
Flex RnD
$1.05M
$915.9K – $1.22M
NOI $73,275 @ 7.0% cap · market cap 6.11%
Second Best
Warehouse
$943.4K
$825.4K – $1.10M
NOI $66,035 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,928 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
779
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40508, KY
25,586
Population
11,458
Households
2.2
Avg Household Size
26
Median Age
36%
College-Educated
86%
High-School Grad
4.2 sq mi
ZIP Area
6,092
Density / Sq Mi
$28,040
Median Household Income
$13,316
Median Earnings
$900
Median Rent
$174,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - The property offers a flexible warehouse layout near central Lexington.
Where is this flex space located?
The property is located at 819 Porter Place Lexington, KY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 9,183 square feet of warehouse space; 1.5 miles from downtown Lexington; Located at 819 Porter Place
