Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1555 New Circle Rd Lexington, KY 40509

    Sponsored
    For Lease
    $9 SF/Yr

    High-traffic Lexington shopping center with available space.

    Lot size:
    341,956 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Woodhill Circle Plaza, located at 1555 E New Circle Rd, Lexington, KY 40509, presents a prime retail investment opportunity. This 341,956 square foot community shopping center boasts a highly desirable location on New Circle Road, a major Lexington thoroughfare with an average daily traffic count exceeding 42,767 vehicles. The property comprises twelve single-story buildings, offering excellent visibility and accessibility via multiple access points from New Circle Road, Palumbo Drive, Woodhill Drive, and Codell Drive. Spaces range from a minimum of 910 square feet to a maximum contiguous space of 2,100 square feet, with 9,410 square feet currently vacant. The center is anchored by established national retailers including Office Depot, Home Goods, The Tile Shop, and Dollar Tree, ensuring a strong tenant mix and consistent foot traffic. The property is zoned Commercial (APN: 15574950) and presents a unique chance to capitalize on a thriving retail market in a high-demand location. This is an exceptional opportunity for businesses seeking high visibility and convenient access in a well-established shopping center.

    Property Features for 1555 New Circle Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    341,956 SF
    Total Rate
    256467

    Building Details

    Buildings
    12
    Stories
    1

    Unit(s) available at that property

    Space
    369 Codell Dr
    Size
    1,600 SF
    Rate per SF
    $12
    Space
    377 Codell Dr
    Size
    1,600 SF
    Rate per SF
    $9
    Space
    2305 Woodhill Dr
    Size
    2,100 SF
    Rate per SF
    $28
    Space
    2323 Woodhill Dr
    Size
    1,600 SF
    Rate per SF
    $12
    Space
    1555 E New Circle Rd, Suite 138
    Size
    910 SF
    Rate per SF
    $22

    HighLights

    • 379,204 square foot community shopping center.
    • Anchored by Office Depot, HomeGoods, The Tile Shop, and Dollar Tree.
    • Excellent New Circle Road location, less than half a mile from Richmond Road, providing easy access to downtown and I‑75/64.
    • High‑traffic location.
    • Over 42,767 vehicles per day pass the center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Depot Tech ... Computer Support And Services Pho Saigon Vietnamese Restaurant W I Sparks ... General Contractor Kelen Computer Services Computer Repair Service The MailRoom Mailing Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4531191
    Latitude
    38.0218674

    Nearby Similar for Lease

    • New
      $30 SF/Yr
      13,504 SF

      Professional Office Space For Rent

      Office space with high visibility near St Joseph Hospital East.
      101 N Eagle Creek Dr, Lexington, KY 40509
      View Details
    • $650 /Mo
      46,258 SF

      Downtown Lexington Coworking Space

      Flexible coworking and office spaces in downtown Lexington.
      110 W Vine St, Lexington, KY 40507
      View Details
    • New
      $650 /Mo
      Pending

      Turnkey Office Condo on Man

      Premier office space with visibility on Man O' War.
      525 Darby Creek Rd, Lexington, KY 40509
      View Details
    • $625 /Mo
      50,000 SF

      Private Office Spaces For Lease

      Three private office spaces available in Lexington, Kentucky.
      1500 Leestown Rd, Lexington, KY 40511
      View Details
    • $15 SF/Yr
      3,800 SF

      Lexington Office/Showroom with Warehouse Space

      Prime commercial space with office, showroom, and warehouse components.
      2577 Regency Rd, Lexington, KY 40503
      View Details
    • $19 SF/Yr
      6,848 SF

      Downtown Lexington Creative Office Space

      Renovated historic building with modern amenities in downtown Lexington.
      146 E Third St, Lexington, KY 40508
      View Details
    • $1,812 /Mo
      1,208 SF

      Modern Office Space in Lexington

      Move-in ready office space with modern finishes and ample parking.
      1092 Duval St, Lexington, KY 40515
      View Details
    • $20 SF/Yr
      1,555 SF

      Downtown Lexington Commercial Space Available

      Remodeled office/retail space in downtown Lexington, near Sayre School.
      169 N Limestone, Lexington, KY 40507
      View Details
    • $18 SF/Yr
      3,187 SF

      Downtown Lexington Commercial Space Available

      Remodeled office/retail space in downtown Lexington with flexible floor plan.
      169 N Limestone, Lexington, KY 40507
      View Details
    • $17 SF/Yr
      3,000 SF

      Downtown Lexington Office Space Available

      Office suites in a historic building with downtown views.
      269 W Main St, Lexington, KY 40507
      View Details
    • $17 SF/Yr
      3,358 SF

      Downtown Lexington Office Space Available

      Office suites for lease in the heart of Downtown Lexington.
      269 W Main St, Lexington, KY 40507
      View Details
    • $17 SF/Yr
      3,358 SF

      Downtown Lexington Office Space Available

      Office suites in the heart of downtown Lexington's entertainment district.
      269 W Main St, Lexington, KY 40507
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic Lexington shopping center with available space.
    Where is this retail property located?
    The property is located at 1555 New Circle Rd Lexington, KY.
    What is the lease rate?
    The lease rate is $9-$28 SF/Yr.
    What are key features of this property?
    This property features: 379,204 square foot community shopping center.; Anchored by Office Depot, HomeGoods, The Tile Shop, and Dollar Tree.; Excellent New Circle Road location, less than half a mile from Richmond Road, providing easy access to downtown and I-75/64.
    Request Owner's contact information
    1555 New Circle Rd Lexington, KY 40509
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1555 New Circle Rd
    Lexington, KY 40509
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1555 New Circle Rd Lexington, KY 40509
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.