Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1300 New Circle Rd Lexington, KY 40505

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    15,263 SF Flex/Warehouse Available

    Lot size:
    309,135 SF

    Property Features for 1300 New Circle Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    309,135 SF

    Spaces For Lease

    at 1300 New Circle Rd, Lexington, KY 40505 Contact us

    We can help!

    Listing Contact
    Chad Voelkert
    Chad Voelkert

    Listing Agency: NAI Isaac Listing Agent: Chad Voelkert

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lexington Business Center offers a prime 15,263 square foot flex/warehouse space for lease within a larger, multi-use development. This exceptional property, located at 1300 E New Circle Rd, Lexington, KY 40505, sits on a substantial 19.71-acre lot at the highly visible intersection of New Circle Road and Liberty Road. The building itself boasts a total of 309,135 square feet, encompassing office, retail, and industrial spaces. This particular unit is part of a larger, single-suite complex, providing ample space for a variety of business needs. The property's strategic location provides easy access to major thoroughfares, including Man O' War Boulevard and Interstates 75/64, ensuring convenient commutes for employees and clients. The zoning designation is a blend of I-1 (Light Industrial) and B-3 (Highway Business), offering flexibility for a range of commercial uses. This is a rare opportunity to secure a significant space in a well-established, multi-use development with excellent visibility and accessibility in a thriving Lexington location. The property is zoned for light industrial and highway business uses, offering versatility for various business types. The address is 1300 E New Circle Rd, Lexington, KY 40505.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Summit Salon Academy Vocational School Hopebridge Autism Therapy ... Medical Clinic Precision Tools Services ... Department Store Nekari Hill Counselor Christopher Siegel Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4534472
    Latitude
    38.0288083

    Nearby Similar for Lease

    • $950 /Mo
      84 SF

      Office Suites in Chevy Chase

      Upscale office building with amenities in the heart of Chevy Chase.
      804 Chevy Chase Pl, Lexington, KY 40502
      View Details
    • New
      $575 /Mo
      65 SF

      Lexington Office Space For Lease

      Individual offices for lease in Lexington's Lewis Hargett Business Center.
      444 Lewis Hargett Cir, Lexington, KY 40503
      View Details
    • New
      $14 SF/Yr
      3,750 SF

      Adaptable Office/Lab Space Available

      Versatile office/lab space for lease in Lexington, Kentucky.
      1509 Bull Lea Rd, Lexington, KY 40511
      View Details
    • $15 SF/Yr
      4,194 SF

      Lexington Office Space For Rent

      Spacious office space in Lexington's thriving business corridor.
      860 Corporate Dr, Lexington, KY 40503
      View Details
    • $21 SF/Yr
      4,902 SF

      Class A Office Building

      Renovated office space for lease in Lexington, KY.
      2312 Alexandria Dr, Lexington, KY 40504
      View Details
    • $40 SF/Yr
      221 SF

      Downtown Lexington Redevelopment Opportunity

      Mixed-use space for retail, restaurant, and office in Lexington.
      325 W Main St, Lexington, KY 40507
      View Details
    • $40 SF/Yr
      260 SF

      Downtown Lexington Redevelopment Opportunity

      Mixed-use space in downtown Lexington with retail, office, and restaurant.
      325 W Main St, Lexington, KY 40507
      View Details
    • $40 SF/Yr
      156 SF

      Downtown Lexington Redevelopment Opportunity

      Prime commercial space in downtown Lexington's newest redevelopment.
      325 W Main St, Lexington, KY 40507
      View Details
    • $40 SF/Yr
      272 SF

      Downtown Lexington Redevelopment Opportunity

      New retail and office spaces in downtown Lexington.
      325 W Main St, Lexington, KY 40507
      View Details
    • $40 SF/Yr
      215 SF

      Downtown Lexington Redevelopment Opportunity

      Prime retail and office spaces in downtown Lexington.
      325 W Main St, Lexington, KY 40507
      View Details
    • $40 SF/Yr
      286 SF

      Downtown Lexington Redevelopment Opportunity

      New retail, restaurant, and office spaces in downtown Lexington.
      325 W Main St, Lexington, KY 40507
      View Details
    • $25 SF/Yr
      1,188 SF

      Downtown Lexington Redevelopment Opportunity

      Retail, restaurant, and office spaces available in downtown Lexington.
      325 W Main St, Lexington, KY 40507
      View Details

    FAQs

    What type of property is this?
    Distribution property - 15,263 SF Flex/Warehouse Available
    Where is this distribution property located?
    The property is located at 1300 New Circle Rd Lexington, KY.
    What are key features of this property?
    This property features: Five-building, mixed-use property totaling ±309,135 SF on ±19.71 acres.; ±15,263 SF of leasable space available, offering flexible lease terms.; Fully sprinklered.
    (859) 422-4408 Call to check price and availability
    Request Owner's contact information
    1300 New Circle Rd Lexington, KY 40505
    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.
    1300 New Circle Rd
    Lexington, KY 40505
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1300 New Circle Rd Lexington, KY 40505
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chad Voelkert
    Chad Voelkert
    Real Estate License ID: 61869
    (859) 422-4408
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!