188 Turner Cmns Lexington, KY 40511
This exceptional 38,200-square-foot industrial flex space at 188 Turner Commons Way in Lexington, Kentucky, presents a unique investment opportunity. The property, situated on a 1.11-acre lot, boasts a newly renovated interior (2024) within a single-story building constructed in 1959. The flexible layout allows for various configurations, with a minimum divisible space of 6,000 square feet and a maximum contiguous space of 38,200 square feet—the entire building is currently vacant. The high ceilings range from 13 to 28 feet, and the property features two drive-in doors for convenient loading and unloading. Power is supplied by a 60-amp system. The property is zoned I-1 and its APN is 20130900. Located in Fayette County, this property offers unparalleled accessibility, less than five miles from the I-75/I-64 interchange, under a mile from New Circle Road, and just blocks from Lexington's Central Business District. This prime location provides exceptional convenience to area retail and Lexington's vibrant downtown core. The property's address is 188 Turner Cmns Wy, Lexington, KY 40511.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.