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    FOR LEASE
    Office buildings

    1300 E New Circle Rd, Lexington, KY 40505

    34,344 SF 2.52 ac lot Built 1984
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US34-0544370
    Property summary
    AI-generated 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
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1984
    Total area 34,344 SF
    Lot 2.52 ac (109,771 SF)
    Zoning code B-3
    APN 10019590
    UPID US34-0544370
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Summit Salon Academy Vocational School Training Center
    • Hopebridge Autism Therapy Center Medical Clinic
    • Precision Tools Services Inc. Department Store
    • Nekari Hill Counselor
    • Christopher Siegel Physician Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.23M
    Blend (final) Blend
    $4.23M
    Owner & transaction history
    Collins & Miller Prop LLC · 10 yrs held
    Collins & Miller Prop LLC
    since 2015
    1 recorded transaction
    2015
    $14.4M
    Zoning & alternative use
    B-3 · Lexington, KY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $6.0M +24.4%
    Retail stores $4.9M +0.7%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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