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Property profile & analytics
FOR LEASE
Community centers

1555 E New Circle Rd Lexington, KY 40509

39,120 SF 2.21 ac lot Built 1978
Entity Owned Absentee Owner Free & Clear
Property ID
US34-0549323
Property summary
AI-generated overview

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 profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1978
Total area 39,120 SF
Lot 2.21 ac (96,268 SF)
Zoning code B-3
APN 15574951
UPID US34-0549323
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
  • Office Depot Tech Services Tech Support Center IT Consulting Firm
  • Pho Saigon Restaurant
  • W I Sparks General Contractor LLC Construction Company General Contractor
  • Kelen Computer Services Computer & Electronic Repair
  • The MailRoom Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
COLLINS & MILLER WOODHILL LLC
COLLINS & MILLER WOODHILL LLC
Zoning & alternative use
B-3 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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