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Property profile & analytics
OFF-MARKET
Retail space

470 New Cir Rd Lexington, KY 40505-2600

10,800 SF 0.84 ac lot Built 1978
Entity Owned 3-yr Hold Free & Clear
Property ID
US34-0441828
Property summary
AI-generated overview

This exceptional retail property, located at 470 New Circle Road, offers a prime opportunity for businesses seeking high visibility and accessibility. The single-story building boasts 1,200 square feet of vacant space, perfect for a variety of retail uses. Situated on New Circle Road, this location benefits from significant daily traffic, ensuring maximum exposure for your business. The property is zoned B-3, allowing for a wide range of commercial activities. The space is available for lease at a base rent of $1,500 per month, plus common area maintenance (CAM) charges. This represents a compelling value proposition for businesses looking to establish or expand their presence in a thriving commercial area. The building itself is a single structure, offering convenient access and ample space for retail operations. The property's strategic location on New Circle Road provides excellent visibility and accessibility for customers, contributing to a strong potential for business success. This is an exceptional opportunity to secure a well-located retail space in a high-traffic area. The 1,200 square feet of available space offers flexibility for various retail concepts, and the attractive lease terms make this a highly desirable property. Don't miss this chance to establish your business in a prime location. Contact us today to schedule a viewing.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1978
Total area 10,800 SF
Lot 0.84 ac (36,682 SF)
Zoning code B-3
APN 23814500
UPID US34-0441828
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
  • Well Groomed Barbershop Parlor Barber Shop
  • Up In Smoke Liquor & Tobacco (Bike/Boat/Book/etc) Store
  • Na'sii Clothing Llc Clothing Store
  • Dr. Hebert Veterinary Clinic
  • LendNation Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lenox Properties LLC · 3 yrs held
Lenox Properties LLC
since 2022
Last sale
$10.3M
3 recorded transactions
2022
$10.3M
2021
$5.5M
2021
$11.0M
Zoning & alternative use
B-3 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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