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Property profile & analytics
OFF-MARKET Estimated value $5,035,000
Warehouses

949 National Ave Lexington, KY 40502-1488

14,400 SF 4.04 ac lot Built 1995
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US34-0633557
Property summary
AI-generated overview

This exceptional 1,250-square-foot flex space is available for lease at 949 National Avenue, Suite 157, Lexington, KY 40502. Located in the desirable National Avenue corridor, this property offers a unique blend of office and warehouse space, perfect for a variety of businesses. The unit boasts 168 square feet of climate-controlled office space, featuring an open layout, a modern glass storefront, durable LVP flooring, and a convenient restroom. The warehouse area encompasses 1,082 square feet, providing ample room for storage or operations. Key features include a 10'x12' drive-in door, impressive 13'-15' clear ceiling height, energy-efficient LED lighting, suspended gas heating, and robust 200 AMP, 3-phase electrical service. The building, constructed in 2019, is part of the National Station development, situated at the corner of Richmond Avenue and National Avenue, offering easy access to Richmond Road and Winchester Road, as well as downtown Lexington, New Circle Road, and interstates I-64/I-75. The B-4 zoning provides flexibility for various business types. This property is part of a thriving business community, sharing the development with established businesses such as Nate's Coffee, Void Sake, and others. The single-story, 11,250-square-foot building is situated on APN 40326100 in Fayette County.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1995
Total area 14,400 SF
Lot 4.04 ac (176,026 SF)
Zoning code B-4
APN 40326100
UPID US34-0633557
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
  • Pitching Performance Lab Lexington Sports Field & Court Sports School
  • Cosmedic Essentials by Courtney Mitchell Spa & Massage Center Alternative Medicine Practice
  • Nebutori Food Truck Restaurant
  • Pro Street Performance & Detailing Car Wash
  • Pro Street Performance Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.04M
Blend (final) Blend
$5.04M
Owner & transaction history
Liberty Station LLC
Liberty Station LLC
since 2026
2 recorded transactions
2026
Price N/A
2020
Price N/A
Zoning & alternative use
B-4 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B-4, I-1 or I-2 zone. Home occupation means a gainful occupation or profession carried on in a residence that does not involve customer or client visits to the residence (excluding pick-up or pre-ordered items or drop-off of items to be repaired); and materials or equipment used in the conduct of the home occupation is limited to items that have minimal pote…

Zone name Wholesale And Warehouse Business
General category INDUSTRIAL
Zone area 647.27 ac
Top alternative use upside
Auto repair, garage $5.3M +109.4%
Restaurant $4.7M +86.9%
Retail stores $3.4M +37.0%
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