956 Enterprise CtLexington, KY 40510

Property Details for 956 Enterprise Ct

Lot size

2.00 AC

Zone code

I-1

Property type

Industrial properties

APN

38283340

APU

38283340

Description

This exceptional 7,000-square-foot sublease opportunity in Lexington, KY, presents a unique blend of creative office and industrial flex space. Located at 956 Enterprise Court, this 2020-built property is situated in a highly sought-after northwest industrial corridor, less than a mile from New Circle Road via Old Frankfort Pike. The space comprises 1,200 square feet of beautifully appointed office space, featuring modern industrial finishes, a reception area, a spacious office, and a large conference room with warehouse views. The remaining 5,800 square feet is dedicated to flexible industrial space, perfect for warehousing and distribution needs. This area boasts three 12-foot drive-in doors, impressive 18- to 21-foot ceilings, energy-efficient LED lighting, polished concrete floors, and abundant natural light enhanced by large windows and two Big Ass Fans. A well-equipped 400-square-foot break room with a kitchenette and separate men's and women's restrooms adds to the convenience. The property sits on a two-acre lot and is ideal for businesses seeking a shorter-term lease to accommodate warehousing, distribution, and administrative functions. This is a high-end flex development offering a sought-after space size in a prime location. The asking price is $13 million.

• CAP approach

  CAP return

  Valuation

  6%

  $34,364,700

  6.5%

  $31,721,300

  7%

  $29,455,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,038,300

  Geo Method

  $11,998,900

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $16,584,400

  Mixed-Use / Specialty

  $16,775,800

  Hospitality / Lodging

  $12,634,100

  Office

  $16,937,100

  Institutional / Educational

  $17,529,600

  Residential Income

  $20,509,700

  Multifamily

  $23,209,300

  Automotive / Energy

  $15,025,400

  Parking / Income-Based Land

  $4,937,570

  Restaurant / Food Service

  $9,259,910

  Healthcare / Senior Housing

  $16,946,400

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0586

Longitude

-84.5544

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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