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    United Real Estate Lexington KY

    444 Lewis Hargett Circle, Ste. 180, Lexington, KY 40503
    (859) 396-6706
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    Size: 10+ agents

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    • Land
    • Commercial Sale
    • Commercial Lease
    • Residential Multi Family

    Listings

    For Sale (37)

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    Residential Land in Desirable Subdivision
    Contact for pricing
    0.18 Acres

    Residential Land in Desirable Subdivision

    Residential land in Morehead, KY, ideal for building a home.

    Grayson Dr, Morehead, KY 40351
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    Residential Lot in Desirable Location
    Contact for pricing
    0.26 Acres

    Residential Lot in Desirable Location

    Ideal lot for building your dream home in Morehead, Kentucky.

    Grayson Dr, Morehead, KY 40351
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    Residential Lot in Desirable Subdivision
    Contact for pricing
    0.31 Acres

    Residential Lot in Desirable Subdivision

    Residential lot in Morehead, Kentucky, ideal for building a home.

    35 Cave Run Ct, Morehead, KY 40351
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    Residential Land in Morehead, KY
    $34,500
    0.81 Acres

    Residential Land in Morehead, KY

    Residential land ideal for building a dream home.

    Dogwood Dr, Morehead, KY 40351
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    Residential Land with Mountain Views
    $45,000
    1.47 Acres

    Residential Land with Mountain Views

    1.47 acre lot near Irvine, KY, with mountain views.

    111111 Spout Springs Rd, Irvine, KY 40336
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    Commercial Lot in Bustling Area
    $550,000
    2.00 Acres

    Commercial Lot in Bustling Area

    Pad-ready commercial lot in a high-traffic Morehead location.

    American Legion Way, Morehead, KY 40351
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    Residential Land in Morehead, KY
    $33,500
    0.85 Acres

    Residential Land in Morehead, KY

    Residential land ideal for building a dream home.

    Kinder Dr, Morehead, KY 40351
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    Versatile Commercial Building in Clay City
    $150,000
    1,004 SF

    Versatile Commercial Building in Clay City

    Dual-unit commercial building with high visibility and income potential.

    5657 Main St, Clay City, KY 40312
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    Residential Land in Morehead, KY
    $38,500
    1.50 Acres

    Residential Land in Morehead, KY

    Ideal lot for building a dream home in Morehead, KY.

    Hickory Dr, Morehead, KY 40351
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    Residential Land in Morehead, KY
    $30,500
    0.89 Acres

    Residential Land in Morehead, KY

    Ideal lot for building a dream home near downtown.

    Hickory Dr, Morehead, KY 40351
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    Residential Land in Desirable Location
    Contact for pricing
    0.53 Acres

    Residential Land in Desirable Location

    Ideal lot for building your dream home in Morehead, Kentucky.

    Grayson Dr, Morehead, KY 40351
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    Residential Lot in Desirable Subdivision
    Contact for pricing
    0.19 Acres

    Residential Lot in Desirable Subdivision

    Ideal lot for building your dream home in Morehead, Kentucky.

    Buckhorn Dr, Morehead, KY 40351
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    Residential Land in Desirable Subdivision
    Contact for pricing
    0.20 Acres

    Residential Land in Desirable Subdivision

    Ideal lot for building your dream home in Morehead, Kentucky.

    Grn Bo Ct, Morehead, KY 40351
    View details
    Unique Office Building in Morehead
    $300,000
    2.00 Acres

    Unique Office Building in Morehead

    Distinctive 2,832 sq ft office in MMRC Industrial Park.

    100 Lake Park Dr, Morehead, KY 40351
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    Residential Lot in Desirable Subdivision
    Contact for pricing
    0.19 Acres

    Residential Lot in Desirable Subdivision

    Residential lot in Morehead, Kentucky, ideal for building a home.

    Grayson Dr, Morehead, KY 40351
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    8 Acres Ideal Horse Enthusiasts
    $369,500
    8.00 Acres

    8 Acres Ideal Horse Enthusiasts

    8-acre property perfect for horse enthusiasts seeking space and serenity.

    Ashgrove Rd, Nicholasville, KY 40356
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    Commercial Land Near Cave Run
    $199,999
    0.99 Acres

    Commercial Land Near Cave Run

    High-traffic commercial property near Cave Run Lake recreational destinations.

    34 Mckenzie Rd, Salt Lick, KY 40371
    View details
    Downtown Winchester Commercial Building For Sale
    $250,000
    4,300 SF

    Downtown Winchester Commercial Building For Sale

    Renovated commercial building with live/work space potential in Winchester, KY.

    18 N Main St, Winchester, KY 40391
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    Land For Sale, Morehead, KY
    $250,000
    50.47 Acres

    Land For Sale, Morehead, KY

    50.466 acres of land available in Morehead, Kentucky.

    6800 Lower Licking Rd, Morehead, KY 40351
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    Secluded Recreational Land Near Morehead
    $295,000
    129.50 Acres

    Secluded Recreational Land Near Morehead

    129+ acres of hunting and recreational land near Morehead, KY.

    Fraley Dr, Morehead, KY 40351
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    Wooded Acres with Hilltop Cabin
    $250,000
    45.00 Acres

    Wooded Acres with Hilltop Cabin

    45 acres with cabin, ideal for hunting and recreation.

    4445-2 Pine Grove Rd, Means, KY 40346
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    Nicholasville Vacant Land For Sale
    $899,900
    6.89 Acres

    Nicholasville Vacant Land For Sale

    6.89 acres of vacant land with development potential.

    1-D Ohare Ln, Nicholasville, KY 40356
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    Red River Gorge Land Parcel
    $69,900
    1.31 Acres

    Red River Gorge Land Parcel

    1.31 acre lot near Red River Gorge hiking trails.

    725 Darrell Randall Rd, Stanton, KY 40380
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    Operating Convenience Store with Apartments
    $575,000
    1,536 SF

    Operating Convenience Store with Apartments

    Profitable convenience store with restaurant, apartments, and outdoor patio.

    9335 Cranston Rd, Morehead, KY 40351
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    Wooded Acreage in Means, Kentucky
    $105,000
    26.00 Acres

    Wooded Acreage in Means, Kentucky

    26+/- acres of wooded land with trails and cabin spots.

    4445-3 Pine Grove Rd, Means, KY 40346
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    Residential Lot in Desirable Location
    Contact for pricing
    0.22 Acres

    Residential Lot in Desirable Location

    Residential lot in Morehead, KY, ideal for building a home.

    Grayson Dr, Morehead, KY 40351
    View details
    Kentucky Land with Farmhouse Potential
    $509,000
    43.55 Acres

    Kentucky Land with Farmhouse Potential

    43+/- acre tract in Jessamine County, ideal for farming.

    1975 High Bridge Rd, Wilmore, KY 40390
    View details
    Commercial Land Near Cave Run
    $199,999
    0.99 Acres

    Commercial Land Near Cave Run

    High-traffic commercial land near Cave Run Lake recreational destinations.

    34 Mckenzie Rd, Salt Lick, KY 40371
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    Residential Lot in Desirable Subdivision
    Contact for pricing
    0.15 Acres

    Residential Lot in Desirable Subdivision

    Ideal lot for building your dream home in Morehead, KY.

    Hoptree Dr, Morehead, KY 40351
    View details
    Mt Sterling Land For Sale
    $499,900
    1.77 Acres

    Mt Sterling Land For Sale

    1.77 acre commercial and residential land for sale.

    650 Winchester Rd, Mt Sterling, KY 40353
    View details
    Residential Land in Desirable Location
    Contact for pricing
    0.49 Acres

    Residential Land in Desirable Location

    Ideal lot for building your dream home in Morehead, Kentucky.

    Grayson Dr, Morehead, KY 40351
    View details
    Residential Lot in Desirable Subdivision
    Contact for pricing
    0.29 Acres

    Residential Lot in Desirable Subdivision

    Ideal lot for building your dream home in Morehead, Kentucky.

    Lake Shore Dr, Morehead, KY 40351
    View details
    Residential Land in Morehead, KY
    $30,500
    0.76 Acres

    Residential Land in Morehead, KY

    Residential land ideal for building a dream home.

    Dogwood Dr, Morehead, KY 40351
    View details
    Residential Land in Morehead, KY
    $31,500
    1.00 Acre

    Residential Land in Morehead, KY

    Residential land ideal for building a dream home.

    Hickory Dr, Morehead, KY 40351
    View details
    Prime Morehead, KY Land Opportunity
    $799,000
    2.00 Acres

    Prime Morehead, KY Land Opportunity

    2-Acre Commercial Lot - $799,000

    000 American Legion Way, Morehead, KY 40351
    View details
    125 Little Perry Rd, Morehead, KY 40351
    $225,000
    1.66 Acres

    125 Little Perry Rd, Morehead, KY 40351

    Commercial real estate • 1.66 Acres

    125 Little Perry Rd, Morehead, KY 40351
    View details
    Versatile Commercial Building in Clay City
    $150,000

    Versatile Commercial Building in Clay City

    Two-unit commercial building in Clay City, Kentucky, for sale.

    5657 Main St, Clay City, KY 40312
    View details

    For Lease (7)

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    Private Office Spaces For Lease
    $650 / Mo
    50,000 SF

    Private Office Spaces For Lease

    Private office spaces in professional building near downtown Lexington.

    1500 Leestown Rd, Lexington, KY 40511
    View details
    Lexington Office Spaces For Lease
    $850 / Mo
    2,168 SF

    Lexington Office Spaces For Lease

    Individual office spaces available in Lexington's Lewis Hargett Business Complex.

    444 Lewis Hargett Cir, Lexington, KY 40503
    View details
    Office Space in Lexington Business Center
    $650 / Mo
    100 SF

    Office Space in Lexington Business Center

    Individual offices for lease with utilities included in Lexington, KY.

    444 Lewis Hargett Cir, Lexington, KY 40503
    View details
    Office Space in Lexington, KY
    $575 / Mo
    65 SF

    Office Space in Lexington, KY

    Individual office spaces for lease in Lexington, Kentucky.

    444 Lewis Hargett Cir, Lexington, KY 40503
    View details
    Morehead Office Space For Lease
    $3,900 / Mo
    4,057 SF

    Morehead Office Space For Lease

    Prime office space with potential tax and expense advantages.

    344 Christy Crk Rd, Morehead, KY 40351
    View details
    Office Space in Lexington, KY
    $900 / Mo
    150 SF

    Office Space in Lexington, KY

    Individual office spaces for lease in Lexington's Lewis Hargett Business Center.

    444 Lewis Hargett Cir, Lexington, KY 40503
    View details
    Office Space in Lexington Business Center
    $800 / Mo
    105 SF

    Office Space in Lexington Business Center

    Individual office spaces for lease with utilities included.

    444 Lewis Hargett Cir, Lexington, KY 40503
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    United Real Estate Lexington KY
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