Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1000 E Lexington Ave Unit 112 #116 #118, Unit 120 Danville, KY 40422

    Sponsored
    For Sale
    $485,000

    COMMERCIAL - Danville, KY

    Type:Office
    Property size:
    3,450 SF
    Lot size:
    0.12 Acres
    Days on Market:
    24
    Last Refresh:
    Feb 6 at 9:06 am

    Property Features for 1000 E Lexington Ave Unit 112 #116 #118

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    D05-002-018
    Parking features
    Open
    Size
    3,450 SF
    Lot size
    0.12 Acres

    Building Details

    Year built
    1989
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Nina Kirkland
    Nina Kirkland

    VIP Commercial Realty 2365450

    Listing agent Nina Kirkland (859) 236-1852

    Listing date Jan 14, 2026

    MLS# 26000972

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Danville Commercial Building For Sale

    Located within the Greenleaf Shopping Center, this commercial building provides approximately 3,450 square feet of flexible space. The property is configured into four separate suites, identified as #112, #116, #118, and #120. The multi-suite layout offers versatility for a variety of professional, service, or office uses, making it suitable for many business needs. Situated along E Lexington Avenue in Danville, Kentucky, the property offers convenient access to surrounding businesses, local amenities, and major routes. The lot size is approximately 0.12 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Danville
    County
    Boyle
    State
    Kentucky
    Longitude
    -84.750991
    Latitude
    37.655346

    Nearby Similar for Sale

    • $875,000
      5,700 SF

      Danville Mixed-Use Commercial Property

      Three-story commercial property with restaurant, banquet room, and apartment.
      303 W Main St, Danville, KY 40422
      View Details
    • $279,000
      7,600 SF

      Danville Multi-Level Commercial Opportunity

      Multi-level property near downtown Danville, ideal for commercial or residential conversion.
      205 Otter St, Danville, KY 40422
      View Details
    • $215,000
      1,764 SF

      Danville Duplex: Investor Opportunity

      Well-maintained duplex near amenities, ideal for investors or owner-occupants.
      174-176 Lisa Ave, Danville, KY 40422
      View Details
    • $1,200,000
      13,000 SF

      Downtown Danville Office Building

      Large office building with multiple spaces and secure access.
      198 W Broadway St, Danville, KY 40422
      View Details
    • $275,000
      450 SF

      Herrington Lake Marina Opportunity

      Marina with expansion potential on Herrington Lake.
      1358 Taylor Rd, Danville, KY 40422
      View Details
    • $199,900
      0.21 Acres

      Danville Office Building For Sale

      Professional office building near downtown Danville with versatile business uses.
      813 S 4Th St, Danville, KY 40422
      View Details
    • $449,000
      1,715 SF

      Main Street Mixed-Use Investment

      Three-unit building with retail space in thriving Danville, Kentucky.
      129 E Main St, Danville, KY 40422
      View Details
    • $119,900
      Pending

      Danville Duplex: Income Opportunity

      Income-producing duplex with two large units in Danville, Kentucky.
      609 N 3Rd St, Danville, KY 40422
      View Details
    • $208,500
      1,980 SF

      Danville Multifamily Property For Sale

      Multifamily property in Danville, KY, featuring 1980 square feet.
      99-103 E Jefferson Ave, Danville, KY 40422
      View Details
    • $479,999
      3,776 SF

      Versatile Commercial Property with Income

      Commercial property with garage, apartment, storage, and high visibility.
      1620 Shakertown Rd, Danville, KY 40422
      View Details
    • New
      $324,900
      1,230 SF

      Historic Danville Property with Expansion Potential

      Turnkey historic property near downtown, suitable for short-term rental.
      200-204 E Walnut St, Danville, KY 40422
      View Details
    • $1,290,000
      10,800 SF

      Danville Office Building For Sale

      Spacious office building in downtown Danville with 36 private offices.
      459 W Martin Luther King Blvd, Danville, KY 40422
      View Details

    FAQs

    What type of property is this?
    Office space - Commercial building with flexible space in Greenleaf Shopping Center.
    Where is this office space located?
    The property is located at 1000 E Lexington Ave Unit 112 #116 #118, Unit 120 Danville, KY.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: - Located within the Greenleaf Shopping Center.; - Approximately 3,450 square feet of flexible space.; - Multi-suite layout (four suites: #112, #116, #118, and #120).
    (859) 236-5450
    Request Owner's contact information
    1000 E Lexington Ave Unit 112 #116 #118, Unit 120 Danville, KY 40422
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1000 E Lexington Ave Unit 112 #116 #118, Unit 120
    Danville, KY 40422
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1000 E Lexington Ave Unit 112 #116 #118, Unit 120 Danville, KY 40422
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nina Kirkland
    Nina Kirkland
    Real Estate License ID: 224257
    (859) 236-5450
    Learn more
    Google sign-in failed. Please try again or use another login method.