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Ground-Floor Office Unit
For Lease
$18.50 SF/Yr Modified Gross

1021 Majestic Drive, Lexington, KY 40513

Commercial Lease, Lexington, KY

Space Size1,936 SF
Days on Market76

Property Features for 1021 Majestic Drive

General Information

Property type Commercial Lease
Property subtype Office
Zoning description P-1
Subdivision Commercial
Directions Beaumont Centre Circle to Majestic Dr
Standard status Active
APN 38110390
Size 1,936 SF

Building Details

Year built 2003
Listing Agency: Bluegrass Commercial Real Estate
Listed By: Brian Erwin · License #66559/210478
Added: Jun 29 Changed: Sep 8 Last Checked: Sep 12 at 11:06AM
MLS# 26015393

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.

Investment Insights

Based on property information with market context.

This 1,936-square-foot ground-floor office unit at 1021 Majestic Drive, Suite 180, provides a practical layout for medical, professional services, or general office operations. The suite includes 8 private offices, a dedicated reception and waiting area, a kitchenette break room, and a storage room. The building was constructed in 2003.

Located in Lexington’s Beaumont area, the suite is available in August under a Modified Gross lease. Its combination of private work areas, client-facing space, staff amenities, and storage supports a range of office configurations without requiring a large footprint.

Key Highlights

  • 1,936 SF ground‑floor office unit
  • 8 private offices
  • Dedicated reception and waiting area

Property Analytics

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Open Analytics

Current Use

John N Brugger ... Law Firm Vital Living Counseling ... Counselor Michael Rogers Counselor US Pharma Wholesale Industrial Manufacturer Fred Odago, MD Physician

Suggested Use

Top Pick Building Supply Auto Repair Shop Restaurant Big Box & Wholesale Store Auto Parts Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

1,468
Businesses Nearby

Demographics for 40513, KY

11,244
Population
4,734
Households
2.4
Avg Household Size
45
Median Age
71%
College-Educated
98%
High-School Grad
14.7 sq mi
ZIP Area
765
Density / Sq Mi
$126,642
Median Household Income
$76,503
Median Earnings
$1,413
Median Rent
$448,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Lexington, KY

$23.08 /SF/Yr
Avg Asking Price
$1.29–$220 /SF/Yr
Price Range
16,007 SF
Avg Space Size

This space is priced 20% below the average of $23.08 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Private offices, reception space, and a kitchenette support medical, professional services, or general office use.
Where is this office units located?
The property is located at 1021 Majestic Drive Lexington, KY.
What is the lease rate?
The lease rate is $18.50 SF/Yr.
What are key features of this property?
This property features: 1,936 SF ground‑floor office unit; 8 private offices; Dedicated reception and waiting area
More about this property
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