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    1031 Wellington Way, Unit 230 Lexington, KY 40513

    New
    For Sale
    $140,000

    SINGLE_FAMILY - Lexington, KY

    Type:Office
    Property size:
    584 SF
    Days on Market:
    2
    Last Refresh:
    Dec 11 at 4:06 pm

    Property Features for 1031 Wellington Way

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Office
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    P-1
    APN
    38173530
    Size
    584 SF

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Metal

    White Realty, LLC 6615029

    Listing agent Marcos Gil

    Listing date Dec 10, 2025

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office Unit in Lexington, KY

    Located in Lexington, KY, 1031 Wellington Way Unit 230 presents a commercial investment opportunity. The property is situated in a P-1 zone, supported by a substantial daytime workforce of approximately 40,000 employees and a residential base with a median income exceeding $104,000. The location benefits from a daily traffic count of over 31,719 vehicles and offers immediate access to Man O' War and New Circle roads, as well as walkability to amenities such as Palomar Center. The 584 square foot unit features professional finishes, fiber optic internet, and updated LED lighting. The monthly HOA fee is $124 and covers key utilities. This property is suitable for both owner-users and investors seeking a secure commercial real estate asset.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Enlightenment Massage and wellness ... Massage Therapist Bryn Daulton: Allstate ... Insurance Agency Martin R Douglas Attorney Doug Martin Law ... Law Firm Small Business Solutions ... Tax Preparation Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.569915
    Latitude
    38.005841

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    FAQs

    What type of property is this?
    Office space - Office space with passive income potential in Lexington, KY.
    Where is this office space located?
    The property is located at 1031 Wellington Way, Unit 230 Lexington, KY.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: - Strategic location with 31,719+ daily traffic count and immediate access to major roads.; - Located in a P-1 zone supported by a large daytime workforce and a wealthy residential base, ensuring strong tenant demand.; - Passive income potential as a secure entry into the Lexington commercial market.
    6615029
    Request Owner's contact information
    1031 Wellington Way, Unit 230 Lexington, KY 40513
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    Lexington, KY 40513
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    Realmo Value Estimation

    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.

    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.

    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
    1031 Wellington Way, Unit 230 Lexington, KY 40513
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