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

    1096 Duval St, Unit 210 Lexington, KY 40515

    Sponsored
    For Lease
    $1,475 /Mo ($16 SF/Yr)

    COMMERCIAL - Lexington, KY

    Type:Office
    Property size:
    1,100 SF
    Lot size:
    5.00 Acres
    Days on Market:
    6
    Last Refresh:
    Jan 29 at 10:06 am

    Property Features for 1096 Duval St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    P-1
    APN
    38173380
    Parking features
    Open
    Size
    1,100 SF
    Lot size
    5.00 Acres

    Utilities

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

    Building Details

    Year built
    2006
    Floors in Building
    2

    We can help!

    Listing Contact
    Deborah J Ball

    Deborah Ball Realty 2254604

    Listing agent Deborah J Ball (859) 225-4604

    Listing date Jan 24, 2026

    MLS# 25507742

    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

    Modern Office Space in Lexington

    Located in Lexington, the Duval Center offers office space suitable for commercial P-1 businesses. The location provides convenient access to residential areas, New Circle, and downtown Lexington. The available space is modern and move-in ready, featuring three offices, a reception area, and a bathroom. The interior finish is high-end. The property benefits from ample parking. The lot size is 5 acres and the property size is 1100 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TATES CREEK INSURANCE Auto Insurance Agency Shelter Insurance - AMBER ... Insurance Agency Shelter Insurance - Craig ... Insurance Agency Emilie Carter Social Worker Condo Website by ... Association / Organization

    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
    -84.496048
    Latitude
    37.96525

    Nearby Similar for Lease

    • $30 SF/Yr
      13,504 SF

      Professional Office Space For Rent

      Office space with high visibility near St Joseph Hospital East.
      101 N Eagle Creek Dr, Lexington, KY 40509
      View Details
    • $650 /Mo
      46,258 SF

      Downtown Lexington Coworking Space

      Flexible coworking and office spaces in downtown Lexington.
      110 W Vine St, Lexington, KY 40507
      View Details
    • $650 /Mo
      Pending

      Turnkey Office Condo on Man

      Premier office space with visibility on Man O' War.
      525 Darby Creek Rd, Lexington, KY 40509
      View Details
    • $625 /Mo
      50,000 SF

      Private Office Spaces For Lease

      Three private office spaces available in Lexington, Kentucky.
      1500 Leestown Rd, Lexington, KY 40511
      View Details
    • $15 SF/Yr
      3,800 SF

      Lexington Office/Showroom with Warehouse Space

      Prime commercial space with office, showroom, and warehouse components.
      2577 Regency Rd, Lexington, KY 40503
      View Details
    • New
      $850 /Mo
      2,168 SF

      Office Space in Lexington, KY

      Office spaces available for lease in Lexington's Lewis Hargett Complex.
      444 Lewis Hargett Cir, Lexington, KY 40503
      View Details
    • $19 SF/Yr
      6,848 SF

      Downtown Lexington Creative Office Space

      Renovated historic building with modern amenities in downtown Lexington.
      146 E Third St, Lexington, KY 40508
      View Details
    • $12 SF/Yr
      2,200 SF

      Standalone Office Building Near Masterson

      Two-story office building with eight private offices and ample parking.
      2337 Sandersville Rd, Lexington, KY 40511
      View Details
    • New
      $1,812 /Mo
      1,208 SF

      Modern Office Space in Lexington

      Move-in ready office space with modern finishes and ample parking.
      1092 Duval St, Lexington, KY 40515
      View Details
    • $9 SF/Yr
      Pending

      Lexington Flex Space For Lease

      9,000 SF flex space with I-2 zoning available for lease.
      195 S Forbes Rd, Lexington, KY 40511
      View Details
    • $5,000 /Mo
      2,846 SF

      Historic Downtown Office Space Available

      Renovated office space in historic downtown Lexington, move-in ready.
      642 W Main St, Lexington, KY 40508
      View Details
    • $22 SF/Yr
      7,700 SF

      Lexington Office Space For Rent

      First floor office space with convenient access and ample parking.
      1716 Sharkey Way, Lexington, KY 40511
      View Details

    FAQs

    What type of property is this?
    Office space - Move-in ready office space with high-end finishes and ample parking.
    Where is this office space located?
    The property is located at 1096 Duval St, Unit 210 Lexington, KY.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Prime location near residential areas, New Circle, and downtown Lexington.; - Suitable for commercial P-1 business.; - **Modern, move-in ready office space.**
    (859) 621-5310
    Request Owner's contact information
    1096 Duval St, Unit 210 Lexington, KY 40515
    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.
    1096 Duval St, Unit 210
    Lexington, KY 40515
    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
    1096 Duval St, Unit 210 Lexington, KY 40515
    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
    Deborah J Ball
    Real Estate License ID: 199727
    (859) 621-5310
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.