141 Prosperous Place Lexington, KY 40509
COMMERCIAL - Lexington, KY
- Added:
- May 13, 2026
- Days on Market:
- 59
- Last Refresh:
- Jul 10 at 8:06 pm
Property Features for 141 Prosperous Place
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 55
- Parking features
- Open
- Standard status
- Active
- APN
- 10043690
- Size
- 882 SF
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Electric
Building Details
- Year built
- 1989
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Composition
Listing agent Nicholas Ratliff (859) 351-9796
Listing office Real Broker, LLC - Lexington 141 Prosperous Pl Ste 22A, Lexington, KY (855) 554-2075
Listing date May 13, 2026
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.
Recent improvements include modern flooring, neutral paint tones, upgraded cabinetry, quartz countertops, and a custom accent wall. The property is described as offering convenient access to I-75 and the Hamburg and New Circle Rd corridors, with nearby restaurants, retail, medical, and professional services.
This office condo provides an option for owners looking to control their own workspace within an established east-side business corridor of Lexington.
Key Highlights
- Updated first‑floor office condo in Richmond Square Office Park
- Approximately 900 SF with a large conference/collaborative workspace, three private offices, kitchenette, restroom, and storage
- Recent updates include modern flooring, neutral paint tones, upgraded cabinetry, quartz countertops, and a custom accent wall
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.9k | $19.20 |
| − Vacancy | −$2.3k | −$2.56 |
| EGI | $14.7k | $16.64 |
| − OpEx | −$3.7k | −$4.16 |
| NOI | $11.0k | $12.48 |
