Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1502 Oxford Drive unit 150 Georgetown, KY 40324

    View on Map
    Claim this Listing
    For Lease
    $18 SF/Yr $24,798/Mo (calc)

    COMMERCIAL - Georgetown, KY

    Type:Office
    Property size:
    16,532 SF
    Lot size:
    1.10 Acres
    Added:
    Sep 23, 2024
    Days on Market:
    584
    Last Refresh:
    Apr 29 at 12:06 pm

    Property Features for 1502 Oxford Drive unit 150

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    189-10-030.001
    Size
    16,532 SF
    Lot size
    1.10 Acres

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Bryan Little

    Listing agent Bryan Little License #217370

    Listing office Keller Williams Commonwealth 1908 Bryant Rd Suite 250, Lexington, KY

    Listing date Sep 23, 2024

    MLS# 24020478

    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.

    Overview

    Georgetown Class A Office Space

    Available for rent is 1,687 square feet of Class A office space located in Georgetown, Kentucky. The property is configured as open workspace with multiple individual offices. A drive-thru is available. The property is situated on a 1.1-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Peyton Blanton, APRN Physician Todd Reinhart Pediatrician Martin Castillo, MD Pediatrician Allen Griffin, MD Physician Hugh Harrison Loeffler Physician

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Scott
    State
    Kentucky
    Longitude
    -84.5339759
    Latitude
    38.2328399

    Nearby Similar for Lease

    • $2,950/Mo

      Downtown Georgetown Commercial Space Available

      Commercial space for lease in downtown Georgetown with utilities included.
      135 E Main Street unit: 206-210, Georgetown, KY 40324
      View Details
    • $495/Mo

      Downtown Georgetown Professional Office Space

      Affordable office space in a prime Main Street location.
      137 E Main Street unit: 5, Georgetown, KY 40324
      View Details
    • $600/Mo

      Downtown Georgetown Office Space

      One-room office space in downtown Georgetown with utilities included.
      137 E Main Street unit: 2, Georgetown, KY 40324
      View Details
    • $795/Mo

      Downtown Georgetown Office Space

      Affordable office space in a prime downtown location.
      137 E Main Street unit: 4, Georgetown, KY 40324
      View Details
    • $380/Mo

      Renovated Office Space in Georgetown

      Executive offices for lease in downtown Georgetown, renovated in 2021.
      117 N Broadway St, Georgetown, KY 40324
      View Details
    • $1,375/Mo

      Downtown Georgetown Office Space Available

      Second-floor office space in downtown Georgetown with Main Street views.
      135 E Main Street unit: 201, 202, 203, Georgetown, KY 40324
      View Details
    • $10 SF/Yr

      Georgetown Village Retail Space

      Renovated retail space available in Georgetown Village Shopping Center.
      401 Outlet Center Drive unit: 100, Georgetown, KY 40324
      View Details
    • $28 SF/Yr

      Retail Space in Kroger Center

      2,500 SF retail space in premier shopping center.
      118 Marketplace Cir, Georgetown, KY 40324
      View Details
    • Contact for pricing

      Georgetown Shopping Center Retail Space

      Retail space available in Georgetown's Indian Acres Shopping Center.
      751 Slone Dr, Georgetown, KY 40324
      View Details
    • Contact for pricing

      Georgetown Retail/Medical Space Available

      Two spaces available for lease in Georgetown's Washington Square.
      1002 S Broadway St, Georgetown, KY 40324
      View Details
    • Contact for pricing

      Georgetown Village Shopping Center Space

      Retail spaces available in renovated Georgetown shopping center.
      401 Outlet Center Dr, Georgetown, KY 40324
      View Details
    • Contact for pricing

      Mount Vernon Medical Centre Space

      Medical office space available for lease in Georgetown, Kentucky.
      150 Mt Vernon Dr, Georgetown, KY 40324
      View Details

    FAQs

    What type of property is this?
    Office units - Class A office space in Georgetown with drive-thru availability.
    Where is this office units located?
    The property is located at 1502 Oxford Drive unit 150 Georgetown, KY.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Class A office space, a great opportunity for your business.; 1,687 s.f. (net) of well‑designed workspace.; Located in Georgetown, offering a desirable business address.
    (859) 619-4969
    We can help!
    Listing Contact
    Bryan Little
    Real Estate License ID: 217370
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!