160 Prosperous Place, Lexington, KY 40509
COMMERCIAL - Lexington, KY
- Added:
- Jun 25, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 27 at 2:06 pm
Property Features for 160 Prosperous Place
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Rooms
- Basement
- Basement
- Walk-Out Access, Walk-Up Access, Partially Finished
- Standard status
- Active
- APN
- 19319000
- Size
- 6,840 SF
- Lot size
- 0.57 Acres
Utilities
- Cooling system
- Electric
Building Details
- Year built
- 1995
- Floors in Building
- 2
Listing agent Bryan Little License #217370 (859) 619-4969
Listing office Keller Williams Commonwealth 1908 Bryant Rd Suite 250, Lexington, KY (859) 721-2121
Listing date Jun 25, 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.
HighLights
- Two‑story medical office building with approx. 6,840 SF plus additional basement area
- Completely renovated in 2021 and converted to current medical office use
- First floor includes reception/waiting, nurses’ station/lab, 7 exam rooms, and 2 procedure/x‑ray rooms
- Second floor has multiple private offices plus a conference room and break room, with additional shell space for expansion or buildout
- Full basement is partially finished for office space with storage and overhead door access for records, equipment, or ancillary services
- Backup generator and sinks in four of the exam rooms
Overview
The second floor provides multiple private offices, a conference room, and a break room, along with additional shell space that could support future expansion or a future buildout. The full basement is partially finished for office use and includes additional storage. It is accessible via an overhead door, which can support storage of records or equipment and ancillary services.
Additional on-site features include a backup generator and sinks in four of the exam rooms. With a layout built around patient flow and clinical space, this property is well suited for an owner-user seeking a modern, operational healthcare facility, or for an investor looking for a healthcare-oriented building with room to adapt through future tenant improvements.
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 | $131.3k | $19.20 |
| − Vacancy | −$17.5k | −$2.56 |
| EGI | $113.8k | $16.64 |
| − OpEx | −$28.5k | −$4.16 |
| NOI | $85.4k | $12.48 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Richmond Road Veterinary Clinic — 3270 Richmond Rd, Lexington, KY 40509
- Blue Paw Primary Pet Care — 3101 Richmond Rd Ste 306, Lexington, KY 40509
- Kevin Smith — 3270 Richmond Rd, Lexington, KY 405091811
- PetVet365 Pet Hospital Lexington/Richmond Rd — 2870 Richmond Rd Suite 160 and 170, Lexington, KY 40509
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.44098
- Latitude
- 38.002341
