Versatile Medical Office
1830 Versailles Road Lexington, KY 40504
For Sale
$700,000
COMMERCIAL - Lexington, KY
Property Size4,890 SF
Lot Size0.25 Acres
Price / SF$143.15
Days on Market47
Property Features for 1830 Versailles Road
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking
10
Parking features
Offsite
Basement
Finished
Standard status
Active
APN
24835400
Size
4,890 SF
Lot size
0.25 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1978
Floors in Building
2
Building materials
Stone, Wood Siding
Roof type
Composition
Listing Agency:
RE/MAX Elite Realty
(859) 408-7922
Listed By:
Brittany Taylor
(859) 893-9010
Added: Jun 11
Last Checked: Jul 27 at 1:06PM
MLS# 26013466
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.
This property at 1830 Versailles Road includes 4,425 square feet of above-grade space and an additional 1,736 square feet in the basement. Previously used as a medical office, the interior is laid out with multiple offices, treatment and exam rooms, a reception and waiting area, and ample storage. The existing configuration supports professional, medical, administrative, retail, or service-oriented operations, whether you plan for immediate occupancy or want to customize the space.
The offering is positioned in an area described as highly visible and easily accessible. With a 0.25-acre lot, the property provides a dedicated site setting for a range of commercial uses.
For buyers seeking an owner-user building, the room mix is already oriented around patient or client intake, staff workflow, and supporting storage. For investors, the property offers a flexible floor plan that may accommodate multiple office and service concepts, based on the current layout’s offices, reception/waiting area, and treatment/exam rooms.
The offering is positioned in an area described as highly visible and easily accessible. With a 0.25-acre lot, the property provides a dedicated site setting for a range of commercial uses.
For buyers seeking an owner-user building, the room mix is already oriented around patient or client intake, staff workflow, and supporting storage. For investors, the property offers a flexible floor plan that may accommodate multiple office and service concepts, based on the current layout’s offices, reception/waiting area, and treatment/exam rooms.
Key Highlights
- 4,425 SF of above‑grade commercial space plus 1,736 SF basement (total 6,161 SF).
- Former medical office layout with multiple offices, treatment/exam rooms, reception and waiting areas, and ample storage.
- Flexible for professional, medical, administrative, retail, or service‑based businesses.
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 | $88.0k | $18.00 |
| − Vacancy | −$15.1k | −$3.10 |
| EGI | $72.9k | $14.90 |
| − OpEx | −$18.2k | −$3.73 |
| NOI | $54.7k | $11.18 |
4,890 SF · lease $18.00/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$780.9K
$683.3K – $911.0K
NOI $54,660 @ 7.0% cap · market cap 7.81%
Second Best
Healthcare Medical
$740.4K
$647.8K – $863.8K
NOI $51,826 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$1.02M
$891.5K – $1.19M
NOI $71,317 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Commonwealth Animal Care — 2317 Versailles Rd, Lexington, KY 40504
- Alice Sears — 1801 Alexandria Dr STE 180, Lexington, KY 405043154
Frequently Asked Questions
What type of property is this?
Medical Office Space - Former medical office with flexible room layout and substantial above-grade plus basement space for owner-users or investors.
Where is this medical office space located?
The property is located at 1830 Versailles Road Lexington, KY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 4,425 SF of above‑grade commercial space plus 1,736 SF basement (total 6,161 SF).; Former medical office layout with multiple offices, treatment/exam rooms, reception and waiting areas, and ample storage.; Flexible for professional, medical, administrative, retail, or service‑based businesses.
