2134 Nicholasville Road, Lexington, KY 40503
COMMERCIAL - Lexington, KY
- Added:
- May 1, 2026
- Days on Market:
- 53
- Last Refresh:
- Jun 22 at 11:06 am
Property Features for 2134 Nicholasville Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking
- 90
- Parking features
- Open
- Standard status
- Active
- APN
- 13722300
- Size
- 19,145 SF
- Lot size
- 2.22 Acres
Building Details
- Year built
- 1962
- Floors in Building
- 2
Listing agent Judy Rola (859) 421-5839
Listing office Kentucky Real Estate Group 355 South Broadway Ste 406, Lexington, KY (859) 421-5839
Listing date May 1, 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
- Premier, highly visible location on Nicholasville Rd.
- Expansive 2.2‑acre lot.
- Ample on‑site parking.
- High traffic count (40,000+ cars per day).
- Ideal for medical, professional, and administrative use.
- Minutes from UK Healthcare and Baptist Hospital.
Overview
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 | $390.6k | $20.40 |
| − Vacancy | −$52.0k | −$2.72 |
| EGI | $338.5k | $17.68 |
| − OpEx | −$84.6k | −$4.42 |
| NOI | $253.9k | $13.26 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.516417
- Latitude
- 38.009427