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    2355 Huguenard Drive Lexington, KY 40503

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    Claim this Listing
    For Lease
    $16 SF/Yr

    COMMERCIAL - Lexington, KY

    Type:Office
    Property size:
    2,563 SF
    Lot size:
    0.50 Acres
    Added:
    Feb 19, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 13 at 2:06 am

    Property Features for 2355 Huguenard Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking
    20
    Standard status
    Active
    APN
    19992940
    Size
    2,563 SF
    Lot size
    0.50 Acres

    Building Details

    Year built
    1976
    Floors in Building
    2

    We can help!

    Listing Contact
    Alaina Stokes

    Listing agent Alaina Stokes License #KY 74753

    Listing office Block + Lot Real Estate 133 W Short St, Lexington, KY

    Listing date Feb 19, 2026

    MLS# 26002993

    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

    Office Space in Lexington Corridor

    Located on 0.5 acres at 2355 Huguenard Drive in Lexington, this two-story multi-tenant office building offers a leasing opportunity. The building has 6,840 square feet and includes approximately 20 surface parking spaces, with additional reciprocal parking available within the business park. A first-floor suite is available, offering 2,563 square feet with a private exterior entrance and an interior entrance through the lobby. The office layout includes a reception area, kitchenette, conference room, seven private offices, and a copy/work room. The suite features a traditional office layout and large windows for natural light. The property is located inside New Circle Road, off Nicholasville Road, with access from Pasadena Drive and E. Lowry Lane. Nicholasville Road connects residential areas to Lexington's retail corridor, healthcare systems, and the University of Kentucky. The location is near retailers, including Kroger, Trader Joe's, T.J. Maxx, Planet Fitness, Chipotle, and Panera. The property benefits from its location between the Nicholasville Road and Harrodsburg Road corridor, ample surface parking, and a building elevator. It is also in close proximity to restaurants, retailers, and banks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dana Martin Studio Tutoring Service Southeast ADA Center Charitable Organization Thrive Therapies Medical Clinic Senior Benefit Services-Ky ... Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.523441
    Latitude
    38.006157

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    FAQs

    What type of property is this?
    Office units - Office suite for lease in Lexington's retail and healthcare corridor.
    Where is this office units located?
    The property is located at 2355 Huguenard Drive Lexington, KY.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Prime location inside New Circle Road, off Nicholasville Road, in Lexington's retail and healthcare corridor.; Ample parking with 20 surface spaces and reciprocal parking agreements.; **First‑floor suite available with 2,563 SF, featuring a private exterior entrance.**
    (859) 801-8038
    We can help!
    Listing Contact
    Alaina Stokes
    Real Estate License ID: KY 74753
    Learn More
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    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
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