Medical Office Space For
3217 Summit Square Place Lexington, KY 40509
3217 Summit Square Place, Lexington, KY, 40509
$575,000
Pending
For Sale
$575,000
Pending
COMMERCIAL - Lexington, KY
Property Size3,090 SF
Days on Market50
Property Features for 3217 Summit Square Place
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking
- 56
- Standard status
- Pending
- APN
- 38131060
- Size
- 3,090 SF
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 2002
- Floors in Building
- 2
- Building materials
- Steel Frame, Brick, Concrete
- Roof type
- Shingle
Listing Agency
Plum Tree Realty
(513) 443-5060
2333 Alexandria Drive, West Chester, KY
Listed by
Brianna R Jonkers
(859) 221-2117
Added: May 30 Checked: Jul 18 at 2:06 pm
MLS# 26012336
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 commercial property, currently outfitted as a medical office, is available for sale. The property is located in Summit Square Place near St. Joe East in Lexington, Kentucky. The office space includes four treatment rooms, a waiting room, a central office, laundry and kitchen facilities, one restroom, a break room, and a storage room. The property has a size of 3090 square feet and is located in the 40509 postal code area of Fayette County.
Key Highlights
- Desirable location in Summit Square Place near St. Joe East.
- Currently outfitted as a medical office with 4 treatment rooms.
- Includes waiting room, central office, laundry and kitchen facilities.
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 | $59.3k | $19.20 |
| − Vacancy | −$7.9k | −$2.56 |
| EGI | $51.4k | $16.64 |
| − OpEx | −$12.9k | −$4.16 |
| NOI | $38.6k | $12.48 |
3,090 SF · lease $19.20/SF/yr · vacancy 13.32% · expense 25.00%
Alternative Uses
Best Use
Office B
$551.0K
$482.1K – $642.8K
NOI $38,569 @ 7.0% cap · market cap 6.71%
Second Best
Healthcare Medical
$462.8K
$404.9K – $539.9K
NOI $32,393 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$643.8K
$563.3K – $751.1K
NOI $45,066 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Salomon and Company
Business To Business Service
Grace E. Miller, ...
Physician
Bishof Nancy A MD
Pediatrician
Bluegrass Gynecology and Wellness
Medical Clinic
Lincoln Financial Insurance
Insurance Agency
Similar For Sale Nearby
Similar Off Market 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
FAQs
What type of property is this?
Medical Office Space - Office space near St. Joe East, currently a medical office.
Where is this medical office space located?
The property is located at 3217 Summit Square Place Lexington, KY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Desirable location in Summit Square Place near St. Joe East.; Currently outfitted as a medical office with **4 treatment rooms.**; Includes waiting room, central office, laundry and kitchen facilities.
