Office Condo with Flexible
For Sale
$325,000
513 Darby Creek Road, Lexington, KY 40509
Commercial Sale, Lexington, KY
Property Size2,101 SF
Price / SF$154.69
Days on Market224
Property Features for 513 Darby Creek Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial Office
Rooms
Basement
Parking
15
Basement
Concrete, Full, Walk-Out Access, Exterior Entry, Finished
Subdivision
Darby Creek
Directions
Take Man O War Blvd to Darby Creek Road. Turn Left into Office Building Properties. Unit 55 is on the right near the end at Man O War Blvd.
Standard status
Active
APN
19980150
Size
2,101 SF
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1996
Floors in Building
2
Building materials
Block, Brick
Roof type
Shingle
Listing Agency:
The Real Estate Co.
(859) 979-1508
Listed By:
Cecil R Combs
(859) 326-0756
Added: Feb 25
Changed: Oct 2
Last Checked: Oct 7 at 6:06PM
MLS# 26003466
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.
Unit 55 is a 2,101-square-foot office condominium at 513 Darby Creek Road in Lexington. The property was built in 1996 and features block and brick construction, a shingle roof, central air, and electric forced-air heating. A basement room adds functional interior space, while cable service is available and the property is connected to public sewer.
The office is positioned near I-75 and I-64, with visibility from Man-of-War. Its setting and configuration support professional office, medical, and wellness uses identified in the property information. The unit is offered for sale or lease.
The office is positioned near I-75 and I-64, with visibility from Man-of-War. Its setting and configuration support professional office, medical, and wellness uses identified in the property information. The unit is offered for sale or lease.
Key Highlights
- 2,101‑square‑foot office condominium in Unit 55
- Near I‑75 and I‑64 with visibility from Man‑of‑War
- Block and brick construction completed in 1996
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,225
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,500
$524.5K
Cap Rate 7%
$374,643
$374.6K
Cap Rate 9%
$291,389
$291.4K
Market Conditions
NOI Build-Up for 2,101 SF
Gross rent
$40.3K $19.20/SF
− Vacancy
−$5.4K −$2.56/SF
EGI
$35.0K $16.64/SF
− OpEx
−$8.7K −$4.16/SF
NOI
$26.2K $12.48/SF
Area
ZIP 40509
Vacancy
13.32%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,500
Cap Rate 7%
$374,643
Cap Rate 9%
$291,389
Alternative Uses
Best Use
Office B
$374.6K
$327.8K – $437.1K
NOI $26,225 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.7K
$383.0K – $510.7K
NOI $30,642 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,598
Businesses Nearby
Explore this area
Business Placement
Demographics for 40509, KY
44,572
Population
19,802
Households
2.3
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
47.8 sq mi
ZIP Area
932
Density / Sq Mi
$89,429
Median Household Income
$52,489
Median Earnings
$1,317
Median Rent
$338,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Professional office condominium with central air, forced-air heating, and public sewer service.
Where is this office units located?
The property is located at 513 Darby Creek Road Lexington, KY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,101‑square‑foot office condominium in Unit 55; Near I‑75 and I‑64 with visibility from Man‑of‑War; Block and brick construction completed in 1996
