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    The Largest CRE Database in the US with Over 1 Million Listings

    525 Darby Creek Rd, Unit 27 Lexington, KY 40509

    Sponsored
    For Lease
    Pending
    $650 /Mo ($3 SF/Yr)

    COMMERCIAL - Lexington, KY

    Type:Office
    Property size:
    2,050 SF
    Days on Market:
    30
    Last Refresh:
    Feb 3 at 5:06 pm

    Property Features for 525 Darby Creek Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Pending
    Rooms
    Basement
    APN
    19304220
    Basement
    Finished, Interior Entry, Full, Walk-Out Access, Sump Pump, Walk-Up Access, Exterior Entry
    Size
    2,050 SF

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Forced Air, Natural Gas, Electric (Heating)
    Cooling system
    Electric, Heat Pump, Central Air

    Building Details

    Year built
    1992
    Floors in Building
    2

    We can help!

    Listing Contact
    Carol R Rogers

    Commonwealth Realty, LLC (859) 498-7653

    Listing agent Carol R Rogers (859) 498-7653

    Listing date Jan 5, 2026

    MLS# 25501477

    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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Office Condo on Man

    This 2,050 square foot office condo is located in the Darby Creek professional complex. The property features visibility on Man O' War Boulevard. The space is suitable for a professional practice, counseling group, medical or dental office, or training facility. The main floor, encompassing 972 square feet, includes a foyer with a full glass entry door, a conference room with a French door entrance, a reception area, two private offices, an executive office, a mini kitchen with a sink and mini-fridge, a storage closet, and a remodeled restroom. It also features hardwood floors, new paint, recessed lighting, and solid ceilings. The 1,078 square foot finished basement has a separate rear entrance via a walkway and stairwell, two bathrooms, a walk-in file storage closet, a secondary storage closet, a private office, and an open area suitable for training classes or conversion into additional offices. The property has dual entrances and a basement that creates options for multi-tenant use or expansion. The office is in turnkey condition with modern finishes and infrastructure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alliance Financial Planning Financial Advisor Jennifer Tibbetts PSC Accounting Firm

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.432655
    Latitude
    38.008041

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    FAQs

    What type of property is this?
    Office space - Premier office space with visibility on Man O' War.
    Where is this office space located?
    The property is located at 525 Darby Creek Rd, Unit 27 Lexington, KY.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - High Visibility: Located directly on Man O' War Boulevard, ensuring maximum exposure and signage opportunities.; - Turnkey Condition: Move-in ready with modern finishes, real hardwood floors, new paint, recessed lighting, and updated infrastructure.; - Flexible Floor Plan: Dual entrances and a finished basement (1,078 sq ft) allow for multi-tenant use, expansion, or various business operations.
    (859) 274-7653
    Request Owner's contact information
    525 Darby Creek Rd, Unit 27 Lexington, KY 40509
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    Lexington, KY 40509
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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
    525 Darby Creek Rd, Unit 27 Lexington, KY 40509
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    We can help!
    Listing Contact
    Carol R Rogers
    (859) 274-7653
    Learn more
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