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    Second-Floor Office Condo Title is generated by Realmo AI

    80 Codell Drive, Lexington, KY 40509

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    For Sale
    $174,000

    COMMERCIAL - Lexington, KY

    Type:Office
    Property size:
    955 SF
    Price / SF:
    $182/SF
    Added:
    Apr 21, 2026
    Days on Market:
    79
    Last Refresh:
    Jul 8 at 9:06 am

    Property Features for 80 Codell Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    38132100
    Size
    955 SF

    Building Details

    Year built
    2004

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    Contact an agent
    Destiny Darby
    Destiny Darby

    Listing agent Destiny Darby License #209568

    Listing office Keller Williams Commonwealth 1908 Bryant Rd Suite 250, Lexington, KY

    Listing date Apr 21, 2026

    MLS# 26009309

    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

    • Second‑floor office condo built in 2004
    • Currently operating as Lexington Fetal Photography
    • Listing is for the office condo only; the full business is available under a separate listing

    Overview

    This for-sale second-floor office condo offers office space totaling 955 square feet. The unit is currently used as Lexington Fetal Photography, and the listing is specifically for the office condo only. A separate listing is available for the full business, so buyers should plan to acquire only the real estate represented by this office space.

    Located at 80 Codell Drive in Lexington, Kentucky 40509 within Fayette County, the condo’s second-floor placement provides a contained, professional setting. As a condo unit, it functions as a dedicated office space rather than a stand-alone building, supporting tenant or owner-operator occupancy based on business needs.

    For buyers seeking an affordable, straightforward path to ownership of an office workspace, this property provides a specific, ready-to-occupy configuration within an office setting. The current use demonstrates suitability for service-oriented office activity, while the separation from the business listing clarifies what is included in the transaction. This is an option worth reviewing for owner-users and professionals who want office space they can control without leasing a standalone location.

    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 $18.3k $19.20
    − Vacancy −$2.4k −$2.56
    EGI $15.9k $16.64
    − OpEx −$4.0k −$4.16
    NOI $11.9k $12.48
    955 SF · lease $19.20/SF/yr · vacancy 13.32% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $170.3K
    $149.0K – $198.7K (±1% cap)
    NOI $11,920 @ 7.0% cap · market cap 6.85%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $199.0K
    $174.1K – $232.1K (±1% cap)
    NOI $13,928 @ 7.0% cap · market cap 8.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lexington Fetal Photography Photography Service Nathan Miles, PhD Physician Andrew Wade - State ... Insurance Agency Strong Insurance Agency, ... Insurance Agency Hendricks Real Estate ... Real Estate Agency

    Suggested Use

    HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Electrical Service (Bike/Boat/Book/etc) Store Home Appliance Store Plumbing Service Barber Shop Locksmith Law Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.450389
    Latitude
    38.011223

    FAQs

    What type of property is this?
    Office units - Own a second-floor office condo in Lexington, KY, ideal for professional uses and separate from the business asset listing.
    Where is this office units located?
    The property is located at 80 Codell Drive Lexington, KY.
    What is the asking price?
    The asking price for this property is $174,000.
    What are key features of this property?
    This property features: Second‑floor office condo built in 2004; Currently operating as Lexington Fetal Photography; Listing is for the office condo only; the full business is available under a separate listing
    More about this property
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