80 Codell Drive, Lexington, KY 40509
- 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
Listing agent Destiny Darby License #209568 (859) 913-0122
Listing office Keller Williams Commonwealth 1908 Bryant Rd Suite 250, Lexington, KY (859) 721-2121
Listing date Apr 21, 2026
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.450389
- Latitude
- 38.011223