Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    804 Chevy Chase Pl, Unit 103 Lexington, KY 40502

    Sponsored
    For Lease
    $950 /Mo ($135 SF/Yr)

    COMMERCIAL - Lexington, KY

    Property size:
    84 SF
    Lot size:
    0.09 Acres
    Days on Market:
    6
    Last Refresh:
    Feb 21 at 5:06 am

    Property Features for 804 Chevy Chase Pl

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-1
    APN
    16435900-103
    Parking
    10
    Size
    84 SF
    Lot size
    0.09 Acres

    Building Details

    Year built
    1955
    Floors in Building
    1

    We can help!

    Listing Contact
    Adam Boardman
    Adam Boardman

    Block + Lot Real Estate 3090099

    Listing agent Adam Boardman (859) 309-0099

    Listing date Feb 16, 2026

    MLS# 26002739

    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

    Office Suites in Chevy Chase

    Located at 804 Chevy Chase Place, 'The Fitz' is a multi-tenant office building offering single tenant office suites in the heart of Chevy Chase. The property is situated in the Chevy Chase Shopping Center, behind Walgreens off of High Street/Tates Creek Road. The building provides amenities such as a shared conference room, a video conference room, internet access, on-site parking, and a dedicated PO Box. These offices, with a size of 84 square feet, are suitable for startups, self-employed individuals, and small business owners. The location offers a variety of nearby shops and restaurants. Short-term rental opportunities are available. The lot size is 0.09 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Serviced offices

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.492033
    Latitude
    38.028936

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      Lewis Hargett Circle

      Discover many ways to work your way in Democracy Plaza
      424 Lewis Hargett Cir, Lexington, KY 40506
      View Details
    • $30 SF/Yr
      13,504 SF

      Professional Office Space For Rent

      Office space with high visibility near St Joseph Hospital East.
      101 N Eagle Creek Dr, Lexington, KY 40509
      View Details
    • $650 /Mo
      46,258 SF

      Downtown Lexington Coworking Space

      Flexible coworking and office spaces in downtown Lexington.
      110 W Vine St, Lexington, KY 40507
      View Details
    • $650 /Mo
      Pending

      Turnkey Office Condo on Man

      Premier office space with visibility on Man O' War.
      525 Darby Creek Rd, Lexington, KY 40509
      View Details
    • $650 /Mo
      50,000 SF

      Private Office Spaces For Lease

      Private office spaces in professional building near downtown Lexington.
      1500 Leestown Rd, Lexington, KY 40511
      View Details
    • $15 SF/Yr
      3,800 SF

      Lexington Office/Showroom with Warehouse Space

      Prime commercial space with office, showroom, and warehouse components.
      2577 Regency Rd, Lexington, KY 40503
      View Details
    • New
      $5,700 /Mo
      3,000 SF

      Luxury Office Space on Richmond

      High-traffic Lexington office space ideal for medical or professional use.
      3475 Richmond Rd, Lexington, KY 40509
      View Details
    • $850 /Mo
      2,168 SF

      Office Space in Lexington, KY

      Office spaces available for lease in Lexington's Lewis Hargett Complex.
      444 Lewis Hargett Cir, Lexington, KY 40503
      View Details
    • $19 SF/Yr
      6,848 SF

      Downtown Lexington Creative Office Space

      Renovated historic building with modern amenities in downtown Lexington.
      146 E Third St, Lexington, KY 40508
      View Details
    • $1,812 /Mo
      1,208 SF

      Modern Office Space in Lexington

      Move-in ready office space with modern finishes and ample parking.
      1092 Duval St, Lexington, KY 40515
      View Details
    • $9 SF/Yr
      Pending

      Lexington Flex Space For Lease

      9,000 SF flex space with I-2 zoning available for lease.
      195 S Forbes Rd, Lexington, KY 40511
      View Details
    • $5,000 /Mo
      2,846 SF

      Historic Downtown Office Space Available

      Renovated office space in historic downtown Lexington, move-in ready.
      642 W Main St, Lexington, KY 40508
      View Details

    FAQs

    What type of property is this?
    Serviced office - Upscale office building with amenities in the heart of Chevy Chase.
    Where is this serviced office located?
    The property is located at 804 Chevy Chase Pl, Unit 103 Lexington, KY.
    What is the lease rate?
    The lease rate is $135 SF/Yr.
    What are key features of this property?
    This property features: - Ideally located in the heart of Chevy Chase.; - On-site parking.; - Shared conference room and video conference room.
    (859) 309-0099
    Request Owner's contact information
    804 Chevy Chase Pl, Unit 103 Lexington, KY 40502
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    804 Chevy Chase Pl, Unit 103
    Lexington, KY 40502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    804 Chevy Chase Pl, Unit 103 Lexington, KY 40502
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Adam Boardman
    Adam Boardman
    Real Estate License ID: 72655
    (859) 309-0099 (859) 338-8243
    Learn more
    Google sign-in failed. Please try again or use another login method.