Retail Space in Multi-Tenant
New
For Sale
$162,000
101 Malabu Dr Unit 6, Lexington, KY 40503
The commercial property includes neighboring medical, personal care, insurance, and optical businesses, with shared parking.
Property Size936 SF
Price / SF$173.08
Days on Market6
Property Features for 101 Malabu Dr Unit 6
General Information
Standard status
Active
Size
936 SF
Property subtype
Commercial
Site & Location
Neighborhood
Deerfield Comm Assoc Inc
Building Details
Year Built
1969
Listing Agency:
Bluegrass Sotheby's International Realty
Listed By:
Steve Moore
(859) 361-6611
Source:
Centralkentuckyhouses
Added: Nov 1
Changed: Nov 5
Last Checked: Nov 4 at 12:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bluegrass Sotheby's International Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 936-square-foot retail space is part of a multi-tenant commercial property built in 1969. The listed transaction is a sale, and quick possession is available.
Other occupants include a doctor’s office, hair salon, insurance agency, and optical company. Parking is available for the property.
Other occupants include a doctor’s office, hair salon, insurance agency, and optical company. Parking is available for the property.
Key Highlights
- 936‑square‑foot retail space
- Built in 1969
- Other occupants include a doctor’s office, hair salon, insurance agency, and optical company
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,133
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,660
$222.7K
Cap Rate 7%
$159,043
$159.0K
Cap Rate 9%
$123,700
$123.7K
Market Conditions
NOI Build-Up for 936 SF
Gross rent
$16.8K $18.00/SF
− Vacancy
−$943 −$1.01/SF
EGI
$15.9K $16.99/SF
− OpEx
−$4.8K −$5.10/SF
NOI
$11.1K $11.89/SF
Area
ZIP 40503
Vacancy
5.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,660
Cap Rate 7%
$159,043
Cap Rate 9%
$123,700
Alternative Uses
Best Use
Retail
$159.0K
$139.2K – $185.6K
NOI $11,133 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$195.0K
$170.6K – $227.5K
NOI $13,651 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,756
Businesses Nearby
667k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 30%
Groceries 13%
Apparel 7%
Chick-fil-A
Dining
53,399 visits/mo
0.3 miles
Trader Joe's
Groceries
46,788 visits/mo
0.1 miles
Kroger
Groceries
42,605 visits/mo
0.3 miles
Raising Cane's Chicken Fingers
Dining
41,053 visits/mo
0.2 miles
Five Below
Shops & Services
39,156 visits/mo
0.1 miles
Demographics for 40503, KY
28,073
Population
13,437
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
3,190
Density / Sq Mi
$74,161
Median Household Income
$43,061
Median Earnings
$1,110
Median Rent
$280,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The commercial property includes neighboring medical, personal care, insurance, and optical businesses, with shared parking.
Where is this retail space located?
The property is located at 101 Malabu Dr Unit 6 Lexington, KY.
What is the asking price?
The asking price for this property is $162,000.
What are key features of this property?
This property features: 936‑square‑foot retail space; Built in 1969; Other occupants include a doctor’s office, hair salon, insurance agency, and optical company
