Office Unit with Central
New
For Sale
$162,000
101 Malabu Drive, Lexington, KY 40503
Commercial Sale, Lexington, KY
Property Size936 SF
Price / SF$173.08
Days on Market1
Property Features for 101 Malabu Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
P1
Subdivision
Brookhaven
Directions
Nicholasville Road to Malabu, first building on left
Standard status
Active
APN
10000220
Size
936 SF
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air, Electric
Building Details
Year built
1969
Listing Agency:
Bluegrass Sotheby's International Realty
(859) 268-0099
Listed By:
Steve Moore
(859) 361-6611
Added: Nov 2
Last Checked: Nov 2 at 7:06PM
MLS# 26030220
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.
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Investment Insights
Based on property information with market context.
This 936-square-foot office unit is in a building constructed in 1969. The property has forced-air heating fueled by natural gas and electric central air conditioning. Other building occupants include a doctor's office, hair salon, insurance agency, and optical company.
Parking is available, and the unit is offered for sale with quick possession available.
Parking is available, and the unit is offered for sale with quick possession available.
Key Highlights
- 936‑square‑foot office unit
- Building dates to 1969
- Forced‑air heat with natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,413
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,260
$248.3K
Cap Rate 7%
$177,329
$177.3K
Cap Rate 9%
$137,922
$137.9K
Market Conditions
NOI Build-Up for 936 SF
Gross rent
$19.1K $20.40/SF
− Vacancy
−$2.5K −$2.72/SF
EGI
$16.6K $17.68/SF
− OpEx
−$4.1K −$4.42/SF
NOI
$12.4K $13.26/SF
Area
ZIP 40503
Vacancy
13.32%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,260
Cap Rate 7%
$177,329
Cap Rate 9%
$137,922
Alternative Uses
Best Use
Office B
$177.3K
$155.2K – $206.9K
NOI $12,413 @ 7.0% cap · market cap 7.66%
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
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,756
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The 936-square-foot space is in a building with professional and personal-service occupants, including medical and salon uses.
Where is this office unit located?
The property is located at 101 Malabu Drive 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 office unit; Building dates to 1969; Forced‑air heat with natural gas
