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Ground-Floor Office Suite
For Lease
$18.50 SF/Yr Modified Gross

1021 Majestic Dr Unit 180, Lexington, KY 40513

Functional office layout with private rooms, reception space, kitchenette, and storage for professional or medical use.

Space Size1,936 SF
Days on Market15

Property Features for 1021 Majestic Dr Unit 180

General Information

Standard status Active
Size 1,936 SF
Net Rentable 1,936 SF
Lease Type Modified Gross

Space & Availability

Available Space 1,936 SF
Contiguous Space 1,936 SF
Floor Ground Floor
Space Use Office
Private Offices 8

Lease Terms

Lease Rate $18.50 /USD/SF/YR
Monthly Rent $2,984
Rent per SF/Year $18.50

Amenities

kitchenette break room
dedicated reception and waiting area
storage room

Building Details

Year Built 2003
Listing Agency: Bluegrass Commercial Real Estate
Listed By: Brian Erwin · License #66559/210478
Source: Meliarealty
Added: Aug 16 Changed: Aug 29 Last Checked: Aug 29 at 10:48AM

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 Commercial Real Estate

Investment Insights

Based on property information with market context.

Ground-floor office space at 1021 Majestic Dr Unit 180 provides 1,936 SF in a practical configuration for professional services, medical operations, or general office use. The suite includes 8 private offices, a dedicated reception and waiting area, a kitchenette break room, and a storage room.

Built in 2003, the property is located in Lexington’s Beaumont area. The suite is available in August under a Modified Gross lease structure.

Key Highlights

  • 1,936 SF ground‑floor office suite
  • 8 private offices for individual workspaces or consultations
  • Dedicated reception and waiting area

Property Analytics

Current Use

John N Brugger ... Law Firm Vital Living Counseling ... Counselor Michael Rogers Counselor US Pharma Wholesale Industrial Manufacturer Fred Odago, MD Physician

Suggested Use

Top Pick Building Supply Auto Repair Shop Restaurant Big Box & Wholesale Store Auto Parts Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

1,468
Businesses Nearby

Demographics for 40513, KY

11,244
Population
4,734
Households
2.4
Avg Household Size
45
Median Age
71%
College-Educated
98%
High-School Grad
14.7 sq mi
ZIP Area
765
Density / Sq Mi
$126,642
Median Household Income
$76,503
Median Earnings
$1,413
Median Rent
$448,100
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$24.25 /SF/Yr
Avg Asking Price
$1.68–$136 /SF/Yr
Price Range
9,638 SF
Avg Space Size

This space is priced 24% below the average of $24.25 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Functional office layout with private rooms, reception space, kitchenette, and storage for professional or medical use.
Where is this office units located?
The property is located at 1021 Majestic Dr Unit 180 Lexington, KY.
What is the lease rate?
The lease rate is $18.50 SF/Yr.
What are key features of this property?
This property features: 1,936 SF ground‑floor office suite; 8 private offices for individual workspaces or consultations; Dedicated reception and waiting area
More about this property
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