Move-In Ready Office
For Sale
Contact for pricing
1031 Lexington Rd, Georgetown, KY 40324
Updated professional interior includes a conference room, full kitchen, break area, and two restrooms.
Property Size2,200 SF
Price / SF$0.01
Days on Market49
Property Features for 1031 Lexington Rd
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Retail
Zoning
B-2
Lease Term
NNN
Additional Details
Road Access
Yes
Amenities
office spaces
conference room
restrooms
kitchen
break area
dedicated front entry
Properties For Sale
at 1031 Lexington Rd
1031 Lexington Rd, Suite A
Size
2,200 SF
Term
Negotiable
Listed By:
Caleb Cleveland
(859) 556-4857
Source:
Svnstone
Added: Sep 1
Changed: Oct 13
Last Checked: Oct 16 at 7:06AM
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 Caleb Cleveland
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Investment Insights
Based on property information with market context.
Suite A contains approximately 2,200 SF of office space arranged for immediate professional occupancy. The layout includes multiple offices, a large conference room, two restrooms, a full kitchen with break area, and a dedicated front entrance. New flooring, paint, and lighting are installed throughout the suite.
The property is zoned B-2, with office, professional, medical, and service uses identified in the property information. On-site parking is available, with direct access from Lexington Rd. The corridor records 16,529+ VPD and is described as Georgetown’s primary commercial corridor.
The property is zoned B-2, with office, professional, medical, and service uses identified in the property information. On-site parking is available, with direct access from Lexington Rd. The corridor records 16,529+ VPD and is described as Georgetown’s primary commercial corridor.
Key Highlights
- Approximately 2,200 SF office suite
- B‑2 zoning supports office, professional, medical, and service uses
- Multiple offices plus a large conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,936
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,720
$618.7K
Cap Rate 7%
$441,943
$441.9K
Cap Rate 9%
$343,733
$343.7K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$47.5K $21.60/SF
− Vacancy
−$6.3K −$2.85/SF
EGI
$41.2K $18.75/SF
− OpEx
−$10.3K −$4.69/SF
NOI
$30.9K $14.06/SF
Area
Scott County, KY
Vacancy
13.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,720
Cap Rate 7%
$441,943
Cap Rate 9%
$343,733
Alternative Uses
Best Use
Office B
$441.9K
$386.7K – $515.6K
NOI $30,936 @ 7.0% cap · market cap 220,971.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$557.6K
$487.9K – $650.5K
NOI $39,030 @ 7.0% cap · market cap 278,785.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
Explore this area
Business Placement
Demographics for 40324, KY
51,035
Population
20,570
Households
2.5
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
155.1 sq mi
ZIP Area
329
Density / Sq Mi
$83,012
Median Household Income
$47,619
Median Earnings
$1,188
Median Rent
$262,700
Median Home Value
Check the figures for this property
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 units - Updated professional interior includes a conference room, full kitchen, break area, and two restrooms.
Where is this office units located?
The property is located at 1031 Lexington Rd Georgetown, KY.
What are key features of this property?
This property features: Approximately 2,200 SF office suite; B‑2 zoning supports office, professional, medical, and service uses; Multiple offices plus a large conference room
