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Property profile & analytics
FOR LEASE
Office buildings

860 Corporate Dr Lexington, KY 40503

17,446 SF 2.35 ac lot Built 1980
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US34-0580887
Property summary
AI-generated overview

This exceptional 2.35-acre commercial property at 860 Corporate Drive, Unit 103, Lexington, KY, presents a first-floor office space perfectly situated in Lexington's dynamic business district. Its convenient location off Harrodsburg Road and New Circle Road ensures excellent accessibility. The interior boasts six private offices, catering to individual or team needs, complemented by an open workspace designed to foster collaboration. A welcoming reception area sets a professional tone, while two dedicated conference rooms, including a sizable training room, provide ample space for meetings and presentations. Further enhancing its functionality is a flexible lounge area, adaptable as an additional office or conference space. A spacious kitchen/media room, complete with a green screen wall, caters to multimedia requirements. Ample parking is available on-site for both employees and clients, along with the convenience of an onsite dumpster. The property's proximity to numerous restaurants in the Beaumont and Harrodsburg Road corridor adds to its appeal. Included in the lease are utilities, eliminating additional fees (excluding significant electrical demands). The kitchen island, refrigerator, and conference tables are included. This turnkey office space is priced at $14 million and offers a compelling opportunity for businesses seeking a prestigious and functional location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Total area 17,446 SF
Lot 2.35 ac (102,366 SF)
Zoning code P-1
APN 16863505
UPID US34-0580887
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Gentle Dental Touch Dental Office
  • Family Dental Care Dental Office
  • Clear Choice Smile Dental Office
  • Dr. Douglas D. Durbin, Orthodontist Dental Office
  • Gentle Dental Touch - Dr.Cindy Munoz Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.20M
Blend (final) Blend
$1.95M
Owner & transaction history
Advamed Prop LLC · 5 yrs held
Advamed Prop LLC
since 2021
Last sale
$1.6M
3 recorded transactions
2021
$1.6M
2018
Price N/A
2014
$1.7M
Zoning & alternative use
P-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permitted in the P-1 and B-1 zone except for drive-through facilities. (d) Conditional Uses. The following shall be conditional uses in the MU-1 z…

Zone name Professional Office
General category COMMERCIAL
Zone area 2,004.90 ac
Top alternative use upside
Warehouse, storage $3.0M +12.3%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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