Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1718 Alexandria Dr Lexington, KY 40504

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,500,000

    36,000 SF office building with strong tenant base.

    Property Features for 1718 Alexandria Dr

    General Information

    Zoning
    B-1

    Source: Justin Ryder, CCIM Agent Justin Ryder, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Professional Office Building For Sale

    The property at 1718 Alexandria Drive in Lexington, KY, is a professional office building available for sale. The building has a total area of approximately 36,000 square feet and features a strong tenant base composed of established businesses in the healthcare and pharmaceutical industries. The property generates a gross rental income of $314,100 per year. Currently, six tenants occupy the building, with four additional suites available for lease, presenting potential for increased income through lease-up and market rent growth. The property is located in the Alexandria corridor, providing accessibility for tenants and their clients. Lexington is recognized for its quality of life, health care, public safety, education, and family living. The area is also considered a favorable location for business, innovation, entrepreneurial growth, and career opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Resurrection Clinic Addiction Treatment Center Lauren Williams Nurse Practitioner FedEx Drop Box Mailing Service Lekington Algiatry Health Consultant PNC ATM Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.551656
    Latitude
    38.039697

    Nearby Similar for Sale

    • New
      $450,000
      Pending

      Downtown Lexington Business Condo

      Premium downtown business condo offering versatile and sophisticated space.
      300 E Main St, Lexington, KY 40507
      View Details
    • $309,000
      1,967 SF

      Lexington Duplex on Double Lot

      Downtown Lexington duplex with income potential on a double lot.
      240 E Third St, Lexington, KY 40508
      View Details
    • $842,500
      5,000 SF

      Well-Maintained Lexington Quadplex For Sale

      Four identical units, low expenses, strong investment potential.
      2860 Ryan Cir, Lexington, KY 40509
      View Details
    • $445,000
      3,068 SF

      Renovated Duplex: Turnkey Investment

      Updated duplex with modern finishes, flexible space, and investment potential.
      1999 Fair Oaks Dr, Lexington, KY 40504
      View Details
    • $299,900
      1,600 SF

      All Brick Duplex with Parking

      All brick duplex with ample parking and endless possibilities.
      537-539 Anniston Dr, Lexington, KY 40505
      View Details
    • $750,000
      2,580 SF

      Ashland Park Duplex For Sale

      Charming duplex in Ashland Park, Lexington, with hardwood floors.
      110-112 S Hanover Ave, Lexington, KY 40502
      View Details

    FAQs

    What type of property is this?
    Office building - 36,000 SF office building with strong tenant base.
    Where is this office building located?
    The property is located at 1718 Alexandria Dr Lexington, KY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - ±36,000 SF professional office building.; - Strong tenant base in healthcare and pharmaceutical industries provides stable income.; - Existing gross rental income of $314,100 annually.
    (859) 447-3285
    Request Owner's contact information
    1718 Alexandria Dr Lexington, KY 40504
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1718 Alexandria Dr
    Lexington, KY 40504
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1718 Alexandria Dr Lexington, KY 40504
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.