Office Suites with Conference
For Sale
Contact for pricing
120 Quinton Court, Lexington, KY 40509
Individual office suites offer updated finishes, a conference room, and a break room or kitchenette with utilities included.
Property Size12,598 SF
Days on Market112
Property Features for 120 Quinton Court
General Information
Standard status
Active
Size
12,598 SF
Class
B
Property subtype
Office
Zoning
B-3
Lease Term
Gross
Additional Details
Highway Access
Yes
Amenities
Updated finishes
Conference Room
Large Break Room / Kitchenette
Utilities Included
Building Details
Building Size
12,598 SF
Properties For Sale
at 120 Quinton Court
Second Floor Office Suite
Size
150 SF
Term
Negotiable
Listing Agency:
SVN | Stone Commercial Real Estate
Listed By:
Gabe Measner
(859) 630-7106
Source:
Svn
Added: Jul 10
Changed: Oct 25
Last Checked: Oct 28 at 6:27AM
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 SVN | Stone Commercial Real Estate
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Investment Insights
Based on property information with market context.
This property offers individual office suites with updated finishes designed for professional use. Suites include access to a conference room and a break room or kitchenette, and utilities are included. With zoning listed as B-3 Highway Business, the property supports a broad range of office and retail uses.
The building is located just outside New Circle Road near the Richmond Road corridor, with quick access to downtown Lexington and major arterial routes including Richmond Road, New Circle Road, and Man O’ War Boulevard. Interstate 75 is less than five miles away, supporting convenient commuting and customer access.
Suites are offered as individual spaces, making the layout flexible for companies seeking private offices within a commercially zoned setting.
The building is located just outside New Circle Road near the Richmond Road corridor, with quick access to downtown Lexington and major arterial routes including Richmond Road, New Circle Road, and Man O’ War Boulevard. Interstate 75 is less than five miles away, supporting convenient commuting and customer access.
Suites are offered as individual spaces, making the layout flexible for companies seeking private offices within a commercially zoned setting.
Key Highlights
- Individual office suites available for lease, starting at $450/month per office
- Zoned B‑3 Highway Business for a broad range of office and retail uses
- Updated finishes in each suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,247
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,144,940
$3.1M
Cap Rate 7%
$2,246,386
$2.2M
Cap Rate 9%
$1,747,189
$1.7M
Market Conditions
NOI Build-Up for 12,598 SF
Gross rent
$241.9K $19.20/SF
− Vacancy
−$32.2K −$2.56/SF
EGI
$209.7K $16.64/SF
− OpEx
−$52.4K −$4.16/SF
NOI
$157.2K $12.48/SF
Area
ZIP 40509
Vacancy
13.32%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,144,940
Cap Rate 7%
$2,246,386
Cap Rate 9%
$1,747,189
Alternative Uses
Best Use
Office B
$2.25M
$1.97M – $2.62M
NOI $157,247 @ 7.0% cap · market cap 34,943.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.62M
$2.30M – $3.06M
NOI $183,733 @ 7.0% cap · market cap 40,829.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
Explore this area
Business Placement
Demographics for 40509, KY
44,572
Population
19,802
Households
2.3
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
47.8 sq mi
ZIP Area
932
Density / Sq Mi
$89,429
Median Household Income
$52,489
Median Earnings
$1,317
Median Rent
$338,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Individual office suites offer updated finishes, a conference room, and a break room or kitchenette with utilities included.
Where is this office unit located?
The property is located at 120 Quinton Court Lexington, KY.
What are key features of this property?
This property features: Individual office suites available for lease, starting at $450/month per office; Zoned B‑3 Highway Business for a broad range of office and retail uses; Updated finishes in each suite
