Freestanding Brick Office
For Sale
$975,000
1708 Jaggie Fox Way, Lexington, KY 40511
Freestanding brick office building in an I-1 zone with 25+ paved parking spaces and an available 1,500 SF open lower level.
Property Size6,800 SF
Days on Market182
Property Features for 1708 Jaggie Fox Way
General Information
Standard status
Active
Size
6,800 SF
Total Parking Spaces
25
Property subtype
Industrial
Zoning
I-1
Building Details
Building Size
6,800 SF
Year Built
2000
Construction
Brick
Listing Agency:
SVN Stone Commercial Real Estate
Listed By:
Harrison Lane
(859) 537-1051
Source:
Svn
Added: Apr 11
Changed: Oct 6
Last Checked: Oct 7 at 9:30AM
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
Investment Insights
Based on property information with market context.
Freestanding brick office building built in 2000, located in an I-1 zone. The property includes a lower level offering approximately 1,500 SF of open space. The building is available for sale, and it is also available for lease.
The site provides over 25 paved parking spaces, supporting convenient on-site access for employees and visitors.
For prospects evaluating layout and use flexibility, the available lower level is configured as open space, offering room to adapt for a variety of office-related needs.
The site provides over 25 paved parking spaces, supporting convenient on-site access for employees and visitors.
For prospects evaluating layout and use flexibility, the available lower level is configured as open space, offering room to adapt for a variety of office-related needs.
Key Highlights
- Freestanding brick office building in an I‑1 zone, built in 2000
- 25+ paved parking spaces on‑site
- Lower level offers roughly 1,500 SF of open space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,407
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,688,140
$1.7M
Cap Rate 7%
$1,205,814
$1.2M
Cap Rate 9%
$937,856
$937.9K
Market Conditions
NOI Build-Up for 6,800 SF
Gross rent
$130.6K $19.20/SF
− Vacancy
−$18.0K −$2.65/SF
EGI
$112.5K $16.55/SF
− OpEx
−$28.1K −$4.14/SF
NOI
$84.4K $12.41/SF
Area
ZIP 40511
Vacancy
13.80%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,688,140
Cap Rate 7%
$1,205,814
Cap Rate 9%
$937,856
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,407 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.65M
NOI $98,703 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Explore this area
Business Placement
Demographics for 40511, KY
36,146
Population
14,963
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
89%
High-School Grad
86.0 sq mi
ZIP Area
420
Density / Sq Mi
$77,476
Median Household Income
$43,416
Median Earnings
$1,159
Median Rent
$233,400
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
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding brick office building in an I-1 zone with 25+ paved parking spaces and an available 1,500 SF open lower level.
Where is this office building located?
The property is located at 1708 Jaggie Fox Way Lexington, KY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Freestanding brick office building in an I‑1 zone, built in 2000; 25+ paved parking spaces on‑site; Lower level offers roughly 1,500 SF of open space
