Office Condo with
For Sale
$325,000
513 Darby Creek Rd Unit 55, Lexington, KY 40509
Move-in-ready office condo supports private meetings, focused work, and a professional business setting.
Property Size2,101 SF
Price / SF$154.69
Days on Market56
Property Features for 513 Darby Creek Rd Unit 55
General Information
Standard status
Active
Size
2,101 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1996
Listing Agency:
The Real Estate Co.
Listed By:
Cecil R Combs
(859) 326-0756
Source:
Sellkentucky
Added: Aug 13
Changed: Sep 7
Last Checked: Oct 5 at 9:39PM
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 The Real Estate Co.
Investment Insights
Based on property information with market context.
Unit 55 is a 3,141-square-foot office condominium at 513 Darby Creek Rd in Lexington. Built in 1996, the space is positioned for businesses seeking a dedicated workplace with areas suited to private meetings and concentrated day-to-day work. The property is offered for sale or lease.
The office is visible from Man-of-War and located near I-75 and I-64, providing convenient regional access. Its configuration is suitable for small businesses and medical or wellness professionals seeking an established office setting.
The office is visible from Man-of-War and located near I-75 and I-64, providing convenient regional access. Its configuration is suitable for small businesses and medical or wellness professionals seeking an established office setting.
Key Highlights
- 3,141‑square‑foot office condominium in Unit 55
- Built in 1996
- Visible from Man‑of‑War
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,225
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,500
$524.5K
Cap Rate 7%
$374,643
$374.6K
Cap Rate 9%
$291,389
$291.4K
Market Conditions
NOI Build-Up for 2,101 SF
Gross rent
$40.3K $19.20/SF
− Vacancy
−$5.4K −$2.56/SF
EGI
$35.0K $16.64/SF
− OpEx
−$8.7K −$4.16/SF
NOI
$26.2K $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%
$524,500
Cap Rate 7%
$374,643
Cap Rate 9%
$291,389
Alternative Uses
Best Use
Office B
$374.6K
$327.8K – $437.1K
NOI $26,225 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.7K
$383.0K – $510.7K
NOI $30,642 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,716
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
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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 units - Move-in-ready office condo supports private meetings, focused work, and a professional business setting.
Where is this office units located?
The property is located at 513 Darby Creek Rd Unit 55 Lexington, KY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 3,141‑square‑foot office condominium in Unit 55; Built in 1996; Visible from Man‑of‑War
