1618 Harrodsburg Road, Lexington, KY 40504
COMMERCIAL - Lexington, KY
- Added:
- Jul 5, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 5 at 11:06 pm
Property Features for 1618 Harrodsburg Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 10
- Basement
- Finished, Walk-Up Access, Sump Pump, Interior Entry, Full
- Standard status
- Active
- APN
- 45254325
- Size
- 2,800 SF
- Lot size
- 0.28 Acres
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Electric, Heat Pump
Building Details
- Year built
- 1948
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Karen W Angelucci License #217748 (859) 338-7857
Listing office RE/MAX Elite Lexington 203 Ruccio Way, Lexington, KY (859) 245-1165
Listing date Jul 5, 2026
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Brick mixed‑use property with forced air natural gas heating and roof shingles
- Includes a reception area with waiting room plus multiple private offices, a conference room, and flexible workspace
- Finished basement with lab/work areas and generous storage
- Utilities: water available and public sewer
- Year built 1948
- Sold AS IS; buyer to verify zoning and intended use
Overview
The building is located at 1618 Harrodsburg Road in Lexington, Kentucky, near St. Joseph Hospital and an office park. Access and daily convenience are supported by the property’s placement along Harrodsburg Road, with the surrounding mix of health and office uses relevant for professional tenants.
The configuration fits medical, professional, counseling, administrative, or other office-based businesses that need a traditional office suite arrangement with private rooms and shared meeting space. The basement’s lab/work areas may be well suited to certain professional functions that require dedicated work space. The property is for sale and is being sold AS IS, and buyers should verify zoning and intended use before moving forward.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.4k | $18.00 |
| − Vacancy | −$8.7k | −$3.10 |
| EGI | $41.7k | $14.90 |
| − OpEx | −$10.4k | −$3.73 |
| NOI | $31.3k | $11.18 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.526523
- Latitude
- 38.03138
