Basement Office Suite with Conference
1795 Alysheba Way Ste 2202 Lexington, KY 40509
1795 Alysheba Way Ste 2202, Lexington, KY, 40509
$189,000
For Sale
$189,000
Basement office condominium with hardwood floors, 9-foot ceilings, and dedicated reception, kitchen, and conference space.
Property Size1,000 SF
Price / SF$189
Days on Market49
Property Features for 1795 Alysheba Way Ste 2202
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2003
Listing agency
SVN | Stone Commercial Real Estate
(859) 312-8069
Listed by
Neal Metcalfe · License #217705
(859) 312-8069
Source
Svn
Added: Jun 3 Updated: Jul 10 at 1:48PM Checked: Jul 20 at 3:46AM
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.
This 1,000 SF basement office suite is available for sale as a condominium unit within the Stonecrest Office Colony. The space features hardwood floors and 9-foot ceilings, with a reception area and kitchenette to support day-to-day operations. The layout includes three offices and a conference room, providing both private work areas and a dedicated meeting space.
The suite is located in a well-established office setting with visibility and accessibility. It is positioned near major regional access points, including I-75 and Man O’ War Boulevard, and is also close to the Hamburg Pavilion shopping, dining, and residential areas.
For an owner-user, the configuration supports a professional office environment with private offices, a reception area, and conference space already in place. For an investor, the unit is currently tenant occupied on a month-to-month lease, offering an option for buyers seeking income-producing office space within a managed office colony.
The suite is located in a well-established office setting with visibility and accessibility. It is positioned near major regional access points, including I-75 and Man O’ War Boulevard, and is also close to the Hamburg Pavilion shopping, dining, and residential areas.
For an owner-user, the configuration supports a professional office environment with private offices, a reception area, and conference space already in place. For an investor, the unit is currently tenant occupied on a month-to-month lease, offering an option for buyers seeking income-producing office space within a managed office colony.
Key Highlights
- 1,000 SF basement office condominium for sale at 1795 Alysheba Way, Suite 2202 (Lexington)
- Currently tenant‑occupied and leased month‑to‑month
- Features hardwood floors and 9‑ft ceilings
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 | $19.2k | $19.20 |
| − Vacancy | −$2.6k | −$2.56 |
| EGI | $16.6k | $16.64 |
| − OpEx | −$4.2k | −$4.16 |
| NOI | $12.5k | $12.48 |
1,000 SF · lease $19.20/SF/yr · vacancy 13.32% · expense 25.00%
Alternative Uses
Best Use
Office B
$178.3K
$156.0K – $208.0K
NOI $12,482 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.3K
$182.3K – $243.1K
NOI $14,584 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sunrise Dental Solutions
Dental Office
CHAMBERS CPA LLC
Tax Preparation
Rocker
(Bike/Boat/Book/etc) Store
Next Century Technologies ...
Tech Support Center
Primerica Financial Services
Financial Advisor
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FAQs
What type of property is this?
Office units - Basement office condominium with hardwood floors, 9-foot ceilings, and dedicated reception, kitchen, and conference space.
Where is this office units located?
The property is located at 1795 Alysheba Way Ste 2202 Lexington, KY.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 1,000 SF basement office condominium for sale at 1795 Alysheba Way, Suite 2202 (Lexington); Currently tenant‑occupied and leased month‑to‑month; Features hardwood floors and 9‑ft ceilings
