1830 Versailles Road, Lexington, KY 40504
Flexible above-grade medical office with basement space, designed for multiple rooms, reception, and storage to support professional use.
- Added:
- Jun 5, 2026
- Days on Market:
- 23
- Last Refresh:
- Jun 20 at 4:14 am
Property Features for 1830 Versailles Road
General Information
- Standard status
- Active
- Size
- 4,890 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1978
Listing office RE/MAX Elite Realty (859) 893-9010
Listing date Jun 5, 2026
Source Xome
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All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Elite Realty
HighLights
- 4,425 SF above‑grade commercial space plus 1,736 SF basement for additional usable area
- Former medical office layout with multiple offices, treatment/exam rooms, and reception/waiting areas
- Ample storage throughout the space, supporting professional and administrative use
- Central air with electric cooling
- Composition roof
- Parking includes paved driveway and off‑site parking
Overview
The property is located at 1830 Versailles Road in Lexington, KY, in a highly visible and easily accessible area. The listing describes the site as a strong match for owner-users or investors looking for a business location where clients can find the property without difficulty.
For medical and other service-oriented operators, the room structure supports consultative and appointment-based activity, including reception and waiting space alongside exam or treatment areas. For buyers considering an alternative professional concept, the mix of offices, reception, and storage provides a practical starting point for administrative, medical, or service-based businesses that need dedicated rooms. The basement adds additional usable space that can be leveraged to support operations as needed.
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 | $88.0k | $18.00 |
| − Vacancy | −$15.1k | −$3.10 |
| EGI | $72.9k | $14.90 |
| − OpEx | −$18.2k | −$3.73 |
| NOI | $54.7k | $11.18 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Veterinary Wellness Center — 466 Angliana Ave, Lexington, KY 40508
- Uptown Hounds: Johnson Mindy DVM — 466 Angliana Ave, Lexington, KY 40508
- Elizabeth Ubelhor — 1600 Old Frankfort Pike, Lexington, KY 405041013
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.53916
- Latitude
- 38.047733
