Versatile Medical Office
1830 Versailles Road, Lexington, KY 40504
New
COMMERCIAL - Lexington, KY
Property size:
4,890 SFLot size:
0.25 AcresPrice / SF:
$143/SF- Added:
- Jun 11, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 12 at 3:06 am
Property Features for 1830 Versailles Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 10
- Parking features
- Offsite
- Basement
- Finished
- Standard status
- Active
- APN
- 24835400
- Size
- 4,890 SF
- Lot size
- 0.25 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1978
- Floors in Building
- 2
- Building materials
- Stone, Wood Siding
- Roof type
- Composition
Listing agent Brittany Taylor (859) 893-9010
Listing office RE/MAX Elite Realty 120 N Second St., Lexington, KY (859) 408-7922
Listing date Jun 11, 2026
MLS# 26013466
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
- 4,425 SF of above‑grade commercial space plus 1,736 SF basement (total 6,161 SF).
- Former medical office layout with multiple offices, treatment/exam rooms, reception and waiting areas, and ample storage.
- Flexible for professional, medical, administrative, retail, or service‑based businesses.
- Central air and electric heating.
- Public sewer; roof type: composition; construction materials include stone and wood siding.
- Offsite parking.
Overview
This property at 1830 Versailles Road includes 4,425 square feet of above-grade space and an additional 1,736 square feet in the basement. Previously used as a medical office, the interior is laid out with multiple offices, treatment and exam rooms, a reception and waiting area, and ample storage. The existing configuration supports professional, medical, administrative, retail, or service-oriented operations, whether you plan for immediate occupancy or want to customize the space.
The offering is positioned in an area described as highly visible and easily accessible. With a 0.25-acre lot, the property provides a dedicated site setting for a range of commercial uses.
For buyers seeking an owner-user building, the room mix is already oriented around patient or client intake, staff workflow, and supporting storage. For investors, the property offers a flexible floor plan that may accommodate multiple office and service concepts, based on the current layout’s offices, reception/waiting area, and treatment/exam rooms.
The offering is positioned in an area described as highly visible and easily accessible. With a 0.25-acre lot, the property provides a dedicated site setting for a range of commercial uses.
For buyers seeking an owner-user building, the room mix is already oriented around patient or client intake, staff workflow, and supporting storage. For investors, the property offers a flexible floor plan that may accommodate multiple office and service concepts, based on the current layout’s offices, reception/waiting area, and treatment/exam rooms.
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 |
4,890 SF · lease $18.00/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$780.9K
$683.3K – $911.0K
NOI $54,660 @ 7.0% cap · market cap 7.81%
Second Best
Healthcare Medical
$740.4K
$647.8K – $863.8K
NOI $51,826 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$1.02M
$891.5K – $1.19M
NOI $71,317 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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
- -84.540743
- Latitude
- 38.047533
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Former medical office with flexible room layout and substantial above-grade plus basement space for owner-users or investors.
Where is this medical office space located?
The property is located at 1830 Versailles Road Lexington, KY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 4,425 SF of above‑grade commercial space plus 1,736 SF basement (total 6,161 SF).; Former medical office layout with multiple offices, treatment/exam rooms, reception and waiting areas, and ample storage.; Flexible for professional, medical, administrative, retail, or service‑based businesses.
