Professional Office Suite with Private
2-3131 Custer Dr Lexington, KY 40517
2-3131 Custer Dr, Lexington, KY, 40517
$220,000
For Sale
$220,000
Single-story office suite in a quiet office condo community featuring vaulted ceilings and six enclosed private offices.
Property Size1,152 SF
Price / SF$190.97
Days on Market62
Property Features for 2-3131 Custer Dr
General Information
- Standard status
- Active
- Size
- 1,152 SF
Listing agency
The Brokerage
(859) 396-5256
Listed by
Chad Bowman
(859) 396-5256
Source
Exprealty
Added: May 21 Updated: Jul 21 at 5:13AM Checked: Jul 21 at 5:13AM
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 Brokerage
Investment Insights
Based on property information with market context.
This polished, single-story professional office suite is located within a quiet office condo community and offers a flexible layout designed for day-to-day client service. The space includes vaulted ceilings that create an open feel upon entry, six enclosed private offices for focused work, and two restrooms for convenient access. Two private entrances, along with a hallway door, allow the suite to operate as two fully independent offices if desired.
The suite totals 1,152 square feet and is well-suited for a range of professional uses. Existing furniture can remain with an acceptable offer if desired, supporting a turn-key approach for qualified buyers.
Whether you’re seeking a dependable office arrangement for your practice or evaluating the suite as a commercial investment, the configuration provides separation between work areas while retaining a professional presentation for clients and visitors.
The suite totals 1,152 square feet and is well-suited for a range of professional uses. Existing furniture can remain with an acceptable offer if desired, supporting a turn-key approach for qualified buyers.
Whether you’re seeking a dependable office arrangement for your practice or evaluating the suite as a commercial investment, the configuration provides separation between work areas while retaining a professional presentation for clients and visitors.
Key Highlights
- 1,152 SF single‑story office suite in a quiet office condo community with vaulted ceilings
- Six enclosed private offices plus two restrooms for staff and clients
- Two private entrances and a hallway door allow the space to function as two independent offices if desired
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 | $22.1k | $19.20 |
| − Vacancy | −$2.9k | −$2.53 |
| EGI | $19.2k | $16.67 |
| − OpEx | −$4.8k | −$4.17 |
| NOI | $14.4k | $12.50 |
1,152 SF · lease $19.20/SF/yr · vacancy 13.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$205.7K
$180.0K – $240.0K
NOI $14,399 @ 7.0% cap · market cap 6.54%
Second Best
Healthcare Medical
$196.2K
$171.7K – $228.9K
NOI $13,736 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$238.9K
$209.0K – $278.7K
NOI $16,722 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office units - Single-story office suite in a quiet office condo community featuring vaulted ceilings and six enclosed private offices.
Where is this office units located?
The property is located at 2-3131 Custer Dr Lexington, KY.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 1,152 SF single‑story office suite in a quiet office condo community with vaulted ceilings; Six enclosed private offices plus two restrooms for staff and clients; Two private entrances and a hallway door allow the space to function as two independent offices if desired
