Professional Office
For Sale
Contact for pricing
205 Fairfield Drive, Nicholasville, KY 40356
P-1-zoned office suite with access from US-27 and nearby major retail businesses.
Property Size2,000 SF
Price / SF$0.01
Days on Market200
Property Features for 205 Fairfield Drive
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Office
Zoning
B-1
Lease Term
MG
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Properties For Sale
at 205 Fairfield Drive
205 Fairfield Drive
Size
2,000 SF
Term
Negotiable
Listing Agency:
SVN | Stone Commercial Real Estate
Listed By:
Nathan Dilly · License #76902
(859) 420-5492
Source:
Svnstone
Added: Apr 1
Changed: Oct 15
Last Checked: Oct 16 at 6:09AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This professional office suite contains approximately 2,000 SF within a professional office building at 205 Fairfield Drive. The property is zoned P-1 and is configured as an office unit within the building.
The property has access from US-27 and is located near major retail businesses. Co-tenants include Hanger Clinic and White, Greer & Maggard Orthodontics, providing a professional healthcare-oriented setting within the building.
The property has access from US-27 and is located near major retail businesses. Co-tenants include Hanger Clinic and White, Greer & Maggard Orthodontics, providing a professional healthcare-oriented setting within the building.
Key Highlights
- Approximately 2,000 SF professional office suite
- P‑1 zoning
- Access from US‑27
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,123
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,460
$562.5K
Cap Rate 7%
$401,757
$401.8K
Cap Rate 9%
$312,478
$312.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$43.2K $21.60/SF
− Vacancy
−$5.7K −$2.85/SF
EGI
$37.5K $18.75/SF
− OpEx
−$9.4K −$4.69/SF
NOI
$28.1K $14.06/SF
Area
Jessamine County, KY
Vacancy
13.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,460
Cap Rate 7%
$401,757
Cap Rate 9%
$312,478
Alternative Uses
Best Use
Office B
$401.8K
$351.5K – $468.7K
NOI $28,123 @ 7.0% cap · market cap 152,016.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$506.9K
$443.5K – $591.4K
NOI $35,482 @ 7.0% cap · market cap 191,794.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
Explore this area
Business Placement
Demographics for 40356, KY
44,381
Population
17,934
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
90%
High-School Grad
139.5 sq mi
ZIP Area
318
Density / Sq Mi
$75,264
Median Household Income
$41,427
Median Earnings
$1,020
Median Rent
$246,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - P-1-zoned office suite with access from US-27 and nearby major retail businesses.
Where is this office units located?
The property is located at 205 Fairfield Drive Nicholasville, KY.
What are key features of this property?
This property features: Approximately 2,000 SF professional office suite; P‑1 zoning; Access from US‑27
