2134 Nicholasville Rd Lexington, KY 40503
Commercial building on 2.2 acres with ample parking.
Property Features for 2134 Nicholasville Rd
General Information
- Standard status
- Active
- Size
- 19,145 SF
- Lot size
- 2.20 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1962
Listing office Kentucky Real Estate Group
Listing date May 13, 2026
Source Crexi
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 Kentucky Real Estate Group
Investment Insights
Based on property information with market context.
Key Highlights
- Premier location on Nicholasville Rd. with high visibility.
- Expansive 2.2‑acre lot.
- Ample on‑site parking for employees and clients.
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 | $390.6k | $20.40 |
| − Vacancy | −$52.0k | −$2.72 |
| EGI | $338.5k | $17.68 |
| − OpEx | −$84.6k | −$4.42 |
| NOI | $253.9k | $13.26 |
