Multi-Unit Office
2357 Huguenard Dr Lexington, KY 40503
For Sale
Contact for pricing
1998-built, 6,840 SF office building with four units and 100% tenant occupancy, zoned P-1.
Property Size6,840 SF
Price / SF$188.60
Days on Market40
Property Features for 2357 Huguenard Dr
General Information
- Standard status
- Active
- Size
- 6,840 SF
- Property subtype
- OFFICE
Listing Agency:
KW Northern Kentucky Commercial
(859) 620-5830
Listed By:
Derrick Plunkett · License #219608
(859) 620-5830
Source:
Moodyscre
Added: Jun 17
Changed: Jul 24
Last Checked: Jul 24 at 5:01AM
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 KW Northern Kentucky Commercial
Investment Insights
Based on property information with market context.
This 6,840 SF office building was built in 1998 and is configured as four separate units. The property is currently 100% tenant occupied. A basement level is available, offering potential to generate additional rental income.
The building is located in the Lexington area at 2357 Huguenard Dr and is zoned P-1.
With a multi-unit office layout and consistent occupancy, the building is positioned for investors or owner-users seeking a turn-key office asset with an additional basement income opportunity.
The building is located in the Lexington area at 2357 Huguenard Dr and is zoned P-1.
With a multi-unit office layout and consistent occupancy, the building is positioned for investors or owner-users seeking a turn-key office asset with an additional basement income opportunity.
Key Highlights
- 6,840 SF office building built in 1998 with 4 units
- Currently 100% tenant occupied
- Zoned P‑1
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 | $139.5k | $20.40 |
| − Vacancy | −$18.6k | −$2.72 |
| EGI | $120.9k | $17.68 |
| − OpEx | −$30.2k | −$4.42 |
| NOI | $90.7k | $13.26 |
6,840 SF · lease $20.40/SF/yr · vacancy 13.32% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.30M
$1.13M – $1.51M
NOI $90,712 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,757 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Brent Tye
Loan Service
Karolina Baker/United Real ...
Real Estate Agency
Lex Lending
Loan Service
Charley King, Realtor ...
Real Estate Agency
Ivan Timoshchuk
Real Estate Agency
FAQs
What type of property is this?
Office building - 1998-built, 6,840 SF office building with four units and 100% tenant occupancy, zoned P-1.
Where is this office building located?
The property is located at 2357 Huguenard Dr Lexington, KY.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 6,840 SF office building built in 1998 with 4 units; Currently 100% tenant occupied; Zoned P‑1
