Hamburg Office Condo For
For Sale
Contact for pricing
2700 OLD ROSEBUD RD, Lexington, KY 40509
Professional office condo in Lexington's Hamburg Business Center.
Property Size1,666 SF
Price / SF$197.48
Days on Market97
Property Features for 2700 OLD ROSEBUD RD
General Information
Standard status
Active
Size
1,666 SF
Class
B
Property subtype
Office
Zoning
P-1 Professional Office
Investment Type
Owner/User
Building Details
Year Built
2006
Units
80
Listing Agency:
Coleman Group Commercial Real Estate & Property Managemenet
Listed By:
Isa Mashni · License #KY 46403
Source:
Crexi
Added: May 18
Changed: Aug 8
Last Checked: Aug 8 at 7:19AM
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 Coleman Group Commercial Real Estate & Property Managemenet
Investment Insights
Based on property information with market context.
Located in the Hamburg Business Center in Lexington, Kentucky, this professional office condominium is available for sale. The property contains 1,666 RSF and features a functional layout suitable for various professional users, including medical, legal, financial, insurance, counseling, and general office operations. The office space includes a reception/waiting area, six private offices, a conference room, and a kitchen/work area. Ample on-site parking is available. The property provides accessibility with convenient access to Interstate 75/64, Man O’ War Boulevard, and Winchester Road. The surrounding service area offers a mix of amenities, including restaurants, retail shopping, hotels, healthcare facilities, and other professional services. This location is suitable for both employees and clients and is ideal for an owner-user or as an investment opportunity.
Key Highlights
- Highly desirable Hamburg Business Center location with strong surrounding commercial amenities.
- Functional and efficient professional office layout featuring 6 private offices, conference room, and kitchen/work area, suitable for various uses.
- Excellent accessibility to I‑75/64, Man O’ War Boulevard, and Winchester Road.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,795
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$415,900
$415.9K
Cap Rate 7%
$297,071
$297.1K
Cap Rate 9%
$231,056
$231.1K
Market Conditions
NOI Build-Up for 1,666 SF
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.
Gross rent
$32.0K $19.20/SF
− Vacancy
−$4.3K −$2.56/SF
EGI
$27.7K $16.64/SF
− OpEx
−$6.9K −$4.16/SF
NOI
$20.8K $12.48/SF
Area
ZIP 40509
Vacancy
13.32%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$415,900
Cap Rate 7%
$297,071
Cap Rate 9%
$231,056
Alternative Uses
Best Use
Office B
$297.1K
$259.9K – $346.6K
NOI $20,795 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.1K
$303.7K – $405.0K
NOI $24,297 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Explore this area
Business Placement
Demographics for 40509, KY
44,572
Population
19,802
Households
2.3
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
47.8 sq mi
ZIP Area
932
Density / Sq Mi
$89,429
Median Household Income
$52,489
Median Earnings
$1,317
Median Rent
$338,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional office condo in Lexington's Hamburg Business Center.
Where is this office units located?
The property is located at 2700 OLD ROSEBUD RD Lexington, KY.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Highly desirable Hamburg Business Center location with strong surrounding commercial amenities.; Functional and efficient professional office layout featuring 6 private offices, conference room, and kitchen/work area, suitable for various uses.; Excellent accessibility to I‑75/64, Man O’ War Boulevard, and Winchester Road.
