3131 Custer Drive, Lexington, KY 40517
COMMERCIAL - Lexington, KY
- Added:
- May 21, 2026
- Days on Market:
- 48
- Last Refresh:
- Jul 7 at 8:06 pm
Property Features for 3131 Custer Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Open
- Basement
- Crawl Space
- Standard status
- Active
- APN
- 20054120
- Size
- 1,152 SF
- Lot size
- 0.05 Acres
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1987
- Floors in Building
- 1
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing agent Chad Bowman (859) 396-5256
Listing office The Brokerage 505 Wellington Way St. 125, Lexington, KY (859) 983-7365
Listing date May 21, 2026
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Versatile 1,152 sq ft professional office suite for various businesses or investment.
- Six private offices offer dedicated workspace.
- Two private entrances allow operation as two independent offices.
- Vaulted ceilings create an open and impressive atmosphere.
- Two restrooms provide convenience.
- Turnkey opportunity with existing furniture potentially included.
Overview
Located at 3131 Custer Drive in Lexington, Kentucky 40517, the property is part of a dedicated office condo environment. That setting can help provide a straightforward day-to-day experience for clients and occupants who want a professional, low-disruption atmosphere.
The configuration is well-suited for a range of professional uses that benefit from multiple private offices and flexible access. Whether you’re an established practice looking for a clean, ready-to-occupy space, or a growing firm that wants room for separate work areas, the suite’s enclosed office setup and dual-entrance design offer practical options for staffing and workflow.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.459401
- Latitude
- 37.98914
