Single-Story Office Condo
3131 Custer Drive Unit #2, Lexington, KY 40517
Professional office suite with vaulted ceilings, six private offices, and dual private entrances in a quiet office condo community.
Type:Office
Property size:
1,152 SFPrice / SF:
$195/SF- Added:
- Apr 30, 2026
- Days on Market:
- 59
- Last Refresh:
- Jun 14 at 1:34 am
Property Features for 3131 Custer Drive Unit #2
General Information
- Standard status
- Active
- Size
- 1,152 SF
- Property subtype
- Office
Building Details
- Year Built
- 1987
Listing office (859) 396-5256
Listing date Apr 30, 2026
Source Xome
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 The Brokerage
HighLights
- 1,152 SF single‑story professional office suite in a quiet office condo community (built in 1987)
- Vaulted ceilings and vinyl flooring throughout
- Six enclosed private offices for focused workspaces
- Two restrooms for staff and client convenience
- Two private entrances plus a hallway door to operate as two independent offices if desired
- Open on‑site parking; shingle roof; 3 guest facilities
Overview
This single-story professional office suite is positioned within a quiet office condo community. The space features vaulted ceilings and an enclosed layout designed for client-facing work and internal operations. Six private offices provide separation for different functions or teams, and two restrooms support staff and client convenience. Two private entrances and a hallway door also allow the suite to operate as two fully independent offices if desired. Existing furniture can stay with an acceptable offer, offering a more turn-key setup for an incoming office user.
The property is identified as Unit #2 at 3131 Custer Drive in Lexington, Kentucky. It is part of an office condo environment, which can appeal to professional tenants and buyers looking for a focused setting for day-to-day business.
With its multi-office configuration, dual-entrance flexibility, and client-ready finish, the suite is well suited for a range of professional services, including medical office use, legal practices, financial advisory, or counseling groups. Investors and owner-operators can also appreciate the straightforward, office-oriented layout and the option to maintain the current furniture package as part of the transaction.
The property is identified as Unit #2 at 3131 Custer Drive in Lexington, Kentucky. It is part of an office condo environment, which can appeal to professional tenants and buyers looking for a focused setting for day-to-day business.
With its multi-office configuration, dual-entrance flexibility, and client-ready finish, the suite is well suited for a range of professional services, including medical office use, legal practices, financial advisory, or counseling groups. Investors and owner-operators can also appreciate the straightforward, office-oriented layout and the option to maintain the current furniture package as part of the transaction.
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 |
1,152 SF · lease $19.20/SF/yr · vacancy 13.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$205.7K
$180.0K – $240.0K
NOI $14,399 @ 7.0% cap · market cap 6.40%
Second Best
Healthcare Medical
$196.2K
$171.7K – $228.9K
NOI $13,736 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$238.9K
$209.0K – $278.7K
NOI $16,722 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Sarah R. S. ...
Physician
My Lifestyle Doc
Medical Clinic
Counselor | Lexington KY
Counselor
Lexington Relocation Services
Travel Agency
The Amend Group
Physician
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.45936
- Latitude
- 37.989173
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Professional office suite with vaulted ceilings, six private offices, and dual private entrances in a quiet office condo community.
Where is this office units located?
The property is located at 3131 Custer Drive Unit #2 Lexington, KY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,152 SF single‑story professional office suite in a quiet office condo community (built in 1987); Vaulted ceilings and vinyl flooring throughout; Six enclosed private offices for focused workspaces
