Medical Office Space For
3217 Summit Square Place Lexington, KY 40509
For Sale
$575,000
Pending
COMMERCIAL - Lexington, KY
Property Size3,090 SF
Days on Market61
Property Features for 3217 Summit Square Place
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
56
Standard status
Pending
APN
38131060
Size
3,090 SF
Utilities
Utilities
Cable Available
Building Details
Year built
2002
Floors in Building
2
Building materials
Steel Frame, Brick, Concrete
Roof type
Shingle
Listing Agency:
Plum Tree Realty
(513) 443-5060
Listed By:
Brianna R Jonkers
(859) 221-2117
Added: May 30
Changed: Jun 16
Last Checked: Jul 29 at 6:06PM
MLS# 26012336
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.
Investment Insights
Based on property information with market context.
This commercial property, currently outfitted as a medical office, is available for sale. The property is located in Summit Square Place near St. Joe East in Lexington, Kentucky. The office space includes four treatment rooms, a waiting room, a central office, laundry and kitchen facilities, one restroom, a break room, and a storage room. The property has a size of 3090 square feet and is located in the 40509 postal code area of Fayette County.
Key Highlights
- Desirable location in Summit Square Place near St. Joe East.
- Currently outfitted as a medical office with 4 treatment rooms.
- Includes waiting room, central office, laundry and kitchen facilities.
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 | $59.3k | $19.20 |
| − Vacancy | −$7.9k | −$2.56 |
| EGI | $51.4k | $16.64 |
| − OpEx | −$12.9k | −$4.16 |
| NOI | $38.6k | $12.48 |
3,090 SF · lease $19.20/SF/yr · vacancy 13.32% · expense 25.00%
Alternative Uses
Best Use
Office B
$551.0K
$482.1K – $642.8K
NOI $38,569 @ 7.0% cap · market cap 6.71%
Second Best
Healthcare Medical
$462.8K
$404.9K – $539.9K
NOI $32,393 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$643.8K
$563.3K – $751.1K
NOI $45,066 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Richmond Road Veterinary Clinic — 3270 Richmond Rd, Lexington, KY 40509
- Blue Paw Primary Pet Care — 3101 Richmond Rd Ste 306, Lexington, KY 40509
- Kevin Smith — 3270 Richmond Rd, Lexington, KY 405091811
- PetVet365 Pet Hospital Lexington/Richmond Rd — 2870 Richmond Rd Suite 160 and 170, Lexington, KY 40509
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office space near St. Joe East, currently a medical office.
Where is this medical office space located?
The property is located at 3217 Summit Square Place Lexington, KY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Desirable location in Summit Square Place near St. Joe East.; Currently outfitted as a medical office with **4 treatment rooms.**; Includes waiting room, central office, laundry and kitchen facilities.
