Second-Floor Office
For Sale
$165,000
513 Darby Creek Rd Unit 62, Lexington, KY 40509
Bright, move-in-ready office unit with private rooms, a kitchen, and a full bathroom.
Property Size1,120 SF
Days on Market49
Property Features for 513 Darby Creek Rd Unit 62
General Information
Standard status
Active
Size
1,120 SF
Class
B
Property subtype
Office - General Office
Additional Details
Floor
Second Floor
Office Units
1
Building Details
Building Size
1,120 SF
Year Built
1996
Units
14
Listing Agency:
SVN | Stone Commercial Real Estate
Listed By:
Neal Metcalfe · License #217705
(859) 312-8069
Source:
Commercialcafe
Added: Aug 30
Changed: Oct 7
Last Checked: Oct 16 at 6:11AM
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 SVN | Stone Commercial Real Estate
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Investment Insights
Based on property information with market context.
This 1,120-square-foot office condominium occupies the second floor and provides five private offices, a kitchen, and a full bathroom. Natural light contributes to a bright work environment, while recent painting and clean carpeting give the space a refreshed, ready-to-use presentation.
The property is located at 513 Darby Creek Rd, Unit 62, in Lexington, Kentucky, and carries P-1 zoning. Its multi-office layout offers a practical configuration for an owner-user or business seeking a dedicated office setting.
The property is located at 513 Darby Creek Rd, Unit 62, in Lexington, Kentucky, and carries P-1 zoning. Its multi-office layout offers a practical configuration for an owner-user or business seeking a dedicated office setting.
Key Highlights
- 1,120‑square‑foot second‑floor office condominium
- Five private offices for dedicated work areas
- Kitchen and full bathroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,980
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,600
$279.6K
Cap Rate 7%
$199,714
$199.7K
Cap Rate 9%
$155,333
$155.3K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$21.5K $19.20/SF
− Vacancy
−$2.9K −$2.56/SF
EGI
$18.6K $16.64/SF
− OpEx
−$4.7K −$4.16/SF
NOI
$14.0K $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 Rate 5%
$279,600
Cap Rate 7%
$199,714
Cap Rate 9%
$155,333
Alternative Uses
Best Use
Office B
$199.7K
$174.8K – $233.0K
NOI $13,980 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$233.3K
$204.2K – $272.2K
NOI $16,334 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,716
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Bright, move-in-ready office unit with private rooms, a kitchen, and a full bathroom.
Where is this office units located?
The property is located at 513 Darby Creek Rd Unit 62 Lexington, KY.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 1,120‑square‑foot second‑floor office condominium; Five private offices for dedicated work areas; Kitchen and full bathroom included
