Office Suite with
535 Wellington Way Unit 330, Lexington, KY 40503
For Sale
New
Contact for pricing
The suite includes two restrooms, surface parking, and window-provided natural light.
Property Size2,519 SF
Price / SF$1.79
Days on Market3
Property Features for 535 Wellington Way Unit 330
General Information
Standard status
Size
Property subtype
Zoning
Lease Term
Site & Location
Neighborhood
Additional Details
Condition
Tenant in Place
Property Use
Amenities
large windows with natural light
kitchenette
restrooms
Building Details
Tenancy
Properties For Sale
at 535 Wellington Way Unit 330
535 Wellington Way
Size
2,519 SF
Term
Negotiable
Listing Agency:
SVN | Stone Commercial Real Estate
Listed By:
Wade Haga, CCIM · License KY #223094
(859) 285-2202
Source:
Svnstone
Added: Nov 12
Last Checked: Nov 12 at 2:40PM
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.
Unit 330 is a 2,519-square-foot office suite with a kitchenette and two restrooms. Large windows bring natural light into the space, and surface parking is available on site. The property is zoned P1.
The suite is near New Circle Road, Nicholasville Road, and Fayette Mall. The current occupant is open to subleasing one office, offering a separate occupancy arrangement within the suite.
The suite is near New Circle Road, Nicholasville Road, and Fayette Mall. The current occupant is open to subleasing one office, offering a separate occupancy arrangement within the suite.
Key Highlights
- 2,519‑square‑foot office suite
- Kitchenette and two restrooms inside the suite
- On‑site surface parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,407
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,140
$668.1K
Cap Rate 7%
$477,243
$477.2K
Cap Rate 9%
$371,189
$371.2K
Market Conditions
NOI Build-Up for 2,519 SF
Gross rent
$51.4K $20.40/SF
− Vacancy
−$6.8K −$2.72/SF
EGI
$44.5K $17.68/SF
− OpEx
−$11.1K −$4.42/SF
NOI
$33.4K $13.26/SF
Area
ZIP 40503
Vacancy
13.32%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,140
Cap Rate 7%
$477,243
Cap Rate 9%
$371,189
Alternative Uses
Best Use
Office B
$477.2K
$417.6K – $556.8K
NOI $33,407 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.8K
$459.2K – $612.3K
NOI $36,738 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
Explore this area
Business Placement
Demographics for 40503, KY
28,073
Population
13,437
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
3,190
Density / Sq Mi
$74,161
Median Household Income
$43,061
Median Earnings
$1,110
Median Rent
$280,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Lexington, KY
Properties on Market for Office Units in Lexington
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes two restrooms, surface parking, and window-provided natural light.
Where is this office unit located?
The property is located at 535 Wellington Way Unit 330 Lexington, KY.
What are key features of this property?
This property features: 2,519‑square‑foot office suite; Kitchenette and two restrooms inside the suite; On‑site surface parking
