Retail Space in Multi-Tenant
6-101 Malabu Dr, Lexington, KY 40502
For Sale
$162,000
The property is part of a retail setting with neighboring professional and personal-service businesses.
Property Size936 SF
Price / SF$173.08
Days on Market9
Property Features for 6-101 Malabu Dr
General Information
Standard status
Size
Site & Location
Neighborhood
Building Details
Tenancy
Listing Agency:
Bluegrass Sotheby's International Realty
(859) 268-0099
Listed By:
Steve Moore
(859) 361-6611
Source:
Exprealty
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 10 at 11:20AM
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 Bluegrass Sotheby's International Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 936-square-foot retail space is in a multi-tenant property. Other occupants include a doctor’s office, hair salon, insurance agency, and optical company.
On-site parking is available, and quick possession is offered. The property is being sold, not offered for lease.
On-site parking is available, and quick possession is offered. The property is being sold, not offered for lease.
Key Highlights
- 936‑square‑foot retail space
- Co‑tenants include a doctor’s office, hair salon, insurance agency, and optical company
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,907
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,140
$178.1K
Cap Rate 7%
$127,243
$127.2K
Cap Rate 9%
$98,967
$99.0K
Market Conditions
NOI Build-Up for 936 SF
Gross rent
$13.5K $14.40/SF
− Vacancy
−$755 −$0.81/SF
EGI
$12.7K $13.59/SF
− OpEx
−$3.8K −$4.08/SF
NOI
$8.9K $9.52/SF
Area
Lexington, KY
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,140
Cap Rate 7%
$127,243
Cap Rate 9%
$98,967
Alternative Uses
Best Use
Retail
$127.2K
$111.3K – $148.5K
NOI $8,907 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$195.0K
$170.6K – $227.5K
NOI $13,651 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
49k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Dining 29%
Shops & Services 26%
The Fresh Market
Groceries
22,275 visits/mo
0.2 miles
Arby's
Dining
10,355 visits/mo
0.2 miles
Hallmark
Shops & Services
5,265 visits/mo
0.3 miles
Baskin-Robbins
Dining
3,836 visits/mo
0.2 miles
Chase Bank
Shops & Services
2,820 visits/mo
0.3 miles
Demographics for 40502, KY
26,080
Population
14,232
Households
1.8
Avg Household Size
40
Median Age
67%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
3,673
Density / Sq Mi
$73,939
Median Household Income
$46,197
Median Earnings
$1,068
Median Rent
$483,600
Median Home Value
Market
Properties on Market for Retail space in Lexington
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The property is part of a retail setting with neighboring professional and personal-service businesses.
Where is this retail space located?
The property is located at 6-101 Malabu Dr Lexington, KY.
What is the asking price?
The asking price for this property is $162,000.
What are key features of this property?
This property features: 936‑square‑foot retail space; Co‑tenants include a doctor’s office, hair salon, insurance agency, and optical company; On‑site parking
