Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Updated Standalone Medical Office Title is generated by Realmo AI

    635 Comanche Trail, Frankfort, KY 40601

    View on Map
    Claim this Listing
    For Lease
    $5,000/Mo $12 SF/Yr (calc)

    COMMERCIAL - Frankfort, KY

    Type:Office
    Property size:
    4,800 SF
    Lot size:
    0.34 Acres
    Added:
    May 8, 2026
    Days on Market:
    29
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for 635 Comanche Trail

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking
    22
    Parking features
    Open
    Standard status
    Active
    APN
    074-30-15-012.00
    Size
    4,800 SF
    Lot size
    0.34 Acres

    Utilities

    Utilities
    Phone Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Multi Units, Central Air, Electric

    Building Details

    Year built
    1986
    Floors in Building
    1

    We can help!

    Listing Contact
    Terra Jeffries

    Listing agent Terra Jeffries

    Listing office RE/MAX Elite Realty 465 S Fourth St, Lexington, KY

    Listing date May 8, 2026

    MLS# 26012898

    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.

    HighLights

    • Standalone medical office building built in 1986 with natural gas heat and central air
    • Exclusive on‑site parking lot with 22 spaces
    • Right‑side exterior doors allow the space to be divided into 3 separate units, each with a private entrance and dedicated bathroom
    • Includes a dedicated reception area, triage area, and an eat‑in kitchenette
    • Eight private, well‑lit offices plus four updated bathrooms
    • Three meeting rooms for conferences, training, or staff meetings

    Overview

    This updated standalone medical office building was previously used for an orthodontic practice and is laid out to support patient-facing workflow. The right side of the building includes three exterior doors, providing the option to divide the space into three separate units. Each unit configuration is described as having its own private entrance and dedicated bathroom. Interior amenities include a dedicated reception area, a triage area, eight private offices, and three meeting rooms for staff use. There is also an eat-in kitchenette for staff convenience, along with four individual bathrooms that have been updated.

    The property sits on a 0.344-acre parcel and includes an exclusive on-site parking lot with 22 spaces, supporting patient and staff access. The building is available for lease and the landlord will consider dividing the units, but leasing will be limited to one tenant.

    For medical and health-related professionals, the combination of patient reception, triage space, private offices, updated bathrooms, and multiple meeting rooms can accommodate both clinical and administrative needs in a purpose-built layout. The multiple exterior entrances also provide useful flexibility for how space can be organized within the building while maintaining privacy at the unit level, subject to the landlord’s one-tenant leasing structure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Clark D Cash, ... Dental Office Dr. Leah Sebastian Dental Office Dr. Trevor Taylor Dental Office Taylor Orthodontics Dental Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Franklin
    State
    Kentucky
    Longitude
    -84.839199
    Latitude
    38.215793

    Nearby Similar for Lease

    • $1,500/Mo
      1,600 SF

      Frankfort Commercial Space For Rent

      Commercial space available for rent in Frankfort, Kentucky.
      200 W Broadway Street, Frankfort, KY 40601
      View Details
    • $3,458/Mo
      2,964 SF

      Frankfort Office Space For Lease

      Remodeled office space in high-traffic Frankfort location available for lease.
      111 St James Court, Frankfort, KY 40601
      View Details
    • $12 SF/Yr
      11,680 SF

      Newly Renovated Two-Story Office Building

      Move-in-ready, divisible office building with screened porch and ample parking, minutes to I-64 for easy regional access.
      104 Progress Dr, Frankfort, KY 40601
      View Details
    • $2,200/Mo
      1,800 SF

      Downtown Frankfort Restaurant Space Available

      First-floor restaurant space in downtown Frankfort with high traffic.
      308 Ann St, Frankfort, KY
      View Details
    • $14 SF/Yr
      8,832 SF

      Remodeled Office Space For Lease

      Freestanding building with remodeled office space for lease.
      111 Saint James Ct, Frankfort, KY 40601
      View Details
    • $1,700/Mo
      1,217 SF

      Professional Office Space Available

      Like-new office space with private offices and reception area.
      1120 #1 US Hwy 127 S Road, Frankfort, KY 40601
      View Details
    • Contact for pricing
      35,750 SF

      Retail End-Cap Space Available

      35,750 SF retail space in high-traffic Frankfort location.
      1300 U.S. Highway 127 South, Frankfort, KY, 40601
      View Details
    • $6 SF/Yr
      112,000 SF

      Frankfort Warehouse Space Available

      112,000± SF warehouse space for sublease in Frankfort, KY.
      101 Corporate Drive, Frankfort, KY, 40601
      View Details
    • Contact for pricing
      9,211 SF

      Frankfort Industrial Building with Fenced Yard

      9,211 SF industrial building with secure yard for lease.
      2663 Evergreen Rd, Frankfort, KY 40601
      View Details
    • Contact for pricing
      12,420 SF

      Eastwood Shopping Center End Cap

      Vacant end cap in anchored shopping center for sublease.
      101 eastwood shopping center, Frankfort, KY
      View Details
    • $15 SF/Yr

      Downtown Frankfort Office Space Available

      Remodeled office space with parking in downtown Frankfort.
      410 Ann St, Frankfort, KY, 40601-1929
      View Details
    • Contact for pricing
      11,680 SF

      Renovated Office Building For Lease

      Newly renovated office building for lease in Frankfort, Kentucky.
      104 Progress Dr, Frankfort, KY 40601
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Standalone medical office with three exterior entrances, updated bathrooms, multiple offices, and on-site parking for 22 vehicles.
    Where is this medical office space located?
    The property is located at 635 Comanche Trail Frankfort, KY.
    What is the lease rate?
    The lease rate is $5,000 /Mo.
    What are key features of this property?
    This property features: Standalone medical office building built in 1986 with natural gas heat and central air; Exclusive on‑site parking lot with 22 spaces; Right‑side exterior doors allow the space to be divided into 3 separate units, each with a private entrance and dedicated bathroom
    (859) 312-0058
    We can help!
    Listing Contact
    Terra Jeffries
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    635 Comanche Trail, Frankfort, KY 40601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!