Professional Office
857 Sparta Court, Lexington, KY 40504
For Sale
Contact for pricing
B-1-zoned office suite with a professional configuration and access to Versalles Road and Downtown.
Property Size1,200 SF
Price / SF$1.17
Days on Market54
Property Features for 857 Sparta Court
General Information
Standard status
Size
Property subtype
Zoning
Lease Term
Additional Details
Road Access
Properties For Sale
at 857 Sparta Court
857 Sparta Court
Size
1,200 SF
Type
Office Building
Term
Negotiable
Listing Agency:
SVN | Stone Commercial Real Estate
Listed By:
Wade Haga, CCIM · License KY #223094
(859) 285-2202
Source:
Svnstone
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 10 at 7:41AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot professional office suite is identified as Suite B at 857 Sparta Court in Lexington, Kentucky. The property carries B-1 zoning and is described as being near move-in ready, providing an office setting for commercial occupancy.
The location offers access to Versalles Road and Downtown. The suite is presented as a distinct office unit within the property, with its address and suite designation supporting straightforward identification for occupants and visitors.
The location offers access to Versalles Road and Downtown. The suite is presented as a distinct office unit within the property, with its address and suite designation supporting straightforward identification for occupants and visitors.
Key Highlights
- 1,200 SF professional office suite
- Suite B at 857 Sparta Court, Lexington, KY 40504
- B‑1 zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,414
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,280
$268.3K
Cap Rate 7%
$191,629
$191.6K
Cap Rate 9%
$149,044
$149.0K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$21.6K $18.00/SF
− Vacancy
−$3.7K −$3.10/SF
EGI
$17.9K $14.90/SF
− OpEx
−$4.5K −$3.73/SF
NOI
$13.4K $11.18/SF
Area
Lexington, KY
Vacancy
17.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,280
Cap Rate 7%
$191,629
Cap Rate 9%
$149,044
Alternative Uses
Best Use
Office B
$191.6K
$167.7K – $223.6K
NOI $13,414 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$250.0K
$218.8K – $291.7K
NOI $17,501 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
Explore this area
Business Placement
Demographics for 40504, KY
26,042
Population
13,175
Households
2
Avg Household Size
34
Median Age
32%
College-Educated
84%
High-School Grad
6.2 sq mi
ZIP Area
4,200
Density / Sq Mi
$43,015
Median Household Income
$29,195
Median Earnings
$888
Median Rent
$209,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - B-1-zoned office suite with a professional configuration and access to Versalles Road and Downtown.
Where is this office unit located?
The property is located at 857 Sparta Court Lexington, KY.
What are key features of this property?
This property features: 1,200 SF professional office suite; Suite B at 857 Sparta Court, Lexington, KY 40504; B‑1 zoning designation
