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    3138 Custer Dr Lexington, KY 40517

    Sponsored
    For Sale
    $1,739,000

    14,850 SF Office Building, High NOI

    Property size:
    14,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This two-story, 14,850 square foot Class B office building in Lexington, KY, presents a compelling owner-user opportunity. Located at 3138 Custer Drive, this multi-tenant property boasts 70 parking spaces and is situated on a 1.12-acre lot. Built in 1990 with various renovations, it features a high-efficiency HVAC system, sprinkler and security systems, and a prominent monument sign. The building is zoned P-1 for professional office use and enjoys excellent access to major thoroughfares including Man O' War Boulevard, New Circle Road, and Interstates 75/64. Currently housing six tenants, the property offers a strong net operating income (NOI) of $130,882, resulting in a 7.53% cap rate. The asking price is $1,739,000. Detailed financial information is available upon request. This value-add investment is ideal for medical, professional, or general office use, benefiting from its convenient location and strong surrounding commercial and residential density. The property includes an elevator.

    Property Features for 3138 Custer Dr

    General Information

    Property type
    Medical offices
    Square Feet
    14,850 SF
    Class
    B
    Lot Size
    48,787 SF

    Building Details

    Year Built
    1990
    Buildings
    1
    Stories
    2

    HighLights

    • Ideal owner‑occupant opportunity.
    • 14,850‑square‑foot, two‑story office building with elevator.
    • Prominent location near Pimlico Parkway and Man O' War Boulevard.
    • Equipped with fire sprinkler and security systems.
    • High‑efficiency HVAC system with rooftop units and zoned climate control.
    • Monument signage on Custer Drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lexington Dental Center Dentist Central Business Systems, ... Computer Support And Services Progressive Therapy Outpatient Physical Therapist your core life ... Life Coach The Marketing Edge Promotional Products Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4589831
    Latitude
    37.9886197

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    FAQs

    What type of property is this?
    Medical office - 14,850 SF Office Building, High NOI
    Where is this medical office located?
    The property is located at 3138 Custer Dr Lexington, KY.
    What is the asking price?
    The asking price for this property is $1,739,000.
    What are key features of this property?
    This property features: Ideal owner-occupant opportunity.; 14,850-square-foot, two-story office building with elevator.; Prominent location near Pimlico Parkway and Man O' War Boulevard.
    Request Owner's contact information
    3138 Custer Dr Lexington, KY 40517
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    Lexington, KY 40517
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    Realmo Value Estimation

    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.

    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.

    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
    3138 Custer Dr Lexington, KY 40517
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