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    114 Reynolds Rd Lexington, KY 40517

    Sponsored
    For Lease
    $16 SF/Yr ($8,448 /Mo)

    Prime Lexington office space, multiple suites available.

    Lot size:
    6,336 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,336 square foot office building, located at 114 E Reynolds Rd, Lexington, KY 40517, presents a unique investment opportunity. Situated on a 0.24-acre lot and conveniently located near Nicholasville Road, this property boasts a prime location with excellent visibility and accessibility. The building is zoned P-1, Professional Office, allowing for a variety of uses. Currently, there are three available office spaces totaling 4,500 square feet, ideal for businesses seeking expansion or relocation. The building's traditional office layout is also well-suited for medical office practices. The property's Asset Property Number (APN) is 23014000. With its multiple tenancy structure, this building offers flexibility for various business needs. The total building size is 6,336 square feet, providing ample space for growth and development. This property represents a compelling opportunity to acquire a well-located, versatile office building in a thriving Kentucky market. The address is easily accessible and benefits from high traffic counts. The available space is ready for immediate occupancy, offering a seamless transition for new tenants. This is an excellent opportunity for businesses seeking a strategic location in Lexington.

    Property Features for 114 Reynolds Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,336 SF
    Total Rate
    8448

    Unit(s) available at that property

    Space
    Suite 102
    Size
    1,500 SF
    Rate per SF
    $16
    Space
    Suite 202
    Size
    1,500 SF
    Rate per SF
    $16
    Space
    Suite 201
    Size
    1,500 SF
    Rate per SF
    $16

    HighLights

    • 1,500 SF first‑floor office space available for lease.
    • Two 1,500 SF second‑floor suites, recently renovated, leasable individually or combined.
    • Undergoing capital improvements.
    • Freestanding building with ample parking; lot to be resurfaced.
    • Excellent Nicholasville Road location, across from Fayette Mall.
    • Exterior signage available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Eye Care Center ... Optometrist Dr. Matthew Burchett, ... Optometrist Dr. Anthony C. ... Optometrist Reynolds w T ... Optometrist My Vision Care Optometrist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5227463
    Latitude
    37.9905244

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    FAQs

    What type of property is this?
    Medical office - Prime Lexington office space, multiple suites available.
    Where is this medical office located?
    The property is located at 114 Reynolds Rd Lexington, KY.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 1,500 SF first-floor office space available for lease.; Two 1,500 SF second-floor suites, recently renovated, leasable individually or combined.; Undergoing capital improvements.
    Request Owner's contact information
    114 Reynolds Rd 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
    114 Reynolds Rd Lexington, KY 40517
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