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    824 Bull Lea Run Lexington, KY 40511

    Sponsored
    For Lease
    $31 SF/Yr

    Lexington, KY: Prime Office & Lab Space

    Lot size:
    44,533 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office property, located at 824 Bull Lea Run in Lexington, Kentucky (40511), offers 23,000 square feet of immediately available space within a larger 44,533 square foot building. Built in 2022, this two-story building features modern amenities including elevators and a shared, attractive common area lobby. The space is divisible to a minimum of 2,450 square feet, allowing for flexibility to accommodate various business needs. The property is zoned P-2 and situated in Fayette County, offering convenient access to major thoroughfares including I-75, I-64, New Circle Road, and Lexington's airport. The building boasts a 7' x 10' overhead door for convenient deliveries, ideal for businesses requiring such access. The available space can be configured as shell condition lab or office space, adaptable to tenant specifications. This location is perfect for businesses seeking a modern, high-tech environment, and is already home to a variety of innovative research and office tenants. The asking rate is $31 per square foot annually, gross, with tenant improvement allowances negotiable for leases exceeding five years. Tenants are responsible for janitorial services within their leased space. This property presents a unique opportunity to establish a presence in a thriving research and business community.

    Property Features for 824 Bull Lea Run

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,533 SF
    Class
    A
    Total Rate
    115043.58

    Building Details

    Year Built
    2022
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 3
    Size
    7,997 SF
    Rate per SF
    $31
    Space
    Available Space 2
    Size
    2,454 SF
    Rate per SF
    $31
    Space
    Available Space 1
    Size
    12,877 SF
    Rate per SF
    $31

    HighLights

    • New, Class A, high‑tech office building (2022 construction).
    • Prime location in Coldstream Research Park.
    • 44,533‑square‑foot, two‑story building with elevator.
    • Modern common area lobby with seating.
    • Shared 7' x 10' overhead loading door.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bluegrass AgTech Agricultural Organization Roberts CPA Group Certified Public Accountant Export Assistance Center Federal Government Office CoRE Building Office Space Rental Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4912859
    Latitude
    38.0915791

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    FAQs

    What type of property is this?
    Medical office - Lexington, KY: Prime Office & Lab Space
    Where is this medical office located?
    The property is located at 824 Bull Lea Run Lexington, KY.
    What is the lease rate?
    The lease rate is $31 SF/Yr.
    What are key features of this property?
    This property features: New, Class A, high-tech office building (2022 construction).; Prime location in Coldstream Research Park.; 44,533-square-foot, two-story building with elevator.
    Request Owner's contact information
    824 Bull Lea Run Lexington, KY 40511
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    Lexington, KY 40511
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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
    824 Bull Lea Run Lexington, KY 40511
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