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    3475 Blazer Pkwy Lexington, KY 40509

    Sponsored
    For Lease
    $6 SF/Yr

    Lexington, KY Office Space Available

    Lot size:
    365,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Lexington, KY office campus, formerly the headquarters for Valvoline and Ashland Oil, offers 365,000 square feet of flexible space across two Class A buildings on a 22.9-acre landscaped campus. The property boasts two large ponds with fountains and over a mile of walking trails. Each building features efficient floor plans adaptable to single or multiple tenants, with a minimum divisible space of 28,000 square feet and up to 365,000 square feet contiguous. The five-story buildings, constructed in phases (1983 and 1991), offer 10-foot ceilings and a modular wall system for easy, cost-effective reconfiguration. The property includes 230 parking spaces and eight elevators. Robust infrastructure includes two underground 2,000-volt power services from redundant substations, 480/277-volt 3-phase 4-wire service with GFI protection, and three Caterpillar diesel generators for backup power. Utilities are distributed via an underground tunnel, also serving as a storm shelter. The property is ideally suited for executive offices, coworking spaces, medical offices, creative offices, or traditional office uses. Multiple suites are available.

    Property Features for 3475 Blazer Pkwy

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    365,000 SF
    Class
    A
    Total Rate
    182500

    Building Details

    Year Built
    1983
    Buildings
    2
    Stories
    5

    Unit(s) available at that property

    Space
    3499 - Technology Center
    Size
    260,000 SF
    Rate per SF
    $12
    Space
    3499 - Data Center
    Size
    120,000 SF
    Rate per SF
    $12

    HighLights

    • Two separate buildings available: 245,000+/- SF Tech Center and 120,000+/- SF Data Center.
    • 30‑camera video security system.
    • Integrated ceiling grid system allows for rapid reconfiguration of office space.
    • Hundreds of relocatable solid and glass wall panels and doors available, significantly reducing renovation time and costs.
    • Magnetic key card access system.
    • Onsite maintenance and management.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bluegrass Specialty Surgery ... Surgical Center Briggs Waste Rentals Waste Management Service Water Damage Experts ... Building Restoration Service

    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
    -84.434729
    Latitude
    38.0010679

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    FAQs

    What type of property is this?
    Office space - Lexington, KY Office Space Available
    Where is this office space located?
    The property is located at 3475 Blazer Pkwy Lexington, KY.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Two separate buildings available: 245,000+/- SF Tech Center and 120,000+/- SF Data Center.; 30-camera video security system.; Integrated ceiling grid system allows for rapid reconfiguration of office space.
    Request Owner's contact information
    3475 Blazer Pkwy Lexington, KY 40509
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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
    3475 Blazer Pkwy Lexington, KY 40509
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