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    151 Zandale Dr Lexington, KY 40503

    Sponsored
    For Lease
    $26 SF/Yr

    Lexington Office Space: Prime Location, Flexible Sizes

    Lot size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    West Zandale Plaza, located at 151 W Zandale Dr, Lexington, KY 40503, offers exceptional office space in a vibrant South Lexington location. This Class A, single-story building, constructed in 2014, totals 12,000 square feet and sits on a 1.29-acre lot. The property features a mix of executive, medical, and creative office spaces, with multiple suites available. Units range from a minimum of 1,500 square feet to a maximum contiguous space of 2,380 square feet, making it suitable for a variety of businesses. The building boasts 65 parking spaces (a ratio of 1 space per 185 square feet), providing ample parking for tenants and their clients, with overflow parking also available. Currently, 3,880 square feet of space is vacant. The property is zoned B-1, Neighborhood Business, and enjoys high visibility and accessibility with direct access to a signalized intersection off Nicholasville Road, experiencing approximately 32,638 average daily traffic counts. Its convenient location near hospitals, universities, and downtown Lexington makes it an attractive option for businesses seeking a central location. The building is served by electric power and does not include elevators. The property's Building Floor Area Ratio (FAR) is 21.2. This exceptional property presents a unique opportunity for businesses seeking high-quality office space in a thriving area of Lexington.

    Property Features for 151 Zandale Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,000 SF
    Class
    A
    Total Rate
    26000

    Building Details

    Year Built
    2014
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite: 140/150
    Size
    2,380 SF
    Rate per SF
    $26
    Space
    Suite 160
    Size
    1,500 SF
    Rate per SF
    $26

    HighLights

    • 12,000 SF retail/office center on 1.29 acres.
    • 1,500 - 2,380 SF office suites available for lease.
    • Anchored by Ramsey's Restaurant.
    • High‑traffic location with direct access to a signalized intersection off Nicholasville Road, experiencing approximately 38,076 ADT.
    • 65 parking spaces (1:185 SF ratio), plus overflow parking.
    • Excellent location near hospitals, universities, and downtown Lexington.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ramsey's Diner - Zandale Diner F45 Training South ... Gym

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -84.5188984
    Latitude
    38.0093939

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    FAQs

    What type of property is this?
    Neighborhood center - Lexington Office Space: Prime Location, Flexible Sizes
    Where is this neighborhood center located?
    The property is located at 151 Zandale Dr Lexington, KY.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: 12,000 SF retail/office center on 1.29 acres.; 1,500 - 2,380 SF office suites available for lease.; Anchored by Ramsey's Restaurant.
    Request Owner's contact information
    151 Zandale Dr Lexington, KY 40503
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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
    151 Zandale Dr Lexington, KY 40503
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