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    104 Progress Dr Frankfort, KY 40601

    For Lease
    $12 SF/Yr ($12,166 /Mo)

    Prime Frankfort Office: 11,680 SF, Newly Renovated

    Lot size:
    11,680 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Class A office building, totaling 11,680 square feet, is available for sale or lease in Frankfort, Kentucky. Built in 2004 and extensively renovated in 2022, this two-story, all-brick structure boasts a desirable location just minutes from I-64, providing easy access to Lexington and Louisville. The property sits on a 0.91-acre lot and includes 44 parking spaces. The building features a spacious layout, including numerous private offices, open work areas, conference rooms, and kitchenettes on both floors. The upper level offers 12 private offices, a conference room, a large open office area, and a kitchenette/break room, along with a large screened porch. The lower level includes 6 private offices, open office areas suitable for training, a private entrance, and a kitchen/break room. The building is ADA compliant and is ideally suited for a variety of office uses, including medical practices. Its strategic location within an established commercial area, surrounded by retail and hospitality businesses, makes it an attractive investment opportunity. The property's zoning is PO, and its APN is 095-00-00-061.03. The building also features a recently replaced roof (less than two years old). This property offers a unique blend of modern amenities and convenient access to major transportation routes, making it an ideal choice for businesses seeking a high-quality office space in a thriving Kentucky market.

    Property Features for 104 Progress Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,680 SF
    Class
    A
    Total Rate
    12166.67

    Building Details

    Year Built/Renovated
    2004/2022
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    11,680 SF
    Rate per SF
    $12

    HighLights

    • Excellent I‑64 and US‑60 access, near retail and hotels.
    • 0.91‑acre site with 44 parking spaces.
    • Separate upper and lower level entrances allow for easy two‑tenant occupancy.
    • 2022 renovation includes a new roof and updated interior.
    • Modern office furniture (cubicles, desks, etc.) available for purchase or lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Solarity, a HealthTech Solutions ... Corporate Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Franklin
    State
    Kentucky
    Longitude
    -84.8040332
    Latitude
    38.1749962

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Frankfort Office: 11,680 SF, Newly Renovated
    Where is this office property / space located?
    The property is located at 104 Progress Dr Frankfort, KY.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Excellent I-64 and US-60 access, near retail and hotels.; 0.91-acre site with 44 parking spaces.; Separate upper and lower level entrances allow for easy two-tenant occupancy.
    Request Owner's contact information
    104 Progress Dr Frankfort, KY 40601
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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
    104 Progress Dr Frankfort, KY 40601
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