Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    444 E Main St Lexington, KY 40507

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime location with attractive architecture and professional management.

    Type:Office
    Added:
    May 23, 2022
    Days on Market:
    1417
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 444 E Main St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1989

    Spaces For Lease

    at 444 E Main St Contact us

    Suite 106 $18 /Mo

    Size
    1,365 SF
    Type
    Office
    Prime upscale first floor space. Attractive entrance with abundance of natural light.nSublease:tExpires...
    show more
    Contact us

    We can help!

    Listing Contact
    James M. Schrader
    James M. Schrader

    Listing agent James M. Schrader License #KY 41930

    Listing office Schrader Commercial Properties LLC

    Listing date May 23, 2022

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Schrader Commercial Properties LLC

    Overview

    High Visibility Lexington Office Space

    This property is located at the intersection of Main & Vine Streets and Midland Ave, offering a high-visibility location. The architecture is attractive, featuring high-quality construction. The grounds are meticulously landscaped, and on-site professional property management is provided. Free surface parking is available for both tenants and visitors. Situated at the gateway to downtown Lexington from the east end, the property allows for walking access to downtown or Ashland Park. Easy access is available in and out of the property and to all areas of Lexington. The property is suitable for office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stephanie L Nallia ... Financial Advisor The Phoenix Group - Morgan ... Financial Advisor The Fister Group - Morgan ... Financial Advisor W Morgan Fister ... Financial Advisor Brandon Fraley - Morgan ... Financial Advisor

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Law Firm Building Supply Daycare Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.490945
    Latitude
    38.040398

    Nearby Similar for Lease

    • $10/mo

      Flexible Commercial Space, Lexington, KY

      3,507 SF commercial unit suitable for office or retail.
      165 Moore Drive, Lexington, KY 40503
      View Details
    • $21/mo

      Retail Space in Lexington, KY

      Retail space for lease in a high-traffic Lexington location.
      120 W Tiverton Way, Lexington, KY 40503
      View Details
    • $14/mo

      Adaptable Office/Lab Space Available

      Versatile office/lab space for lease in Lexington, Kentucky.
      1509 Bull Lea Road, Lexington, KY 40511
      View Details
    • $21/mo

      Class A Office Building For Rent

      Renovated office space with modern amenities and convenient location.
      2312 Alexandria Drive, Lexington, KY 40504
      View Details
    • $19/mo

      Hamburg Office Space For Lease

      4,105 SF Lexington office space near Hamburg Pavilion.
      2720 Old Rosebud Road unit: 230, Lexington, KY 40509
      View Details
    • $9/mo

      Flexible Commercial Space in Lexington

      Versatile 12,400 sq ft space near Nicholasville Road.
      183 Moore Drive unit: C, Lexington, KY 40503
      View Details
    • $8/mo

      Lexington Industrial Flex Space Available

      Industrial flex space with office and warehouse components for lease.
      1113 Commercial Drive, Lexington, KY 40505
      View Details
    • Contact for pricing

      Office Space in Lexington Business Center

      Individual offices for lease with utilities included in Lexington, KY.
      444 Lewis Hargett Circle unit: 180-102, Lexington, KY 40503
      View Details
    • Contact for pricing

      Office Space in Lexington Business Center

      Individual office spaces for lease with utilities included.
      444 Lewis Hargett Circle unit: 180-107, Lexington, KY 40503
      View Details
    • $20/mo

      Class A Office Space Lexington

      Renovated office building near CHI St. Joseph medical campus.
      161 N Eagle Creek Drive unit: 150, Lexington, KY 40509
      View Details
    • Contact for pricing

      Luxury Office Space on Richmond

      High-traffic location, adaptable layout, ideal for medical or professional use.
      3475 Richmond Road, Lexington, KY 40509
      View Details
    • Contact for pricing

      Office Space in Lexington, KY

      Individual office spaces for lease in Lexington's Lewis Hargett Business Center.
      444 Lewis Hargett Circle unit: 180-110, Lexington, KY 40503
      View Details

    FAQs

    What type of property is this?
    Office building - Prime location with attractive architecture and professional management.
    Where is this office building located?
    The property is located at 444 E Main St Lexington, KY.
    What are key features of this property?
    This property features: High visibility location at the intersection of Main & Vine Streets & Midland Ave.; Free surface parking for tenants and visitors.; Walk to downtown or Ashland Park from this prime location.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing James M. Schrader
    James M. Schrader
    Real Estate License ID: KY 41930
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!