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    2285 Executive Dr Lexington, KY 40505
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    Property profile & analytics

    2285 Executive Dr, Lexington, KY 40505

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    • Office Spaces
    • 38,367 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Canon Solutions America / Big Box & Wholesale Store
    • Nutrition & You Health Centre / Alternative Medicine Practice
    • BluMine Health Lexington / Medical Clinic
    • HRC Medical Center Lexington / Medical Clinic
    • Commercial Real Estate Loans Lexington KY / Loan Service / Bank

    Property Details for 2285 Executive Dr

    Year built
    1990
    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    2285 Executive Drive offers exceptional office space in Lexington, Kentucky. This four-story building, totaling 38,367 square feet, is situated on a 1.86-acre lot and boasts 126 parking spaces. Built in 1990, the property is zoned P-1, Professional Office, and features multiple tenancy options. Currently, there is 15,619 square feet of vacant space available, with units ranging from a minimum of 1,335 square feet to a maximum contiguous space of 10,000 square feet. The building's convenient location in Eastern Fayette County provides easy access to the I-75/I-64 interchange, Hamburg Pavilion, and downtown Lexington. Its prime location and ample parking make it an ideal choice for businesses seeking high-quality office space in a desirable area. The address is 2285 Executive Drive, Lexington, KY 40505, conveniently located near Winchester Road and Executive Drive. This property presents a unique opportunity for businesses of various sizes to establish a strong presence in a thriving Lexington community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4293
    Latitude
    38.0428

    Comparable in this City

    • Value Estimation by Request
      953 SF

      2240 Executive Dr Ste, Unit 202

      CONDOMINIUM OFFICES
      2240 Executive Dr Ste, Lexington, KY 40505-4876
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    • Value Estimation by Request
      1,199 SF

      2250 Thunderstick Dr Ste, Unit 1102

      CONDOMINIUM OFFICES
      2250 Thunderstick Dr Ste, Lexington, KY 40505-9009
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    • Value Estimation by Request
      548 SF

      2250 Thunderstick Dr Ste, Unit 1204

      CONDOMINIUM OFFICES
      2250 Thunderstick Dr Ste, Lexington, KY 40505-9011
      View Details
    • Value Estimation by Request
      1,115 SF

      1204 Winchester Rd Ste, Unit 150

      CONDOMINIUM OFFICES
      1204 Winchester Rd Ste, Lexington, KY 40505-4174
      View Details
    • Value Estimation by Request
      940 SF

      2240 Executive Dr Ste, Unit 102

      CONDOMINIUM OFFICES
      2240 Executive Dr Ste, Lexington, KY 40505-4875
      View Details
    • Value Estimation by Request
      938 SF

      2220 Executive Dr Ste, Unit 103

      CONDOMINIUM OFFICES
      2220 Executive Dr Ste, Lexington, KY 40505-4871
      View Details

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    • $1,300 /Mo
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      Hamburg Area Office Condo

      Second-floor office condo in Lexington's Hamburg area for lease.
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      Lexington Office Condo For Lease

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      2220 Executive Dr, Lexington, KY 40505
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    Lexington, KY 40505
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    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
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