Property profile

3138 Custer Dr Lexington, KY 40517

OFF-MARKET
Office Spaces
14,850 SF 1.12 ac lot Built 1990
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Property summary

AI-generated overview

This two-story, 14,850 square foot Class B office building in Lexington, KY, presents a compelling owner-user opportunity. Located at 3138 Custer Drive, this multi-tenant property boasts 70 parking spaces and is situated on a 1.12-acre lot. Built in 1990 with various renovations, it features a high-efficiency HVAC system, sprinkler and security systems, and a prominent monument sign. The building is zoned P-1 for professional office use and enjoys excellent access to major thoroughfares including Man O' War Boulevard, New Circle Road, and Interstates 75/64. Currently housing six tenants, the property offers a strong net operating income (NOI) of $130,882, resulting in a 7.53% cap rate. The asking price is $1,739,000. Detailed financial information is available upon request. This value-add investment is ideal for medical, professional, or general office use, benefiting from its convenient location and strong surrounding commercial and residential density. The property includes an elevator.

Property profile

Verified
Property type Office Spaces
Year built 1990
Total area 14,850 SF
Lot 1.12 ac (48,787 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Tech Support Center IT Consulting Firm
  • Physician
  • Life Coach
  • Marketing & Advertising

Location

3138 Custer Dr Lexington, KY 40517
Lexington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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