3475 Blazer Pkwy Lexington, KY 40509
- Office buildings
- 88,910 SF
- 3.10 lot acres
Current Use by Public Records
- Bluegrass Specialty Surgery Center / Surgical Center
- Briggs Waste Rentals / Waste Management Service
- Water Damage Experts of Lexington / Building Restoration Service
Property Details for 3475 Blazer Pkwy
- Year built
- 1983
- Lot size
- 3.10 lot acres
- Property size
- 88,910 SF
- Zone code
- P-1
- Property type
- Office buildings
- APN
- 20006550
- APU
- 20006550
Description
This exceptional Lexington, KY office campus, formerly the headquarters for Valvoline and Ashland Oil, offers 365,000 square feet of flexible space across two Class A buildings on a 22.9-acre landscaped campus. The property boasts two large ponds with fountains and over a mile of walking trails. Each building features efficient floor plans adaptable to single or multiple tenants, with a minimum divisible space of 28,000 square feet and up to 365,000 square feet contiguous. The five-story buildings, constructed in phases (1983 and 1991), offer 10-foot ceilings and a modular wall system for easy, cost-effective reconfiguration. The property includes 230 parking spaces and eight elevators. Robust infrastructure includes two underground 2,000-volt power services from redundant substations, 480/277-volt 3-phase 4-wire service with GFI protection, and three Caterpillar diesel generators for backup power. Utilities are distributed via an underground tunnel, also serving as a storm shelter. The property is ideally suited for executive offices, coworking spaces, medical offices, creative offices, or traditional office uses. Multiple suites are available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $965,000
- 6.5%
- $910,000
- 7%
- $980,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $810,000
- Geo Method
- $920,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $835,000
- Retail
- $865,000
- Mixed-Use
- $955,000
- Hospitality
- $830,000
- Educational
- $750,000
- Residential Income
- $920,000
- Energy
- $1,005,000
- Income-Based Land
- $955,000
- Food Service
- $920,000
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.4353
- Latitude
- 38.0005
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
