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Property summary
This exceptional three-story executive office building, located at 120 Prosperous Place in Lexington, Kentucky, offers a prime opportunity for businesses seeking flexible and modern workspace. Built in 1997 and recently renovated, the 47,754 square foot building sits on a 2.87-acre lot and is zoned P-1. Multiple tenancy options are available, with spaces ranging from a minimum of 2,092 square feet to a maximum contiguous space of 5,495 square feet. Currently, 10,353 square feet of space is… vacant. One immediately available suite offers 2,070 square feet at a full-service rate of $20.00 per square foot. The building boasts ample parking for tenants and visitors. Its convenient location provides easy access to Interstates 75 and 64, as well as the Hamburg and New Circle areas. The surrounding area offers abundant restaurants and shopping options. The available space is highly adaptable and can be configured to meet the specific needs of various businesses. This is a rare opportunity to secure high-quality office space in a desirable Lexington location.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 14 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 47,754 SF
- Lot area
- 2.87 ac
- Year built
- 1997
- Stories
- 3
- APN
- 20111490
- Zoning
- P-1
- Assessed value · 2023
- $5,700,000
- Annual tax · 2023
- $70,486
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $70,486
- Selected cap rate
- Apartment House (5+ Units)
- Medical Building
- Office Building · current use
- Retail Stores
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Lexington market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The intent of this zone is to provide for offices and related professional uses, Retail sales are prohibited except where directly related to office functions
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Alternative use
- Local Zoning Insight
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- Value Estimation
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- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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