Property profile

4071 Tates Creek Centre Dr 100 Lexington, KY 40517

FOR LEASE
Office buildings
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Property ID
US34-0412565
32,124 SF 2.19 ac Built 1989
Last sale Oct 2022·$4,050,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon
4071 Tates Creek Centre Dr,Unit 100, Lexington, KY 40517 For Lease
$21 SF/Yr 3,731 SF available
4071 Tates Creek Centre Dr,Unit 100, Lexington, KY 40517
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Property summary

AI-generated overview

The property is a three-story office building with 30,359 rentable square feet situated on 2.19 acres. Built in 1989 with steel, concrete, and glass construction, it features creek views and includes a walking bridge over the water. The site provides approximately 110 surface parking spaces, with reciprocal parking available through Tates Creek Centre. Major renovations were completed to common areas in 2017. The building is visible from Wilson Downing Road and Tates Creek Road, with a combined…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$50k
Tax billed · 2023
Assessed value$4.05M
Effective rate1.24%

Value estimate

· Nov 2026
$5.55M
$5.00M – $6.11M
CAP approach$6.59M
Submarket $/SF estimate$5.98M
NOI build-up
Gross scheduled income$81k
Vacancy & credit loss−$6k
Operating expenses−$30k
NOI$44k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$186/SF
Submarket average, outlier-cleaned · 295 recorded sales of this use type
Observed band · Q1–Q3$124 – $276
Qualifying comparables3

Cap rate analysis

How does the asset earn?
$44k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
P-1
The intent of this zone is to provide for offices and related professional uses, Retail sales are prohibited except where directly relate...
General categoryCOMMERCIAL
JurisdictionFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm42.6
Restaurant30.6
Spa & Massage27.0

Location

4071 Tates Creek Centre Dr, Unit 100 Lexington, KY 40517
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3257 Loch Ness, Lexington, KY 40517-1240 $850,000 Jul 2023 7,280 SF
3131 Custer Dr, Lexington, KY 40517-4006 $172,000 Jun 2023 1,152 SF
651 Perimeter, Lexington, KY 40517-4134 $6,974,300 Sep 2022 71,448 SF
3600 Appian, Lexington, KY 40517-5900 $850,000 Sep 2020 4,654 SF
3245 Loch Ness, Lexington, KY 40517-1240 $1,000,000 Dec 2019 10,380 SF
152 Reynolds, Lexington, KY 40517-1248 $354,600 Aug 2019 8,646 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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