101 Yorkshire Blvd Lexington, KY 40509-1883
- Office buildings
- 96,800 SF
- 15.27 lot acres
Current Use by Public Records
- Office buildings
Property Details for 101 Yorkshire Blvd
- Year built
- 1978
- Lot size
- 15.27 lot acres
- Property size
- 96,800 SF
- Zone code
- P-1
- Property type
- Office buildings
- APN
- 19346470
- APU
- 19346470
Description
This exceptional 180,866 square foot, Class A office building presents a compelling redevelopment opportunity. Situated on a 15.27-acre lot at 101 Yorkshire Boulevard in Lexington, Kentucky, this four-story building, constructed in 1978 and renovated in 2016, offers significant potential. The property boasts 528 parking spaces and is conveniently located adjacent to CHI Saint Joseph Health’s Saint Joseph East Hospital campus, providing immediate access to a large pool of potential medical tenants. The building features three elevators (two passenger and one freight), 24/7 security with card access, and is zoned P-1 for professional office use. The asking price is $9,250,000, representing a value-add investment with potential for significant returns. Its strategic location near New Circle Road and I-75, along with nearby shopping, restaurants, and hotels, enhances its appeal. The property's size and amenities allow for diverse uses, including a single-use headquarters, call center, or co-working space with potential for added amenities such as a corporate kitchen, health club, and generator. This vacant property presents a unique chance to acquire a substantial asset in a thriving market. The triple-net (NNN) lease type offers further investment flexibility.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $10,435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $8,070,000
- 6.5%
- $7,895,000
- 7%
- $8,055,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $8,185,000
- Geo Method
- $6,635,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $7,635,000
- Retail
- $7,640,000
- Mixed-Use
- $6,705,000
- Hospitality
- $6,835,000
- Educational
- $8,670,000
- Residential Income
- $8,415,000
- Energy
- $8,360,000
- Income-Based Land
- $8,165,000
- Food Service
- $7,370,000
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.4375
- Latitude
- 37.9982
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
