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Property profile & analytics
FOR LEASE
Medical Office Space

1055 Dove Run Rd Lexington, KY 40502

8,084 SF 0.52 ac lot Built 1972
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US34-0652946
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1972
Total area 8,084 SF
Lot 0.52 ac (22,555 SF)
Zoning code P-1
APN 13995750
UPID US34-0652946
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Julie Allen Physician
  • Mind Growing Counseling Counselor
  • Dr. Janice L. Estus, MD Physician
  • Donna Farmer Physician
  • Wise & Associates Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.32M
Comparable Approach Comparable
$2.18M
Blend (final) Blend
$1.80M
Owner & transaction history
Encino Properties LLC · 3 yrs held
Encino Properties LLC
since 2022
Last sale
$1.5M
2 recorded transactions
2022
$1.5M
2014
$1.2M
Zoning & alternative use
P-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permitted in the P-1 and B-1 zone except for drive-through facilities. (d) Conditional Uses. The following shall be conditional uses in the MU-1 z…

Zone name Professional Office
General category COMMERCIAL
Zone area 2,004.90 ac
Top alternative use upside
Auto repair, garage $3.0M +77.7%
Restaurant $2.6M +58.7%
Retail stores $1.9M +16.2%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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