Property profile

108 Dennis Dr Lexington, KY 40503

FOR SALE
Office buildings
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Property ID
US34-2245723
1,242 SF 0.27 ac Built 1960
Last sale Sep 2026·$307,500
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This office unit is located on Dennis Drive in Lexington, just off Nicholasville Road and Regency Road, with access to New Circle Road and downtown Lexington nearby. The space totals 1,242 square feet within a building constructed in 1960 and situated on a 0.27-acre parcel. The interior layout includes three private offices, two open work areas, a kitchenette, two restrooms, and multiple storage closets. Building systems and features include brick construction, a shingle roof, natural gas…

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?
$3k
Tax billed · 2023
Assessed value$253k
Effective rate1.10%

Value estimate

· Nov 2026
$205k
$185k – $226k
NOI build-up
Gross scheduled income$25k
Vacancy & credit loss−$3k
Operating expenses−$5k
NOI · 4.58% cap applied$16k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$155/SF
ZIP average, outlier-cleaned · 60 recorded sales of this use type
Observed band · Q1–Q3$98 – $236
Qualifying comparables10

Cap rate analysis

How does the asset earn?
4.58%
$16k 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: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility14.1
Electrical Service12.2
Convenience Store9.2

Location

108 Dennis Dr Lexington, KY 40503
County assessor Recorded deeds · 2 transfers 10 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
511 Southland, Lexington, KY 40503-1828 $255,000 Feb 2024 2,436 SF
105 Dennis, Lexington, KY 40503-2916 $233,000 May 2022 1,242 SF
103 Dennis, Lexington, KY 40503-2916 $233,000 May 2022 1,242 SF
144 Pasadena, Lexington, KY 40503-2907 $240,000 Sep 2021 1,852 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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