Property profile

114 E Reynolds Rd Lexington, KY 40517

FOR LEASE
Medical Office Space
Property ID
US34-0531371
6,336 SF 0.24 ac lot Built 1972
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,336 square foot office building, located at 114 E Reynolds Rd, Lexington, KY 40517, presents a unique investment opportunity. Situated on a 0.24-acre lot and conveniently located near Nicholasville Road, this property boasts a prime location with excellent visibility and accessibility. The building is zoned P-1, Professional Office, allowing for a variety of uses. Currently, there are three available office spaces totaling 4,500 square feet, ideal for businesses seeking expansion or relocation. The building's traditional office layout is also well-suited for medical office practices. The property's Asset Property Number (APN) is 23014000. With its multiple tenancy structure, this building offers flexibility for various business needs. The total building size is 6,336 square feet, providing ample space for growth and development. This property represents a compelling opportunity to acquire a well-located, versatile office building in a thriving Kentucky market. The address is easily accessible and benefits from high traffic counts. The available space is ready for immediate occupancy, offering a seamless transition for new tenants. This is an excellent opportunity for businesses seeking a strategic location in Lexington.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1972
Total area 6,336 SF
Lot 0.24 ac (10,511 SF)
Zoning code P-1
APN 23014000
UPID US34-0531371

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

114 E Reynolds Rd Lexington, KY 40517
Lexington metro Census 3501 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$763k
Blend (final) Blend
$405k

Owner & transaction history

since 2025
2 recorded transactions
2026
Price N/A
2025
Price N/A

Zoning & alternative use

P-1 · Lexington, KY
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 permit…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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