Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    131 Prosperous Pl Ste 14a Lexington, KY 40509-1844

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    131 Prosperous Pl Ste 14a Lexington, KY 40509-1844

    View on Map
    • Office properties & Spaces
    • 1,088 SF
    Off-Market
    Property ID
    US34-0539855
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Air Source Technology Inc. / Environmental Consultant
    • Faith Dental of Lexington / Dental Office
    • Johnson Early Architects / Architect
    • Modern Woodmen-America Insurance / Insurance Agency
    • Avizent Alternative Risk / Insurance Agency

    Property Details for 131 Prosperous Pl Ste 14a

    Year built
    1989
    Property size
    1,088 SF
    Zone code
    P-1
    Property type
    Office properties & Spaces
    APN
    10040410
    APU
    10040410

    Description

    This exceptional 1,027-square-foot traditional office space is ideally situated in Lexington, Kentucky, at 131 Prosperous Place, zip code 40509. The property offers a single-tenant occupancy, providing privacy and control for your business. Its prime location offers unparalleled convenience, just minutes from Lexington's vibrant downtown core. Enjoy easy access to major thoroughfares including Richmond Road, Man O' War Boulevard, and the interstate system, ensuring seamless commutes for employees and clients. The revitalized workspace boasts modern amenities, creating a productive and comfortable environment for your team. This strategic location within a thriving area makes it an ideal choice for businesses seeking growth and a prominent presence in Lexington. The property is a single-tenant space, perfect for a business seeking a dedicated and private workspace. This location provides the perfect blend of accessibility and a dynamic urban setting, making it an attractive option for businesses of all sizes. The address is 131 Prosperous Place, Lexington, KY 40509. The property's coordinates are 38.002439576089735 latitude and -84.44277948528625 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4432
    Latitude
    38.0024
    CBSA code
    30460
    CBSA name
    LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,566
    $0.00
    $0.00
    $207,500
    -
    $0.00
    $0.00
    $207,500

    Comparable in this City

    • Value Estimation by Request
      1,232 SF

      519 Darby Crk Rd, Unit 14

      CONDOMINIUM OFFICES • 1,232 SF
      519 Darby Crk Rd, Lexington, KY 40509-1603
      View Details
    • Value Estimation by Request
      892 SF

      141 Prosperous Pl Ste 22b

      CONDOMINIUM OFFICES • 892 SF
      141 Prosperous Pl Ste 22b, Lexington, KY 40509-1854
      View Details
    • Value Estimation by Request
      946 SF

      141 Prosperous Pl Ste 21b

      CONDOMINIUM OFFICES • 946 SF
      141 Prosperous Pl Ste 21b, Lexington, KY 40509-1854
      View Details
    • Value Estimation by Request
      717 SF

      155 Prosperous Pl Ste 1a

      CONDOMINIUM OFFICES • 717 SF
      155 Prosperous Pl Ste 1a, Lexington, KY 40509-1862
      View Details
    • Value Estimation by Request
      698 SF

      155 Prosperous Pl Ste 1b

      CONDOMINIUM OFFICES • 698 SF
      155 Prosperous Pl Ste 1b, Lexington, KY 40509-1862
      View Details
    • Value Estimation by Request
      1,038 SF

      131 Prosperous Pl Ste 16b

      CONDOMINIUM OFFICES • 1,038 SF
      131 Prosperous Pl Ste 16b, Lexington, KY 40509-1844
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Class A Office Condo

      Turn-key office condo in Lexington's Hamburg area.
      2704 Old Rosebud Rd, Lexington, KY 40509
      View Details
    • Contact for pricing
      Pending

      Lexington Commercial Space For Sale

      First floor medical/office suite near I-75/I-64 and Baptist Health Hamburg.
      2424 Sir Barton Way, Lexington, KY 40509
      View Details
    • $325,000
      3,141 SF

      Move-in Ready Lexington Office Condo

      Convenient Lexington location, ideal for small businesses and professionals.
      513 Darby Creek Rd, Lexington, KY 40509
      View Details
    • Contact for pricing
      180,866 SF

      Office Conversion Data Center Opportunity

      180,866 SF Class A building suitable for data center.
      101 Yorkshire Blvd, Lexington, KY 40509
      View Details
    • $189,000
      1,000 SF

      Established Office Suite For Sale

      1,000 SF office suite in Lexington, KY for sale.
      1795 Alysheba Way, Lexington, KY 40509
      View Details
    • Contact for pricing

      Hamburg Place Office Leasing Opportunity

      Office space for lease in Lexington's Hamburg Place.
      2517 Sir Barton Way, Lexington, KY 40509
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center in Southeast Lexington

      Recently constructed retail center with drive-thru in Lexington, Kentucky.
      2860 Richmond Rd, Lexington, KY 40509
      View Details
    • Contact for pricing

      Liberty Center Industrial Flex Complex

      High-end office and warehouse space for lease.
      2175 Christian Rd, Lexington, KY 40509
      View Details
    • $30 SF/Yr
      13,504 SF

      Professional Office Space For Rent

      Professional office space with high visibility near Richmond Road.
      101 N Eagle Creek Dr, Lexington, KY 40509
      View Details
    • Contact for pricing

      Well-Located Office Space Available

      Well-maintained office building off Man O War at Blazer Parkway.
      230 Fountain Ct, Lexington, KY 40509
      View Details
    • $9 SF/Yr
      3,882 SF

      Lexington Flex Space Available

      Versatile flex space with office and warehouse components for lease.
      2428 Palumbo Dr, Lexington, KY 40509
      View Details
    • $5,700 /Mo
      3,000 SF

      Luxury Office Space on Richmond

      High-traffic location, adaptable layout, ideal for medical or professional use.
      3475 Richmond Rd, Lexington, KY 40509
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    131 Prosperous Pl Ste 14a
    Lexington, KY 40509-1844
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    131 Prosperous Pl Ste 14a, Lexington, KY, 40509

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!