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

OFF-MARKET Office Spaces Google Maps
1,088 SF Built 1989
Entity Owned Free & Clear
Estimated value (blended)
$175k
Range $158k – $193k (±10%)
Property ID US34-0539855

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1989
Total area 1,088 SF
Zoning code P-1
APN 10040410
UPID US34-0539855

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
  • Environmental Consultant
  • Dental Office
  • Architect
  • Insurance Agency
  • Insurance Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

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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