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Property profile & analytics
FOR LEASE
Medical Office Space

1498 Boardwalk Lexington, KY 40511

2,588 SF 0.66 ac lot Built 1987
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US34-0525510
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1987
Total area 2,588 SF
Lot 0.66 ac (28,750 SF)
Zoning code B-6P
APN 16696756
UPID US34-0525510
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
  • Fadi Bacha, MD Physician
  • Pilati Stamatoula MD Physician
  • Lexington Urgent Care - New Circle Road Medical Clinic
  • Dr. Ellen D. Webb, MD Pediatrician Physician
  • Dr. Richard R. Ramirez, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$734k
Blend (final) Blend
$735k
Owner & transaction history
Ilham Bacha LLC · 2 yrs held
Ilham Bacha LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
B-6P · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Article 12 - COMMERCIAL CENTER (B-6P) ZONE Share Download Bookmark Print Sec. 12-1. - Intent. The intent of the Commercial Center (B-6P) zone is to create centers of activity that promote commerce and retail along major corridors within the community, while supporting existing residential neighborhoods and incorporating new residential opportunities in accor…

Zone name Commercial Center
General category COMMERCIAL
Zone area 1,144.00 ac
Top alternative use upside
Auto repair, garage $945,000 +77.7%
Commercial (general) $575,000 +7.9%
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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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