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Property profile & analytics
OFF-MARKET Estimated value $2,245,000
Medical Office Space

166 Pasadena Dr Lexington, KY 40503-2973

12,096 SF 1.15 ac lot Built 1987
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US34-0412551
Property summary
AI-generated overview

This exceptional 630-square-foot office suite is available for lease in a newly renovated, single-story building at 166 Pasadena Drive, Lexington, KY 40503. Situated at the intersection of Pasadena Drive and Nicholasville Road, this property offers convenient access and high visibility. The building, constructed in 1987 and recently renovated in 2023, boasts a total of 11,904 square feet and currently houses Lexington Plastic Surgery and Allergy Partners. This particular suite is ideal for a variety of professional uses, including traditional office, executive office, or medical office settings, as indicated by its P-1 zoning. The space includes four private offices or exam rooms, perfect for individual practitioners or small teams, along with a dedicated break room for staff convenience. Restrooms are shared within the building's common areas. A key feature is the suite's own private entrance, offering enhanced privacy and accessibility. The suite is part of a multi-tenant building. This is a rare opportunity to secure modern, well-appointed office space in a prime Lexington location. Inquire today to schedule a viewing.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1987
Total area 12,096 SF
Lot 1.15 ac (50,094 SF)
Zoning code P-1
APN 20027220
UPID US34-0412551
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
  • Baptist Pulmonary & Critcial Physician
  • Neven Gardner, MD- Allergy Partners of Central Kentucky Physician Medical Clinic
  • Tracie Overbeck, MD, PhD Physician Medical Clinic
  • Marion Simpson, FNP Physician
  • John Hill, MD- Allergy Partners of Central Kentucky Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.10M
Comparable Approach Comparable
$2.23M
Blend (final) Blend
$2.25M
Owner & transaction history
Pasadena 166 LLC · 2 yrs held
Pasadena 166 LLC
since 2023
Last sale
$1.7M
6 recorded transactions
2023
Price N/A
2023
$1.7M
2022
Price N/A
2017
Price N/A
2010
$1.6M
2006
Price N/A
Zoning & alternative use
P-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.7M +7.9%
Apartment house (5+ units) $2.7M +7.4%
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