166 Pasadena Dr, Lexington, KY 40503-2973
- Medical Office Space
- 12,096 SF
- 1.15 lot acres
Current Use by 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
Property Details for 166 Pasadena Dr
- Year built
- 1987
- Lot size
- 1.15 lot acres
- Zone code
- P-1
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 20027220
- APU
- 20027220
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 13, 2023 | — | Pasadena 166 LLC | — | Deed · related | $20k · Bank Of Lexington INC |
| Jul 28, 2023 | $1,675,000 | Pasadena 166 LLC | 166 Pasadena LLC | Deed | $1.3M · Bank Of Lexington INC |
| Jun 17, 2022 | — | 166 Pasadena LLC | — | Deed · related | $215k · Republic Bank & Trust Company |
| Aug 4, 2017 | — | 166 Pasadena LLC | — | Deed · related | $1.2M · Republic Bk & Tr Co |
| Jul 13, 2010 | $1,635,000 | 166 Pasadena LLC | Stone Rd Realty LLC | Deed | — |
| Dec 19, 2006 | — | Stone Road Raalty LLC | Stone Road Realty | Deed | — |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,440,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,270,000
- 6.5%
- $2,095,000
- 7%
- $1,945,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,226,000
- AI Estimate
- $2,226,000
Market price range: $1.46M - $3.43MMarket price range: $1.46M - $3.43M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $2,490,000 Current use
- COMMERCIAL (GENERAL)
- $2,685,000 Change: +8% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $2,670,000 Change: +7% Conversion: Moderate
- RETAIL STORES
- $2,350,000 Change: -6% Conversion: Difficult
- WAREHOUSE, STORAGE
- $2,110,000 Change: -15% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.522
- Latitude
- 38.0038
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
