Technical
Financial
Distress signals
Property profile

1713 Nicholasville Rd Lexington, KY 40503

OFF-MARKET
Medical Office Space
Property ID
US34-0551418
5,190 SF 0.66 ac lot Built 2004
Entity Owned ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 6,221 square foot Class A medical office building, situated on a 0.66-acre lot in Lexington's desirable Fayette County submarket, presents a unique investment or leasing opportunity. Currently vacant, this single-tenant building boasts a recent 2021 renovation, including a brand new HVAC system and roof. The two-story structure offers ample parking with 19 spaces and is zoned P-1, allowing for diverse uses. Previously occupied by a physical therapy practice, the property is ideally suited for another medical office user seeking a move-in ready space. However, its versatile zoning and location also make it an attractive option for redevelopment into a fast-casual restaurant, quick-service restaurant (QSR), or other national restaurant chain. The property enjoys a highly convenient location near Baptist Health and the University of Kentucky, ensuring high visibility and accessibility. Detailed as-built drawings are available upon request. This is a rare chance to acquire a well-maintained, recently renovated property in a thriving area, offering significant potential for both immediate occupancy and long-term growth. The total building square footage is 6,221 square feet.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2004
Total area 5,190 SF
Lot 0.66 ac (28,802 SF)
Zoning code P-1
APN 11077900
UPID US34-0551418

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
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

1713 Nicholasville Rd Lexington, KY 40503-1403
Lexington metro Census 2500 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$730k

Owner & transaction history

since 2026
Last sale
$1.2M
5 recorded transactions
2026
$1.2M
2019
$815,000
2017
$1.3M
2016
Price N/A
2012
$1.3M

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
Top alternative use upside
Auto repair, garage $1.9M +77.7%
Restaurant $1.7M +58.7%
Commercial (general) $1.2M +7.9%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1713 Nicholasville Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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