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Property profile & analytics
OFF-MARKET Estimated value $1,180,000
Medical Office Space

1713 Nicholasville Rd Lexington, KY 40503-1403

5,190 SF 0.66 ac lot Built 2004
Entity Owned ~ Est. High Equity
Property ID
US34-0551418
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • PT Pros Physical Therapy & Sports Centers - Lexington Physician
  • Spine & Brain Neurological Physician
  • PT Pros Pelvic Floor Physical Therapy Physician
  • Dr. Olalekan Ajibowo Physician
  • Annette Jones Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$1.18M
Owner & transaction history
Nicholasville Rd LLC
Nicholasville Rd LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.9M +77.7%
Restaurant $1.7M +58.7%
Commercial (general) $1.2M +7.9%
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