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Property profile & analytics
OFF-MARKET Estimated value $2,530,000
Medical Office Space

177 Burt Rd Lexington, KY 40503-2457

13,950 SF 1.33 ac lot Built 1985
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US34-0631082
Property summary
AI-generated overview

This single-story, 13,004 square foot Class B medical/office building in Lexington, Kentucky, offers a fantastic opportunity for businesses seeking flexible space. Located at 177 Burt Road, this property boasts 8,670 square feet of immediately available space, divisible down to 4,335 square feet, with a maximum contiguous space of 8,670 square feet. The building sits on a 1.33-acre lot and is zoned P-1, Professional Office, making it ideal for a variety of medical and professional office uses. Its convenient location offers easy access to major thoroughfares, including Nicholasville Road. The property is situated less than half a mile from Baptist Health Hospital, two miles from the University of Kentucky campus, three miles from downtown Lexington, and five miles from Blue Grass Airport, ensuring high visibility and accessibility for clients and employees. Amenities in the immediate vicinity include retail, restaurants, and other office and medical spaces. The building itself is a single-story structure with no elevators. This exceptional location and flexible space make this property a highly desirable option for businesses seeking a prominent presence in a thriving Lexington market. Inquire today to learn more about leasing options.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1985
Total area 13,950 SF
Lot 1.33 ac (57,935 SF)
Zoning code P-1
APN 12824004
UPID US34-0631082
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
  • Lexington dermatology Corporate Office
  • Dr. John G. Roth Physician
  • Rebecca R. Davies, APRN Physician
  • CALEB ROWE Physician
  • Beebe III Morris w MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.42M
Comparable Approach Comparable
$3.22M
Blend (final) Blend
$2.53M
Owner & transaction history
Darby Falls LLC · 5 yrs held
Darby Falls LLC
since 2020
Last sale
$2.3M
4 recorded transactions
2021
Price N/A
2020
$2.3M
2008
Price N/A
2008
$2.1M
Zoning & alternative use
P-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $3.1M +7.9%
Apartment house (5+ units) $3.1M +7.4%
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