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Financial
Distress signals
Property profile

177 Burt Rd Lexington, KY 40503

FOR LEASE
Medical Office Space
Property ID
US34-0631082
13,950 SF 1.33 ac lot Built 1985
Last sale Dec 2020 · $2,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value$2.25M
Effective rate1.24%

Value estimate

· Oct 2026
$1.81M
$1.63M – $1.99M
CAP approach$2.42M
Submarket $/SF estimate$3.22M
NOI build-up
Gross scheduled income$265k
Vacancy & credit loss−$21k
Operating expenses−$98k
NOI · 887,484.85% cap applied$146k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$206/SF
Submarket average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$121 – $283

Cap rate analysis

How does the asset earn?
887,484.85%
$146k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
P-1
The intent of this zone is to provide for offices and related professional uses, Retail sales are prohibited except where directly relate...
General categoryCOMMERCIAL
JurisdictionFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.7
Convenience Store10.3
Locksmith9.3

Location

177 Burt Rd Lexington, KY 40503
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2387 Professional Hts, Lexington, KY 40503-3004 $1,340,000 Mar 2024 28,352 SF
2537 Larkin, Lexington, KY 40503-3201 $1,300,000 Jul 2020 9,680 SF
2432 Regency, Lexington, KY 40503-2989 $1,600,000 Sep 2019 18,063 SF
2351 Huguenard, Lexington, KY 40503-3014 $1,175,000 Sep 2019 9,120 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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