2312 Alexandria Dr Lexington, KY 40504
For Lease
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This exceptional investment opportunity presents two Class A office buildings totaling 33,560 square feet of net rentable space situated on a 2.581-acre lot in Lexington, Kentucky. The property, located at 2240 Gulfstream Drive, comprises two buildings constructed in 1976. One building offers 18,000 square feet across two stories, including a 6,000-square-foot finished basement. The second building encompasses 15,560 square feet, featuring 1.5 stories and a 3,000-square-foot finished basement. Both buildings boast efficient layouts with a mix of private offices, conference rooms, and open workspaces. Amenities include ample parking (122 spaces), elevators, a modern access badge control system, and a sprinkler system. The property is zoned P-1 and benefits from excellent visibility and signage. This prime location offers easy access to New Circle Road, the University of Kentucky, major healthcare systems, Bluegrass International Airport, and numerous dining, shopping, and banking options along Harrodsburg Road. The property is offered for sale as a portfolio or individually, subject to a minor subdivision plat and required approvals. The asking price is $3,655,000, translating to $108.91 per square foot. This represents a rare opportunity to acquire a well-maintained, Class A office complex in a highly desirable Lexington submarket.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
P-1 · Lexington, KYLexington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.