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Property profile & analytics
FOR LEASE
Medical Office Space

230 Fountain Ct Lexington, KY 40509

31,152 SF 1.65 ac lot Built 2005
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US34-0589776
Property summary
AI-generated overview

This exceptional three-story medical office building, totaling 31,152 square feet, presents a unique investment opportunity in Fayette County. Situated on a 1.65-acre lot, the Class B building boasts a convenient location just off Man O' War at Blazer Parkway, ensuring high visibility and accessibility. Constructed in 2005, the property is well-maintained and currently owner-occupied, reflecting a commitment to quality and longevity. The building is zoned P-1 - Professional Office, making it ideally suited for a variety of medical practices. Multiple tenancies are available, offering flexible space options ranging from 2,050 square feet to 5,237 square feet, catering to practices of various sizes and needs. The building's excellent condition and prime location make it an attractive prospect for both established medical professionals seeking expansion and new practices looking for a well-established presence in a thriving area. This is a rare opportunity to acquire a well-maintained, strategically located medical office building with immediate availability. The property's size and zoning provide ample potential for future growth and development. Serious inquiries are encouraged to explore this exceptional offering further.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2005
Total area 31,152 SF
Lot 1.65 ac (71,874 SF)
Zoning code P-1
APN 38061590
UPID US34-0589776
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
  • Baptist Health Lexington Hand & Physical Therapy Medical Clinic
  • Napolitano Margaret MD Physician Medical Clinic
  • Kleinert Kutz Hand Care Center Medical Clinic
  • J. Steven Smith, MD Physician
  • A Caring Touch Pediatrics Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.38M
Blend (final) Blend
$5.38M
Owner & transaction history
Fountain Ct Med LLC · 6 yrs held
Fountain Ct Med LLC
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
P-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $6.9M +7.9%
Apartment house (5+ units) $6.9M +7.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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