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Property profile & analytics
FOR LEASE
Specialty properties

2312 Alexandria Dr Lexington, KY 40504

2.57 ac lot Built 1976
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US34-0465230
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Use group CHARITABLE ORGANIZATION
Year built 1976
Lot 2.57 ac (111,949 SF)
Zoning code P-1
APN 10046540
UPID US34-0465230
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.55M
Owner & transaction history
Marrillia Commercial Properties LLC · 1 yrs held
Marrillia Commercial Properties LLC
since 2025
Last sale
$2.6M
1 recorded transaction
2025
$2.6M
Zoning & alternative use
P-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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