Property profile

2333 Alexandria Dr Lexington, KY 40504

FOR LEASE
Office buildings
Property ID
US34-0617753
18,700 SF 1.89 ac lot Built 1998
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This Class A, 18,970 square foot office building, located at 2333 Alexandria Dr, Lexington, KY 40504, in Fayette County, offers a variety of flexible workspace solutions. The property features 350 total suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 6,510 square feet are available. Renovated in 2019, the building boasts classic style with stylish wooden furniture in the lobby and meeting rooms featuring large oak tables and leather seating. Amenities include elevators and a state-of-the-art videoconferencing studio, perfect for local and remote collaborations. The building's location provides excellent access to transportation links and Blue Grass Airport, making it an ideal location for businesses seeking convenient access to Kentucky's business opportunities. The property is suitable for executive offices, coworking spaces, creative offices, and traditional office setups, catering to diverse business needs. This multiple-tenancy building offers a blend of modern convenience and classic elegance, providing a sophisticated and productive work environment. The property's prime location in Lexington, Kentucky, offers businesses a strategic advantage within the region.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Total area 18,700 SF
Lot 1.89 ac (82,328 SF)
Zoning code P-1
APN 20018160
UPID US34-0617753

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Veterinary Clinic
  • IT Consulting Firm Tech Support Center
  • Loan Service Bank
  • Law Firm
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

2333 Alexandria Dr Lexington, KY 40504
Lexington metro Census 3000 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.43M
Comparable Approach Comparable
$2.95M
Blend (final) Blend
$2.24M

Owner & transaction history

since 2025
Last sale
$2.7M
3 recorded transactions
2025
$2.7M
2021
$583,767
2015
$2.2M

Zoning & alternative use

P-1 · Lexington, KY
Zoning description

2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $4.2M +33.3%
Apartment house (5+ units) $4.1M +32.7%
Medical building $3.8M +23.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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