New search
Property profile & analytics
FOR LEASE
Office buildings
2333 Alexandria Dr, Lexington, KY 40504
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US34-0617753
For Lease
1 / 34
$400/Mo
2333 Alexandria Dr, Lexington, KY 40504
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ArthroDynamic Technologies, Inc. Veterinary Clinic
-
Digital Forensics IT Consulting Firm Tech Support Center
-
Adam Hires @ Hires Team Loan Service Bank
-
Taylor Court Reporters Kentucky Law Firm
-
MetaMAP Inc. (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
$2.95M
Blend (final)
Blend
$2.93M
Owner & transaction history
2333 Alexandria Drive LLC · 1 yrs held
2333 Alexandria Drive LLC
since 2025
Last sale
$2.7M
3 recorded transactions
Zoning & alternative use
P-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.2M
+33.3%
Apartment house (5+ units)
$4.1M
+32.7%
Medical building
$3.8M
+23.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,235,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,715,000
6.5%
$3,430,000
7%
$3,185,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,115,000
Current use
COMMERCIAL (GENERAL)
$4,150,000
Change: +33% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,130,000
Change: +33% · Conversion: Easy
MEDICAL BUILDING
$3,845,000
Change: +24% · Conversion: Easy
RETAIL STORES
$3,635,000
Change: +17% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,265,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$2.93M
Range $2.63M – $3.22M · ±10% · vs last sale $2.65M (Apr 4 2025)
Last sale anchor
$2.65M
Apr 4 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$156 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,070
Tax year 2023
Assessed value
$2,189,100
Assessed 2023
Previous assessed
$2,189,100
+0.0% YoY
Effective rate
1.24%
On assessed value
Total market value
$2,189,100
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1998
Heating
YES
Cooling
WINDOW A/C
Stories
2
Total area
18,700 SF
Lot
1.89 ac (82,328 SF)
Zoning code
P-1
APN
20018160
UPID
US34-0617753
Jurisdiction
FAYETTE
Zoning & alternative use
P-1 · Lexington, KY
Zoning P-1 · permitted uses
P-1 · Lexington, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.8M
RETAIL STORES
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$3.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
YES
Cooling
Yes
Stories
2
Lot
1.89 ac
Current owner
From public records · entity-resolved
2333 Alexandria Drive LLC
Entity
Mailing address
3120 WALL ST STE #200, LEXINGTON, KY 40513-1832
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2025
$2,650,000
2333 Alexandria Drive LLC
Dennis M Williamson
Deed
$2,385,000 · The Farmers National Bank Of Danvil
Oct 6, 2021
$583,767
Pettit Prop LLC
Pettit Van Meter
Deed
—
Jan 8, 2015
$2,189,100
William J Est Arvin
Sgb LLC
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
