Property profile

2393 Alumni Dr Lexington, KY 40517

OFF-MARKET
Office buildings
Property ID
US34-0105695
14,192 SF 1.48 ac lot Built 1999
Entity Owned Free & Clear
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Property summary

AI-generated overview

One Alumni Plaza, a three-story Class B office building in Lexington, KY, presents a compelling investment opportunity for owner-users or investors. This 19,458 square foot property, situated on a 1.48-acre lot at 2393 Alumni Dr (zip code 40517), boasts a desirable location near Perimeter Drive Office Park and the Alumni Drive New Circle Road exit. Built in 1999, the building features a multi-tenant occupancy with a diverse mix of professional services, currently nearly 100% occupied. The asking price is $1,700,000, translating to $87.37 per square foot. The property is zoned P-1 and offers three levels of finished office space, including a lower level. The building's high visibility and convenient location make it an attractive option for businesses seeking a prominent presence in Lexington. The occupancy date is January 12, 2023. This is a single building investment opportunity with excellent potential for return. The property offers a blend of executive and traditional office spaces, catering to a variety of business needs. Its strong tenant base and strategic location within Lexington's thriving business community make it a highly desirable asset.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Total area 14,192 SF
Lot 1.48 ac (64,469 SF)
Zoning code P-1
APN 17195600
UPID US34-0105695

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
  • Dental Office
  • Medical Clinic
  • Loan Service Bank
  • Postal Service Courier Service
  • Dental Office

Location

2393 Alumni Dr Lexington, KY 40517-4285
Lexington metro Census 3402 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.33M
Blend (final) Blend
$2.33M

Owner & transaction history

since 2026
4 recorded transactions
2026
Price N/A
2025
$1.6M
2019
Price N/A
2010
$2,500

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) $3.2M +19.6%
Medical building $2.9M +10.8%
Retail stores $2.8M +4.7%

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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