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    Property profile & analytics
    OFF-MARKET Estimated value $2,325,000
    Office buildings

    2393 Alumni Dr, Lexington, KY 40517-4285

    14,192 SF 1.48 ac lot Built 1999
    Entity Owned Free & Clear
    Property ID
    US34-0105695
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Healthy Smiles of the Bluegrass Dental Office
    • Jessica Mcclanahan Medical Clinic
    • MBA Bluegrass Loan Service Bank
    • FedEx Drop Box Postal Service Courier Service
    • Dr. Kelly Arnold Dental Office
    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
    2393 Alumni Drive LLC
    2393 Alumni Drive LLC
    since 2026
    4 recorded transactions
    2026
    2025
    $1.6M
    2019
    2010
    $2,500
    Zoning & alternative use
    P-1 · Lexington, KY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $3.2M +19.6%
    Medical building $2.9M +10.8%
    Retail stores $2.8M +4.7%
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