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Property profile & analytics
OFF-MARKET Estimated value $11,255,000
Medical Office Space

3470 Blazer Pkwy Lexington, KY 40509-1200

65,641 SF 4.5 ac lot Built 1989
Entity Owned 3-yr Hold Free & Clear
Property ID
US34-0556969
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1989
Total area 65,641 SF
Lot 4.5 ac (196,020 SF)
Zoning code P-1
APN 38019110
UPID US34-0556969
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
  • St Luke Hospitals Hospital
  • uk Health Care : Luftman Virginia Counselor Social Worker
  • Allen Timothy MD Physician
  • Siegel Anthony J MD Physician
  • Allen J. Brenzel, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$10.59M
Comparable Approach Comparable
$8.52M
Blend (final) Blend
$11.26M
Owner & transaction history
Lexington 3470 Mp Rk6 LLC · 3 yrs held
Lexington 3470 Mp Rk6 LLC
since 2023
Last sale
$11.6M
3 recorded transactions
2024
Price N/A
2023
$11.6M
2015
$6.0M
Zoning & alternative use
P-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 permitted in the P-1 and B-1 zone except for drive-through facilities. (d) Conditional Uses. The following shall be conditional uses in the MU-1 z…

Zone name Professional Office
General category COMMERCIAL
Zone area 2,004.90 ac
Top alternative use upside
Commercial (general) $14.6M +7.9%
Apartment house (5+ units) $14.5M +7.4%
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