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400 E Vine St Lexington, KY 40507

Office buildings Google Maps
35,900 SF 0.91 ac lot Built 1978
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$2.87M
Range $2.58M – $3.15M (±10%)
Property ID US34-0596167

Property summary

AI-generated overview

This Class A, 35,900 square foot executive office building at 400 E Vine St, Lexington, KY 40507, offers exceptional downtown visibility and accessibility. Built in 1978, the property sits on a 0.91-acre lot and is zoned B-2 - DOWNTOWN BUSINESS (APN: 13646490). Currently, 12,252 square feet of space is available for lease, with multiple tenancy options. The building boasts impressive views of the city and is conveniently located on the east end of the Vine Street corridor, within walking distance of numerous amenities including restaurants, hotels, government buildings, a post office, and banks. Easy access to Main, Vine, and Midland streets provides convenient vehicle access for both tenants and clients, complemented by ample surface parking. Available suites include Suite 322 (2,784 sq ft), Suite 328, and Suite 329, with varying rental rates. This is a rare opportunity to secure high-profile office space in a thriving downtown Lexington location. The property's strategic position and attractive features make it an ideal choice for businesses seeking a prestigious and convenient address. Inquire today to learn more about leasing opportunities and pricing details for the available suites.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1978
Total area 35,900 SF
Lot 0.91 ac (39,640 SF)
Zoning code B-2
APN 13646490
UPID US34-0596167

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
  • Clothing Store
  • Carpet Cleaning Service Commercial Cleaning Service
  • Interior Design Home Decor Store
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Loan Service Bank

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.91M
Blend (final) Blend
$2.87M

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2022
Price N/A

Zoning & alternative use

B-2 · Lexington, KY
Zoning description

B-2) zone. Affordable level shall mean eighty (80%) or less of the Lexington-Fayette Urban County area median income (AMI) at the time of rental or purchase, for a period of no less than ten (10) years, and where housing…

General category MIXED_USE
Top alternative use upside
Commercial (general) $8.0M +7.1%
Apartment house (5+ units) $7.9M +6.6%

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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