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Property profile & analytics
OFF-MARKET
Estimated value
$8,310,000
Office buildings
541 Darby Crk Rd Lexington, KY 40509-2709
Individually Owned
11-yr Hold
Free & Clear
Property ID
US34-0541498
Property summary
AI-generated overview
This exceptional Class A office building, constructed in 2015 and renovated in 2024, offers 5,597 square feet of immediately available space within a larger 42,760 square foot building situated on a 3-acre lot in Lexington, KY. The property boasts a desirable location off Man O' War Blvd, with convenient access to Richmond Road and New Circle Road, and features two points of egress for easy accessibility. The building includes ample parking with 257 spaces, providing a generous parking ratio. Unit 180, the available space, features a private entrance, a spacious kitchen and breakroom, private offices, a reception area, a training room, and a large open area adaptable to various business needs. The building is zoned P-1 and has the APN 10040210. This is a multi-tenant building with a total of two stories. This prime location and modern amenities make this an ideal space for businesses seeking a professional and convenient workspace in Lexington.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2015
Total area
64,140 SF
Lot
3 ac (130,680 SF)
Zoning code
P-1
APN
10040210
UPID
US34-0541498
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
-
iDENTity Dental Studio Dental Office
-
Edvergent Learning Training Center
-
Diversified Crop Insurance Services Insurance Agency
-
SDGblue, LLC IT Consulting Firm (Bike/Boat/Book/etc) Store
-
800 Elite Automotive Club Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.31M
Blend (final)
Blend
$8.31M
Owner & transaction history
Daren Turner · 11 yrs held
Daren Turner
since 2014
3 recorded transactions
Zoning & alternative use
P-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.2M
+4.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,625,000
Current use
MEDICAL BUILDING
$13,190,000
Change: +4% · Conversion: Easy
RETAIL STORES
$12,465,000
Change: -1% · Conversion: Moderate
WAREHOUSE, STORAGE
$11,195,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$8.31M
Range $7.48M – $9.14M · ±10%
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
$130 / 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
$59,109
Tax year 2023
Assessed value
$4,780,000
Assessed 2023
Previous assessed
$4,780,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Total market value
$4,780,000
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
Off-Market
Year built
2015
Heating
NONE
Total area
64,140 SF
Lot
3 ac (130,680 SF)
Zoning code
P-1
APN
10040210
UPID
US34-0541498
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
$12.6M
MEDICAL BUILDING
Est. value
$13.2M
RETAIL STORES
Est. value
$12.5M
WAREHOUSE, STORAGE
Est. value
$11.2M
OFFICE BUILDING Current
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
2015
Heating
NONE
Lot
3 ac
Current owner
From public records · entity-resolved
Daren Turner
Individual
Free & Clear · 11 yrs held
Mailing address
1387 E NEW CIR RD STE #130, LEXINGTON, KY 40505-4319
Ownership since
2014
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
Nov 24, 2014
$425,100
Daren Turner
Turner Prop 2 LLC
Deed
—
Feb 11, 2014
$425,000
Turner Prop 2 LLC
Insight Ky Ptnr II LP
Deed
—
Jan 17, 2012
$689,284
Insight Ky Ptnr II LP
Telecable Of Lex INC
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.
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