Property profile

851 Corporate Dr Lexington, KY 40503

OFF-MARKET
Office buildings
Property ID
US34-0555333
17,844 SF 0.9 ac lot Built 1980
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,066 square foot office space is situated within a three-story, 17,642 square foot building at 851 Corporate Drive in Lexington, Kentucky, zip code 40503. The property is a traditional office space, also suitable for executive or creative office uses, and is part of a highly sought-after suburban office development. This space is immediately available for lease and represents a significant portion of the building's currently vacant 3,066 square feet. The building benefits from a convenient location, just off Harrodsburg Road and a short distance from New Circle Road, providing easy access to major transportation routes. Its strategic location offers proximity to a wide array of amenities, including shopping, fitness centers, and numerous dining options at the nearby Beaumont Centre, located directly across Harrodsburg Road. The building is under new ownership and has undergone significant improvements. The space is adaptable to various business needs and offers a professional environment. This is a rare opportunity to secure high-quality office space in a prime Lexington location. The building features multiple tenants.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Total area 17,844 SF
Lot 0.9 ac (38,999 SF)
Zoning code P-1
APN 16863510
UPID US34-0555333

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
  • Physician
  • Physician
  • Counselor
  • Insurance Agency
  • Advertising Agency Marketing & Advertising

Location

851 Corporate Dr Lexington, KY 40503-5428
Lexington metro Census 3600 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
$1.92M
Blend (final) Blend
$1.92M

Owner & transaction history

since 2025
Last sale
$1.7M
2 recorded transactions
2025
$1.7M
2022
$1.4M

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

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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