851 Corporate Dr Lexington, KY 40503-5428
- Office buildings
- 17,844 SF
- 0.90 lot acres
Current Use by Public Records
- Elliott Robert E MD / Psychiatrist
- Cheryl Marrs / Nurse Practitioner
- Creative Solutions of the Bluegrass, LLC / Counselor
- State Farm Insurance / Insurance Agency / Auto Insurance Agency
- iEntry, Inc. / Marketing Agency / Publisher
Property Details for 851 Corporate Dr
- Year built
- 1980
- Lot size
- 0.90 lot acres
- Property size
- 17,844 SF
- Zone code
- P-1
- Property type
- Office buildings
- APN
- 16863510
- APU
- 16863510
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,920,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,420,000
- 6.5%
- $1,380,000
- 7%
- $1,560,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,200,000
- Geo Method
- $1,570,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,650,000
- Retail
- $1,350,000
- Mixed-Use
- $1,460,000
- Hospitality
- $1,600,000
- Educational
- $1,235,000
- Residential Income
- $1,345,000
- Energy
- $1,665,000
- Income-Based Land
- $1,230,000
- Food Service
- $1,305,000
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.5525
- Latitude
- 38.0119
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA