519 Darby Creek RdLexington, KY 40509

Property Details for 519 Darby Creek Rd

Year built

1990

Property size (Sq ft)

1,104 SF

Zone code

P-1

Property type

Office properties

APN

10046090

APU

10046090

Description

This exceptional 2,384 square foot office condo, located at 519 Darby Creek Rd in Lexington, KY 40509, presents a unique opportunity for businesses seeking flexible space. The property is a ground-level unit (Unit 9) within a larger building totaling 5,960 square feet. The space boasts a functional layout including two private offices and a spacious conference/training room on the main level. The lower level offers an additional four private offices, each benefiting from natural light and convenient walk-out access. This Class B office condo is zoned P-1 and is part of a well-maintained complex. The Darby Creek Condo Association has recently undertaken significant landscaping improvements, with further enhancements planned for 2024. This versatile property is available for both sale and lease, making it an ideal solution for a variety of business needs. The property is situated in Lexington, Kentucky, offering easy access to local amenities and transportation networks. This is a prime opportunity to acquire a well-appointed office space in a desirable location. The building consists of one structure with multiple tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $214,670

  6.5%

  $198,157

  7%

  $184,003

• Comparable approach

  Method

  Valuation

  Relative Method

  $93,843.30

  Geo Method

  $137,106

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $382,625

  Retail / Commercial

  $197,676

  Mixed-Use / Specialty

  $198,129

  Hospitality / Lodging

  $146,867

  Institutional / Educational

  $206,387

  Residential Income

  $241,473

  Multifamily

  $283,196

  Automotive / Energy

  $176,904

  Parking / Income-Based Land

  $59,904.10

  Restaurant / Food Service

  $105,518

  Healthcare / Senior Housing

  $201,991

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0079

Longitude

-84.4316

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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