519 Darby Creek RdLexington, KY 40509

  • Office properties
  • 1,104 SF
For Lease
$15.12/SF/YR View listing

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
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $189,415
    6.5%
    $174,844
    7%
    $162,355
  • Comparable approach

    Method
    Valuation
    Relative Method
    $93,843
    Geo Method
    $137,106
  • Alternative Use

    Use
    Valuation
    Residential
    $216,807
    Hospitality
    $198,594
    Educational
    $165,228
    Medical
    $170,910
    Retail
    $257,021
519 Darby Creek Rd, Lexington, Kentucky

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,653
-
-
$214,500
-
-
-
$214,500

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