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2357 Huguenard Dr 6,480 SF Office Building Lexington, KY 40503 $1,290,000 ($199.07/SF) 8.11% Cap Rate
Investment Highlights
- Great location
- Strategic location in Lexington area
- Built in 1998
- Value add, basement level with income potential
- Four units
- Zoned P-1
Executive Summary
Introducing a prime investment opportunity in Lexington, KY, offering a 6,840 SF office building with 4 units, meticulously built in 1998. Zoned P-1, this property provides a versatile space ideal for a range of commercial endeavors. The strategic location in the heart of the Lexington area ensures high visibility and accessibility for prospective tenants. Boasting a strong foundation and modern design, this property is poised to accommodate the evolving needs of businesses for years to come. With a proven track record and promising potential, this asset presents an exceptional prospect for investors seeking a solid foothold in the thriving commercial market of Lexington. The building is currently 100% tenant occupied. This location has an additional value add, as the basement of the building has the capability to be rented to create additional income possibilities.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$123,120
|
$19.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$123,120
|
$19.00
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $123,120 |
| Annual Per SF | $19.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $123,120 |
| Annual Per SF | $19.00 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,480 SF
Building Class
B
Year Built
1998
Price
$1,290,000
Price Per SF
$199.07
Cap Rate
8.11%
NOI
$104,652
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,240 SF
Building FAR
0.35
Lot Size
0.43 AC
Zoning
P-1 - Professional office
Parking
20 Spaces (3.09 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Blacksmith Properties LLC
- Real Estate
- -
- -
- -
- Catwine USA
- Public Administration
- -
- -
- -
- Chad Smith - United Real Estate
- Real Estate
- -
- -
- -
- Don B. White Pllc
- Professional, Scientific, and Technical Services
- -
- -
- -
- Dream Works Properties
- Real Estate
- -
- -
- -
- Elias Haddad
- -
- -
- -
- -
-
- Finance and Insurance
- -
- -
- -
Fairway Independent Mortgage Corporation began in 1996 in Madison, Wisconsin, and grew from a small mortgage startup into a national lender with a broad U.S. presence. The company provides home financing through purchase loans, refinance loans, construction loans, renovation loans, reverse mortgages, and other mortgage products, along with borrower resources and loan servicing support. Fairway offers digital tools for loan applications, payment information, and post-closing account access. In 2025, the company announced a rebrand to Fairway Home Mortgage while continuing its mortgage operations.
- Just Jenny Jackson Realtor
- Real Estate
- -
- -
- -
- Mortgage Suppliers
- Finance and Insurance
- -
- -
- -
- Noel Auctioneers
- Professional, Scientific, and Technical Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Blacksmith Properties LLC | Real Estate | - | - | - | ||
| Catwine USA | Public Administration | - | - | - | ||
| Chad Smith - United Real Estate | Real Estate | - | - | - | ||
| Don B. White Pllc | Professional, Scientific, and Technical Services | - | - | - | ||
| Dream Works Properties | Real Estate | - | - | - | ||
| Elias Haddad | - | - | - | - | ||
|
|
Finance and Insurance | - | - | - | ||
| Just Jenny Jackson Realtor | Real Estate | - | - | - | ||
| Mortgage Suppliers | Finance and Insurance | - | - | - | ||
| Noel Auctioneers | Professional, Scientific, and Technical Services | - | - | - |
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Very walkable
80/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 19992950 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,100,000 |
Property Taxes
Parcel Number
19992950
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,100,000
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