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    1080 Broadway Lexington, KY 40504

    • Retail space
    • 4,021 SF
    • 2.44 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US34-0517599
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tech Space (Formerly Tech Medic) / Cell Phone Store / Computer Consultant
    • First Watch / Pancake Restaurant / Restaurant
    • Penn Station East Coast Subs / Restaurant / American Restaurant
    • LibertyX Bitcoin Cashier / Atm
    • TSAOCHA / Frozen Yogurt Shop / Ice Cream Shop

    Property Details for 1080 Broadway

    Year built
    1996
    Lot size
    2.44 lot acres
    Property size
    4,021 SF
    Zone code
    B-1
    Property type
    Retail space
    APN
    19347930
    APU
    19347930

    Description

    Simpson Center, located at 1080 S Broadway in Lexington, Kentucky (zip code 40504), offers a prime retail space opportunity. This multi-tenant retail center totals 22,171 square feet, with 1,740 square feet currently vacant and available for lease. The property is zoned B-1, Neighborhood Business, and is situated at the intersection of South Broadway and Simpson Avenue in Fayette County. The center enjoys a high-traffic location, benefiting from an average daily traffic count of approximately 34,186 vehicles (data from 2018). Its strategic location provides excellent visibility and accessibility, placing it in close proximity to the University of Kentucky, numerous student housing complexes, Saint Joseph Hospital, Lexington Clinic, and downtown Lexington. Established tenants include First Watch, Buffalo Wild Wings, and Gumbo YaYa, creating a strong and diverse tenant mix. The available space presents a unique chance to establish a business within a thriving retail environment, surrounded by a significant population base and high foot traffic. The property's size and location make it suitable for a variety of retail or restaurant uses. Interested parties should inquire about lease terms and conditions.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5173
    Latitude
    38.0367
    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
    $51,517
    $0.00
    $0.00
    $4,166,000
    -
    $0.00
    $0.00
    $4,166,000

    Comparable in this City

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      1316 Broadway

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      RETAIL STORES (PERSONAL SERVICES) • 11,099 SF
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    • Value Estimation by Request
      1,624 SF

      1328 Versailles Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,624 SF
      1328 Versailles Rd, Lexington, KY 40504-1136
      View Details

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    Lexington, KY 40504
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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