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Financial
Distress signals
Property profile

125 Codell Dr Lexington, KY 40509

FOR LEASE
Strip malls
Property ID
US34-0579258
6,490 SF 1.88 ac lot Built 2004
Last sale Jan 2022 · $2,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional retail/office space, located within the Richmond Woods Shopping Center at 125 Codell Drive in Lexington, Kentucky, presents a fantastic opportunity for businesses seeking a high-visibility location. The property boasts a total building size of 16,840 square feet, with a single available unit of 1,690 square feet. This space is ideal for a variety of uses, offering flexibility and ample room for operations. Situated on a 1.82-acre lot, the center enjoys excellent visibility…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$27k
Tax billed · 2023
Assessed value$2.20M
Effective rate1.24%

Value estimate

· Oct 2026
$3.02M
$2.71M – $3.32M
CAP approach$1.45M
NOI build-up
Gross scheduled income$283k
Vacancy & credit loss−$23k
Operating expenses−$98k
NOI · 956,905.88% cap applied$163k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
956,905.88%
$163k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-3
The intent of this zone is to provide for retail and commercial uses, which are necessary to the economic vitality of the community but m...
General categoryCOMMERCIAL
JurisdictionFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm12.6
HVAC Service11.8
Electrical Service10.3

Location

125 Codell Dr Lexington, KY 40509
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 15 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2473 Fortune, Lexington, KY 40509-4255 $6,500,000 May 2023 44,588 SF
1850 Bryant, Lexington, KY 40509-9100 $1,400,000 Mar 2019 101,488 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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