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Financial
Distress signals
Property profile

1408 Leestown Rd Lexington, KY 40511

FOR LEASE
Auto shops
Property ID
US34-0405282
3,456 SF 0.19 ac lot Built 1976
Last sale Oct 2025 · $290,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 3,456-square-foot commercial building located in Lexington, Kentucky. It is zoned B-3 and sits near the intersection of Leestown Road and South Forbes Road, directly across from Meadowthorpe Shopping Center. The site occupies 0.22 acres and is positioned along a road corridor with traffic counts exceeding 15,000 vehicles per day. The property is sold in as-is condition.

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?
$3k
Tax billed · 2023
Assessed value$272k
Effective rate1.24%

Value estimate

· Oct 2026
$200k
$180k – $220k
NOI build-up
Gross scheduled income$57k
Vacancy & credit loss−$3k
Operating expenses−$16k
NOI · 250,293.33% cap applied$38k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$366/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$168 – $741
Qualifying comparables3

Cap rate analysis

How does the asset earn?
250,293.33%
$38k 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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.7
Dental Office20.1
Hair Salon16.4

Location

1408 Leestown Rd Lexington, KY 40511
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales 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

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
901 Newtown, Lexington, KY 40511-1855 $675,000 Dec 2025 1,402 SF
1400 Leestown, Lexington, KY 40511-2040 $400,000 Mar 2025 2,132 SF
1095 Majaun, Lexington, KY 40511-1185 $824,720 Nov 2023 11,730 SF
1157 Georgetown, Lexington, KY 40511-1003 $400,000 Aug 2023 5,600 SF
2408 Over, Lexington, KY 40511-2614 $1,590,000 Nov 2022 6,732 SF
960 Nandino, Lexington, KY 40511-1205 $450,000 Feb 2019 5,600 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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