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    1051 Newtown Pike Lexington, KY 40511

    • Office buildings
    • 21,600 SF
    • 1.79 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US34-0632195
    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

    • Remedy Intelligent Staffing / Temp Agency / Unemployment Office
    • Tricare Pharmacy / Pharmacy
    • Eric T Morse, MD / Occupational Medical Physician
    • John R. Johnson, MD / Occupational Medical Physician
    • Baptist Health Physical Therapy - Newtown / Physical Therapist

    Property Details for 1051 Newtown Pike

    Year built
    1980
    Lot size
    1.79 lot acres
    Property size
    21,600 SF
    Zone code
    B-1
    Property type
    Office buildings
    APN
    16855813
    APU
    16855813

    Description

    Newtown Business Center, located at 1051 Newtown Pike in Lexington, Kentucky, presents a unique investment opportunity. This four-building complex, totaling 86,700 square feet, sits on a 9.88-acre lot and offers a diverse range of spaces suitable for retail, office, industrial, and flex uses. Currently, 2,748 square feet of space is available for lease. The property boasts ample parking and is conveniently situated at the intersection of Newtown Pike and New Circle Road, providing easy access to downtown Lexington, Interstates 75/64, and Blue Grass Airport. Built in 1982, the buildings are zoned B-1 (Neighborhood Business) and I-1 (Light Industrial), offering flexibility for a variety of businesses. The property's multiple tenancy allows for diverse occupancy and potential for strong rental income. This prime location in Fayette County, Kentucky, zip code 40511, offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a versatile and strategically located space. The property's size and zoning provide significant potential for future development or expansion. This is a rare opportunity to acquire a well-established multi-use property in a thriving Kentucky market.

    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
    -84.4949
    Latitude
    38.077
    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
    $9,189
    $0.00
    $0.00
    $743,100
    -
    $0.00
    $0.00
    $743,100

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    1051 Newtown Pike
    Lexington, KY 40511
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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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