Property profile

287 Pasadena Dr Lexington, KY 40503

FOR SALE
Office buildings
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Property ID
US34-0660254
5,480 SF 0.59 ac Built 1994
Last sale Jan 2015·$250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is a stand-alone, two-story office building completed in 1994 with approximately 5,480 square feet of space. The interior layout includes private offices, collaboration and conference areas, a kitchen or break room, and multiple bathrooms. It has private on-site parking and building signage. The building is located at 287 Pasadena Drive in Lexington, at the signalized intersection of Pasadena Drive and Regency Road, with Nicholasville Road nearby and convenient access via New…

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$250k
Effective rate1.09%

Value estimate

· Nov 2026
$365k
$329k – $402k
NOI build-up
Gross scheduled income$112k
Vacancy & credit loss−$15k
Operating expenses−$24k
NOI$73k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$155/SF
ZIP average, outlier-cleaned · 60 recorded sales of this use type
Observed band · Q1–Q3$98 – $236
Qualifying comparables4

Cap rate analysis

How does the asset earn?
$73k 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?
P-1
The intent of this zone is to provide for offices and related professional uses, Retail sales are prohibited except where directly relate...
General categoryCOMMERCIAL
JurisdictionFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility13.6
Electrical Service9.9
Catering Service9.3

Location

287 Pasadena Dr Lexington, KY 40503
County assessor Recorded deeds · 3 transfers 4 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2357 Huguenard, Lexington, KY 40503-3015 $1,195,000 Jun 2025 6,840 SF
128 Dennis, Lexington, KY 40503-2917 $570,000 Nov 2024 4,776 SF
2425 Regency, Lexington, KY 40503-2948 $760,000 Aug 2023 9,880 SF
624 Wellington, Lexington, KY 40503-2768 $610,000 Nov 2022 8,716 SF
261 Regency, Lexington, KY 40503-2348 $270,000 Sep 2021 3,350 SF
265 Regency, Lexington, KY 40503-2349 $205,900 Aug 2021 2,850 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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