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Financial
Distress signals
Property profile

2891 Richmond Rd Lexington, KY 40509

OFF-MARKET
Commercial land
Property ID
US34-2265996
19,422 SF 1.28 ac lot Built 1971
Last sale Aug 2021 · $2,050,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 1.3± acre parcel of commercial land at 2891 Richmond Rd in Lexington, positioned in a retail and restaurant hub approximately four miles from the University of Kentucky. The site provides street-facing frontage along Richmond Road and includes a large pylon sign that is designated for outlot use. Vehicular access is supported by entry points to two signalized traffic lights, as well as a cut-off on Richmond Road directly in front of the property. The parcel is located in front of a Lowe’s and…

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?
$13k
Tax billed · 2023
Assessed value$1.05M
Effective rate1.24%

Value estimate

· Oct 2026
$2.44M
$2.20M – $2.68M
CAP approach$2.89M

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

Recently sold

What actually traded nearby?
$222/SF
Submarket average, outlier-cleaned · 78 recorded sales of this use type
Observed band · Q1–Q3$88 – $429
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop18.5
Auto Parts Store18.5
Building Supply18.0

Location

2891 Richmond Rd Lexington, KY 40509-1506
County assessor Recorded deeds · 1 transfer 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1988 Bryant, Lexington, KY 40509-9448 $225,000 Mar 2025 No data
300 Lindenhurst Dr, Lexington, KY 40509-1242 $1,550,000 Jan 2025 No data
175 Yorkshire, Lexington, KY 40509-1883 $560,000 Oct 2024 No data
3375 Todds, Lexington, KY 40509-9496 $1,857,000 Dec 2023 18,722 SF
3151 Mapleleaf, Lexington, KY 40509-1256 $3,700,000 Aug 2022 36,893 SF
697 Blue Sky, Lexington, KY 40509-9459 $270,000 Jan 2022 3,000 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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