Property profile

857 Sparta Ct Lexington, KY 40504

FOR SALE
Office buildings
Saved · see the list in your Dashboard
Property ID
US34-0072713
2,698 SF 0.23 ac Built 1978
Last sale Mar 2021·$250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property at 857 Sparta Court in Lexington consists of a 1,200-square-foot office unit configured with two larger offices or conference rooms and a separate private office, providing multiple dedicated work areas and meeting space within a compact professional layout. The unit includes existing office improvements designed to support day-to-day office use. The location provides access to Versailles Road and is situated near Downtown and the Distillery District.

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 rate1.24%

Value estimate

· Nov 2026
$340k
$306k – $374k
NOI build-up
Gross scheduled income$22k
Vacancy & credit loss−$4k
Operating expenses−$4k
NOI$13k

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

Recently sold

What actually traded nearby?
$166/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$103 – $225
Qualifying comparables4

Cap rate analysis

How does the asset earn?
$13k 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-1
The intent of this zone is to accommodate neighborhood shopping facilities to serve the needs of the surrounding residential area
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 agency26.3
Dental Office20.8
Law Firm17.2

Location

857 Sparta Ct Lexington, KY 40504
County assessor Recorded deeds · 5 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1161 Red Mile, Lexington, KY 40504-2649 $437,000 Dec 2023 3,084 SF
827 Ln Allen, Lexington, KY 40504-3605 $66,000 Dec 2023 3,206 SF
1604 Harrodsburg, Lexington, KY 40504-3706 $475,000 Mar 2023 2,240 SF
2412 Greatstone, Lexington, KY 40504-3274 $326,000 Apr 2021 2,038 SF
1216 Broadway, Lexington, KY 40504-2739 $250,000 Feb 2019 2,808 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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