Financial
Distress signals
Property profile

503 3rd St Lexington, KY 40508

OFF-MARKET
Retail space
Property ID
US34-0653122
8,512 SF 0.17 ac lot Built 1938
Last sale Feb 2022 · $455,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This Lexington, Kentucky office property is located in the Aspen Heights area along the Third and Midland Avenue corridor, near downtown Lexington. The building is zoned B-1 Neighborhood Business. It is configured to offer customizable suites, with suite sizes ranging from approximately 788 square feet up to just over 7,300 square feet. The parcel is 0.083 acres and the overall property size is 3,628 square feet, with proximity to local venues and amenities including The Met, the Lyric Theatre, Artist Village, and Isaac Murphy Park.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$385k
Effective rate1.24%

Value estimate

· Sep 2026
$625k
$563k – $688k

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

Recently sold

What actually traded nearby?
$194/SF
Submarket average, outlier-cleaned · 114 recorded sales of this use type
Observed band · Q1–Q3$108 – $298
Qualifying comparables3

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-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: Pharmacy
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pharmacy16.5
Auto Parts Store14.2
Garden Center10.2

Location

503 3rd St Lexington, KY 40508-1612
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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1150 Versailles, Lexington, KY 40508-3144 $950,000 Jun 2025 3,192 SF
1064 Manchester, Lexington, KY 40508-2422 $988,950 Feb 2024 7,020 SF
400 Limestone, Lexington, KY 40508-1874 $780,000 Oct 2023 3,368 SF
119 Loudon, Lexington, KY 40508-1411 $150,000 Aug 2023 5,160 SF
287 Limestone, Lexington, KY 40508-2538 $740,000 May 2022 3,626 SF
1208 Old Main, Lexington, KY 40508-2058 $216,469 Apr 2022 3,469 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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