Realmo Analytics

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Financial
Distress signals
Property profile

2400 Versailles Rd Lexington, KY 40504

FOR SALE
Commercial land
Property ID
US34-0429613
2,979 SF 0.92 ac lot Built 1956
Last sale Jun 2023 · $350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years.
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Property summary

AI-generated overview

A commercial land parcel of 0.918 acres located at 2400 Versailles Rd in Lexington, Kentucky 40504. The property is zoned B-1 and is configured for a ground-lease arrangement rather than for an existing building or developed commercial improvement.

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$275k
Effective rate1.24%

Value estimate

· Oct 2026
$480k
$432k – $528k

Realmo valuation models over county records and 6 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 comparables6

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm24.5
Realty agency24.3
Building Supply17.4

Location

2400 Versailles Rd Lexington, KY 40504
County assessor Recorded deeds · 7 transfers 6 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
719 Werne, Lexington, KY 40504-1008 $1,950,000 Mar 2025 No data
2035 Harrodsburg, Lexington, KY 40504-3503 $550,000 Jul 2024 No data
1604 Versailles, Lexington, KY 40504-2402 $575,000 Sep 2021 11,880 SF
1201 Manchester, Lexington, KY 40504-1187 $1,205,000 Mar 2021 3,084 SF
1265 Manchester, Lexington, KY 40504-1187 $1,205,000 Mar 2021 21,654 SF
2033 Harrodsburg, Lexington, KY 40504-3503 $6,025,000 Dec 2018 24,328 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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