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Property profile & analytics
OFF-MARKET
Estimated value
$13,245,000
Strip malls
1002 Lexington Rd Georgetown, KY 40324-1463
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US34-1734114
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Total area
60,018 SF
Lot
6.54 ac (285,057 SF)
APN
168-10-345.000
UPID
US34-1734114
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
City Nails Nail Salon
-
Coinstar Bank Credit Union
-
Eric Smith - Georgetown Bariatrics & Advanced Surgical Services Physician
-
Noble View Veterinary Clinic Veterinary Clinic
-
Adam D. Stowe, D.M.D. Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.27M
CAP Approach
CAP
$10.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.25M
Owner & transaction history
1002 Broadway LLC · 3 yrs held
1002 Broadway LLC
since 2022
Last sale
$15.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.1M
+531.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Georgetown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Georgetown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$16,305,000
ML approach
$9,270,000
CAP Approach
CAP Return
Estimation
6%
$11,645,000
6.5%
$10,745,000
7%
$9,980,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,105,000
Change: +531% · Conversion: Moderate
Blend value · Realmo final
$13.25M
Range $11.92M – $14.57M · ±10% · vs last sale $14.95M (Aug 9 2022)
Last sale anchor
$14.95M
Aug 9 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$221 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$84,717
Tax year 2023
Assessed value
$9,343,400
Assessed 2023
Previous assessed
$4,801,700
+94.6% YoY
Effective rate
0.91%
On assessed value
Assessed land
$900,000
Assessed improvement
$8,443,400
Land market value
$900,000
Improvement market value
$8,443,400
Total market value
$9,343,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
60,018 SF
Lot
6.54 ac (285,057 SF)
APN
168-10-345.000
UPID
US34-1734114
Jurisdiction
SCOTT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$11.1M
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
6.54 ac
Current owner
From public records · entity-resolved
1002 Broadway LLC
Entity
Mailing address
PO BOX 161150, AUSTIN, KY 42123
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2022
$14,950,000
1002 Broadway LLC
Washington Partners LLC
Special Warranty Deed
$12,000,000 · Whitaker Bank INC
Oct 30, 2012
$3,400,000
Washington Partners LLC
George D Graham
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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