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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Grocery and convenience stores
1009 Georgetown Rd Lexington, KY 40511-1009
Entity Owned
4-yr Hold
Free & Clear
Property ID
US34-0664264
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1973
Total area
1,876 SF
Lot
0.78 ac (33,772 SF)
Zoning code
B-3
APN
16430700
UPID
US34-0664264
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
-
Ashco Petroleum High School Vocational School
-
Marathon Gas Gas Station
-
Deli Mart Grocery & Convenience Store
-
Shell Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.10M
Owner & transaction history
Ram 3 Oil LLC · 4 yrs held
Ram 3 Oil LLC
since 2022
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
B-3 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ional parking regulations.) (d) Screening. Landscaping and screening shall be provided as required in Article 18 . (e) Lot, Yard, and Height Requirements. Lot and yard requirements shall be as for the Corridor Business (B-3) zone, except for the lot coverage requirement. There shall be no height restriction except when a side or rear yard adjoins a residenti…
Zone name
Corridor Business
General category
COMMERCIAL
Zone area
1,508.59 ac
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 Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington 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
$1,095,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$680,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $800k (Jun 14 2022)
Last sale anchor
$800k
Jun 14 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
$586 / 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
$9,893
Tax year 2023
Assessed value
$800,000
Assessed 2023
Previous assessed
$650,000
+23.1% YoY
Effective rate
1.24%
On assessed value
Total market value
$800,000
Applied tax rate
1.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1973
Heating
YES
Cooling
WINDOW A/C
Stories
1
Total area
1,876 SF
Lot
0.78 ac (33,772 SF)
Zoning code
B-3
APN
16430700
UPID
US34-0664264
Jurisdiction
FAYETTE
Zoning & alternative use
B-3 · Lexington, KYZoning B-3 · permitted uses
B-3 · Lexington, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ional parking regulations.) (d) Screening. Landscaping and screening shall be provided as required in Article 18 . (e) Lot, Yard, and Height Requirements. Lot and yard requirements shall be as for the Corridor Business (B-3) zone, except for the lot coverage requirement. There shall be no height restriction except when a side or rear yard adjoins a residential zone, then a 3:1 height-to-yard ratio. (f) Minimum open space. See Article 20 fo
Zone name
Corridor Business
General category
COMMERCIAL
Zone area
1,508.59 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$680,000
AUTO REPAIR, GARAGE
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
Year built
1973
Heating
YES
Cooling
Yes
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Ram 3 Oil LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1009 GEORGETOWN RD, LEXINGTON, KY 40511-1009
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2022
$800,000
Ram 3 Oil LLC
Rainmaker Holdings Ix LLC
Deed
—
Dec 8, 2020
$650,000
Rainmaker Holdings Ix LLC
Deli Mart INC
Deed
$455,000 · Kentucky Bk
Dec 8, 2020
—
Rainmaker Holdings Ix LLC
—
Deed
related
$35,000 · Kentucky Bk
Jan 6, 2017
$2,500
Commonwealth Of Ky-trans Cab
Deli Mart INC
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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