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Property profile

1015 Winchester Rd Lexington, KY 40505

FOR SALE
Drive through restaurants
Property ID
US34-0548473
2,104 SF 0.43 ac lot Built 1982
Last sale Sep 2020 · $591,300
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 2,100-square-foot freestanding restaurant building with a drive-thru, ideally situated in Lexington, Kentucky. Located at the highly visible corner of Winchester Road and East Loudon Avenue, this property benefits from a daily traffic count exceeding 23,638 vehicles. The single-story building sits on a 0.43-acre lot and offers convenient access via two points, along with ample parking for 15 vehicles. Currently leased to a restaurant tenant,…

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?
$12k
Tax billed · 2023
Assessed value$950k
Effective rate1.24%

Value estimate

· Oct 2026
$475k
$428k – $523k
NOI build-up
Gross scheduled income$33k
Vacancy & credit loss−$2k
Operating expenses−$8k
NOI · 1.95% cap applied$23k

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

Recently sold

What actually traded nearby?
$326/SF
Submarket average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$192 – $508
Qualifying comparables3

Cap rate analysis

How does the asset earn?
1.95%
$23k 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-3
The intent of this zone is to provide for retail and commercial uses, which are necessary to the economic vitality of the community but m...
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 Firm15.4
Parking Facility12.9
Pharmacy10.7

Location

1015 Winchester Rd Lexington, KY 40505
County assessor Recorded deeds · 4 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2301 Paris, Lexington, KY 40505-1963 $5,246,000 Dec 2024 2,953 SF
115 New Cir, Lexington, KY 40505-2114 $745,000 Oct 2024 3,118 SF
1949 Broadway, Lexington, KY 40505-1540 $1,431,339 Nov 2023 2,656 SF
1186 Limestone, Lexington, KY 40505-3228 $750,000 Dec 2022 2,500 SF
1005 Winchester, Lexington, KY 40505-3934 $355,000 Oct 2022 2,808 SF
905 Winchester, Lexington, KY 40505-3947 $290,000 Aug 2022 2,184 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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