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    Property profile & analytics
    OFF-MARKET Estimated value $2,150,000
    Commercial land

    1017 Wellington Way, Lexington, KY 40513-1167

    0.75 ac lot
    Entity Owned ~ Est. High Equity
    Property ID
    US34-0546929
    Property summary
    AI-generated overview

    This exceptional 1.7-acre commercial land parcel presents a unique opportunity for retail development in Lexington, Kentucky. Situated at 1017 Wellington Way, in the highly desirable 40513 zip code, this property offers unparalleled visibility and accessibility. Zoned B-1, Neighborhood Business, the land is ideally suited for a variety of retail uses. Built in 2019, the site boasts a single-tenant capacity and benefits from its strategic location just off Harrodsburg Road, adjacent to Palomar Center. Across the street from established businesses like Panera Bread and LA Fitness, this location ensures high foot traffic and brand recognition. The property's proximity to Keeneland Racetrack and Blue Grass Airport further enhances its appeal, providing convenient access for both local and regional clientele. This 1.7-acre lot offers a blank canvas for a new retail development, promising significant return on investment in a thriving Lexington market. The property is available for ground lease or build-to-suit options, providing flexibility for potential developers. Fayette County location ensures access to robust infrastructure and community support. This is a rare opportunity to acquire a prime retail site in one of Lexington's most sought-after areas.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.75 ac (32,801 SF)
    Zoning code B-1
    APN 10045740
    UPID US34-0546929
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.15M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.15M
    Owner & transaction history
    Palomar Place Limited Liability LP
    Palomar Place Limited Liability LP
    since 2025
    Last sale
    $2.2M
    7 recorded transactions
    2025
    2025
    $2.3M
    2025
    2024
    $2.2M
    2017
    2013
    $660,000
    2008
    $405,000
    Zoning & alternative use
    B-1 · Lexington, KY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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