Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$105,475,000
Hospitals
1101 Veterans Dr Lexington, KY 40502-2235
Entity Owned
Free & Clear
Property ID
US34-0511701
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1976
Total area
372,139 SF
Lot
4.82 ac (210,046 SF)
Zoning code
R-4
APN
38232190
UPID
US34-0511701
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
-
Tucker Heather Physician
-
Dr. Kim S. Larmore, MD Physician
-
Shurling Thomas L Physician Medical Clinic
-
Edge Schoeder Chrystal D Physician Medical Clinic
-
Dunn Gary Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$105.48M
Blend (final)
Blend
$105.48M
Owner & transaction history
UNITED STATES AMERICA
UNITED STATES AMERICA
Zoning & alternative use
R-4 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$136.0M
+77.7%
Restaurant
$121.4M
+58.7%
Retail stores
$89.0M
+16.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$76,540,000
Current use
AUTO REPAIR, GARAGE
$136,015,000
Change: +78% · Conversion: Difficult
RESTAURANT
$121,425,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$88,950,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$82,575,000
Change: +8% · Conversion: Easy
OFFICE BUILDING
$69,070,000
Change: -10% · Conversion: Easy
WAREHOUSE, STORAGE
$64,955,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$105.48M
Range $94.93M – $116.02M · ±10%
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
$283 / 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
Assessed value
$104,681,100
Assessed 2023
Previous assessed
$104,681,100
+0.0% YoY
Total market value
$104,681,100
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1976
Heating
NONE
Total area
372,139 SF
Lot
4.82 ac (210,046 SF)
Zoning code
R-4
APN
38232190
UPID
US34-0511701
Jurisdiction
FAYETTE
Zoning & alternative use
R-4 · Lexington, KY
Zoning R-4 · permitted uses
R-4 · Lexington, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$76.5M
AUTO REPAIR, GARAGE
Est. value
$136.0M
RESTAURANT
Est. value
$121.4M
RETAIL STORES
Est. value
$89.0M
COMMERCIAL (GENERAL)
Est. value
$82.6M
OFFICE BUILDING
Est. value
$69.1M
WAREHOUSE, STORAGE
Est. value
$65.0M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1976
Heating
NONE
Lot
4.82 ac
Current owner
From public records · entity-resolved
UNITED STATES AMERICA
Individual
Free & Clear · 0 yrs held
Mailing address
1101 VETERANS DR, LEXINGTON, KY 40502-2235
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1101 Veterans Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
