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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1311 Versailles Rd Lexington, KY 40504-1116

    • Grocery and convenience stores
    • 2,960 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimations
    $1,465,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0564399
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Thorntons / Sandwich Shop / Gas Station
    • PNC ATM / Atm
    • Coin Cloud Bitcoin ATM / Atm / Crypto Atm
    • ATM (Thornton Oil Co) / Atm

    Property Details for 1311 Versailles Rd

    Year built
    1994
    Lot size
    0.37 lot acres
    Property size
    2,960 SF
    Zone code
    B-1
    Property type
    Grocery and convenience stores
    APN
    26150100
    APU
    26150100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,467,000
      Market price range: $1.12M - $3.12M
      AI Estimate
      $1,467,000
      Market price range: $1.12M - $3.12M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,070,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5219
    Latitude
    38.0502
    CBSA code
    30460
    CBSA name
    LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,332
    $0.00
    $0.00
    $835,500
    -
    $0.00
    $0.00
    $835,500

    Comparable in this City

    • Value Estimation
      $1,555,000
      2,172 SF

      2001 Versailles Rd

      CONVENIENCE STORE • 2,172 SF
      2001 Versailles Rd, Lexington, KY 40504-1404
      View Details
    • Value Estimation
      $1,105,000
      2,794 SF

      831 Ln Allen Rd

      CONVENIENCE STORE • 2,794 SF
      831 Ln Allen Rd, Lexington, KY 40504-3605
      View Details
    • Value Estimation
      $3,260,000
      3,240 SF

      2300 Versailles Rd

      CONVENIENCE STORE • 3,240 SF
      2300 Versailles Rd, Lexington, KY 40504-1606
      View Details
    • Value Estimation
      $1,030,000
      1,800 SF

      641 Red Mile Rd

      CONVENIENCE STORE • 1,800 SF
      641 Red Mile Rd, Lexington, KY 40504-1151
      View Details
    • Value Estimation
      $1,870,000
      2,700 SF

      2301 Versailles Rd

      CONVENIENCE STORE • 2,700 SF
      2301 Versailles Rd, Lexington, KY 40504-1605
      View Details
    • Value Estimation
      $810,000
      1,344 SF

      2312 Versailles Rd

      CONVENIENCE STORE • 1,344 SF
      2312 Versailles Rd, Lexington, KY 40504-1606
      View Details

    Similar Nearby for Sale

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      Versatile Commercial Property in Lexington

      Prime location with high visibility and traffic near downtown Lexington.
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      Multi-tenant building for sale in high-visibility location.
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      Renovated Duplex: Turnkey Investment Opportunity

      Completely renovated duplex with modern finishes, strong investment potential.
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    • New
      $232,500
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      Income-Producing Duplex in Lexington, KY

      Brick duplex generating $1,850 monthly, ideal for investors or house-hacking.
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      Prime location, multiple suites available
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    Similar Nearby for Lease

    • $8 SF/Yr
      10,080 SF

      705 Werne Dr

      Distribution properties • 10,080 SF
      705 Werne Dr, Lexington, KY 40504
      View Details
    • $5,391 /Mo

      Retail Space Near University of Kentucky

      Retail space for sublease near the University of Kentucky.
      1030 South Broadway, Lexington, KY 40504
      View Details
    • $18 SF/Yr
      1,180 SF

      Lexington Retail Space - 1180 SF

      High-traffic retail space, ready for lease.
      395 Elaine Dr, Lexington, KY 40504
      View Details
    • $20 SF/Yr
      22,171 SF

      Lexington Retail Center Opportunity

      High-traffic retail space available in Lexington, KY.
      1080 Broadway, Lexington, KY 40504
      View Details
    • $400 /Mo
      180 SF

      Second Floor Office Space

      Second floor office space for lease, $400 per month.
      1099 S Broadway, Lexington, KY 40504
      View Details
    • $22 SF/Yr
      62,622 SF

      Paragon Centre Executive Suites

      Prestigious Fayette County Office Space.
      2525 Harrodsburg Rd, Lexington, KY 40504
      View Details

    Property Visit Statistics

    • Visits by month
      21.5k
    • Visitors by month
      11.0k
    • Avg Time on site
      9 min
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    1311 Versailles Rd
    Lexington, KY 40504-1116
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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