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    Property profile & analytics

    135 American Ave Lexington, KY 40503-1046

    • Residential income homes
    • 2,012 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    $18,020,000
    Last Sale
    Aug 31, 2021
    $14,335,000
    Location Intelligence
    Property ID
    US34-0459553
    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

    • Residential income homes

    Property Details for 135 American Ave

    Year built
    2020
    Lot size
    0.42 lot acres
    Property size
    2,012 SF
    Zone code
    R-4
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    45596550
    APU
    45596550

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $19,425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $13,690,000
      6.5%
      $13,735,000
      7%
      $13,330,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $12,715,000
      Geo Method
      $15,010,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $15,560,000
      Retail
      $12,160,000
      Mixed-Use
      $15,135,000
      Hospitality
      $12,440,000
      Educational
      $14,645,000
      Residential Income
      $14,630,000
      Energy
      $15,310,000
      Income-Based Land
      $12,185,000
      Food Service
      $14,240,000

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5163
    Latitude
    38.0326
    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
    $14,731
    $0.00
    $0.00
    $1,200,000
    -
    $0.00
    $0.00
    $1,200,000

    Comparable in this City

    • Value Estimation by Request
      2,650 SF

      146 Shawnee Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,650 SF
      146 Shawnee Pl, Lexington, KY 40503-1535
      View Details
    • Value Estimation by Request
      2,595 SF

      2201 Eastway Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,595 SF
      2201 Eastway Dr, Lexington, KY 40503-1903
      View Details
    • Value Estimation
      $225,000
      2,028 SF

      387 Bob O Link Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,028 SF
      387 Bob O Link Dr, Lexington, KY 40503-1195
      View Details
    • Value Estimation by Request
      4,560 SF

      203 State St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,560 SF
      203 State St, Lexington, KY 40503-1039
      View Details
    • Value Estimation by Request
      3,688 SF

      241 Rosemont Gdn

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,688 SF
      241 Rosemont Gdn, Lexington, KY 40503-1847
      View Details
    • Value Estimation by Request
      3,430 SF

      1401 Audubon Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,430 SF
      1401 Audubon Ave, Lexington, KY 40503-1174
      View Details

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    135 American Ave
    Lexington, KY 40503-1046
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    Realmo Value Estimation

    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.

    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.

    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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