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Financial
Distress signals
Property profile

1405 Mercer Rd Lexington, KY 40511

OFF-MARKET
Office buildings
Property ID
US34-0460634
6,600 SF 0.73 ac lot Built 1974
Last sale Feb 2025 · $700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 6,600 square foot warehouse, situated on a 0.78-acre lot at 1405 Mercer Road in Lexington, Kentucky, presents a compelling investment opportunity. Boasting B-3 zoning, the property offers exceptional versatility for a range of commercial uses. Its strategic location, just off Georgetown Road and New Circle Road, provides unparalleled accessibility to Lexington's downtown and surrounding areas, benefiting from high daily traffic counts exceeding 50,000 vehicles on New Circle Road, 26,000+…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$354k
Effective rate1.24%

Value estimate

· Oct 2026
$590k
$531k – $649k
Submarket $/SF estimate$816k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$186/SF
Submarket average, outlier-cleaned · 295 recorded sales of this use type
Observed band · Q1–Q3$124 – $276
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency24.1
Dental Office19.2
Restaurant18.5

Location

1405 Mercer Rd Lexington, KY 40511-1028
County assessor Recorded deeds · 3 transfers 7 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
1406 Forbes, Lexington, KY 40511-8995 $525,000 Jan 2023 5,874 SF
1720 Sharkey, Lexington, KY 40511-2028 $1,185,000 Jan 2023 7,700 SF
1708 Jaggie Fox, Lexington, KY 40511-1162 $730,000 Dec 2022 5,098 SF
375 Lisle Industrial, Lexington, KY 40511-2061 $3,253,800 Apr 2021 3,524 SF
2516 Sandersville, Lexington, KY 40511-2400 $640,000 May 2019 6,966 SF
1450 Leestown, Lexington, KY 40511-2040 $490,000 Mar 2019 4,160 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
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