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Property profile & analytics
FOR SALE
Office buildings
144 N Broadway Lexington, KY 40507
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US34-0430365
For Sale
$6,500,000
144 N Broadway, Lexington, KY 40507
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Total area
14,730 SF
Lot
0.18 ac (7,841 SF)
Zoning code
B-2B
APN
14145700
UPID
US34-0430365
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
-
Haaker Deborah CPA Accounting Firm Tax Preparation
-
KYLand4Sale Real Estate Agency
-
Mid South Capital Partners Lp Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.70M
Comparable Approach
Comparable
$3.65M
Blend (final)
Blend
$2.82M
Owner & transaction history
Omni Management Group LLC · 3 yrs held
Omni Management Group LLC
since 2023
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
B-2B · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
gton-Fayette Urban County within which certain regulations and requirements apply under the provisions of this Zoning Ordinance. Zone, agricultural, means A-R, A-B, A-N or A-U zone. Zone, business, means B-1, B-2, B-2A, B-2B, B-3, B-4, B-5P, B-6P or CC zone. Zone, industrial, means an I-1, I-2 or ED zone. Zone, mixed use, means an MU-1, MU-2 or MU-3 zone. Zo…
Zone name
Lexington Center Business
General category
COMMERCIAL
Zone area
158.21 ac
Top alternative use upside
Commercial (general)
$3.3M
+7.1%
Apartment house (5+ units)
$3.3M
+6.6%
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
$2,910,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,925,000
6.5%
$2,700,000
7%
$2,510,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,050,000
Current use
COMMERCIAL (GENERAL)
$3,270,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,255,000
Change: +7% · Conversion: Easy
MEDICAL BUILDING
$3,030,000
Change: -1% · Conversion: Easy
RETAIL STORES
$2,860,000
Change: -6% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,570,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.82M
Range $2.54M – $3.10M · ±10% · vs last sale $2.00M (Feb 2 2023)
Last sale anchor
$2.00M
Feb 2 2023
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
$191 / 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
Tax billed
$22,155
Tax year 2023
Assessed value
$1,791,600
Assessed 2023
Previous assessed
$1,485,900
+20.6% YoY
Effective rate
1.24%
On assessed value
Total market value
$1,791,600
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1915
Heating
YES
Cooling
CENTRAL
Stories
3
Total area
14,730 SF
Lot
0.18 ac (7,841 SF)
Zoning code
B-2B
APN
14145700
UPID
US34-0430365
Jurisdiction
FAYETTE
Zoning & alternative use
B-2B · Lexington, KYZoning B-2B · permitted uses
B-2B · Lexington, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
gton-Fayette Urban County within which certain regulations and requirements apply under the provisions of this Zoning Ordinance. Zone, agricultural, means A-R, A-B, A-N or A-U zone. Zone, business, means B-1, B-2, B-2A, B-2B, B-3, B-4, B-5P, B-6P or CC zone. Zone, industrial, means an I-1, I-2 or ED zone. Zone, mixed use, means an MU-1, MU-2 or MU-3 zone. Zone, residential, means an R-1A, R-1B, R-1C, R-1D, R-1E, R-1T, R-2, R-3, R-4, R-5, EA
Zone name
Lexington Center Business
General category
COMMERCIAL
Zone area
158.21 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
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
1915
Heating
YES
Cooling
Yes
Stories
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
Omni Management Group LLC
Entity
Mailing address
2083 VON LIST WAY, LEXINGTON, KY 40502-2602
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2026
—
Omni Management Grup LLC
—
Deed
related
$240,000 · Artemis Venture Fund LLC
Jan 10, 2025
—
Omni Management Group LLC
—
Deed
related
$400,000 · Peoples Bank & Trust Co Of Hazard
Aug 2, 2024
—
Omni Management Group LLC
—
Deed
related
$825,000 · Peoples Bank & Trust Co Of Hazard
May 22, 2023
—
Omni Management Group LLC
—
Deed
related
$3,502,000 · Peoples Bank & Trust Of Hazard
Feb 2, 2023
$2,000,000
Omni Management Group LLC
Mid South Capital Partners LP
Deed
$1,700,000 · Peoples Bank & Trust Co Of Hazard
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.
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