Property profile

1479 Boardwalk Lexington, KY 40511

OFF-MARKET
Turn key restaurants
Property ID
US34-0641215
2,937 SF 0.55 ac lot Built 1980
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1980
Total area 2,937 SF
Lot 0.55 ac (23,958 SF)
Zoning code B-6P
APN 16696760
UPID US34-0641215

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1479 Boardwalk Lexington, KY 40511-1803
Lexington metro Census 1300 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$565k
Blend (final) Blend
$450k

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2022
$280,000
2020
$280,000
2018
Price N/A
2016
$247,500

Zoning & alternative use

B-6P · Lexington, KY
Zoning description

Article 12 - COMMERCIAL CENTER (B-6P) ZONE Share Download Bookmark Print Sec. 12-1. - Intent. The intent of the Commercial Center (B-6P) zone is to create centers of activity that promote commerce and retail along major…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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