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    Property profile & analytics

    1500 Leestown Rd, Unit 304 Lexington, KY 40511

    • Office buildings
    • 50,304 SF
    • 2.50 lot acres
    For Lease
    View listing
    $625 /Mo
    Value Estimation
    Location Intelligence
    Property ID
    US34-0592486
    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

    • Lexington Vet Center / Veterans Hospital / Veterans Center
    • Lexington Contracting LLC / General Contractor
    • Stromatt & Associates / Legal Services
    • tcm educational consultants / Educational Consultant
    • First Kentucky Securities / Financial Consultant / Stock Broker

    Property Details for 1500 Leestown Rd

    Year built
    1968
    Lot size
    2.50 lot acres
    Property size
    50,304 SF
    Zone code
    P-1
    Property type
    Office buildings
    APN
    17159100
    APU
    17159100

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5245
    Latitude
    38.0657
    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
    $43,281
    $0.00
    $0.00
    $3,500,000
    -
    $0.00
    $0.00
    $3,500,000

    Comparable in this City

    • Value Estimation by Request
      47,602 SF

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    • Value Estimation by Request
      8,968 SF

      4041 Iron Works Pkwy

      OFFICE BUILDING • 8,968 SF
      4041 Iron Works Pkwy, Lexington, KY 40511-1299
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      54,525 SF

      1490 Bull Lea Rd

      OFFICE BUILDING • 54,525 SF
      1490 Bull Lea Rd, Lexington, KY 40511-1264
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      20,000 SF

      1501 Bull Lea Rd

      OFFICE BUILDING • 20,000 SF
      1501 Bull Lea Rd, Lexington, KY 40511-1285
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    • Value Estimation by Request
      6,600 SF

      4099 Iron Works Pkwy

      OFFICE BUILDING • 6,600 SF
      4099 Iron Works Pkwy, Lexington, KY 40511-8483
      View Details
    • Value Estimation by Request
      9,972 SF

      2401 Merchant St

      OFFICE BUILDING • 9,972 SF
      2401 Merchant St, Lexington, KY 40511-2601
      View Details

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      Three private office spaces available in Lexington, Kentucky.
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    Property Visit Statistics

    • Visits by month
      6.1k
    • Visitors by month
      3.5k
    • Avg Time on site
      14 min
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    1500 Leestown Rd, Unit 304
    Lexington, KY 40511
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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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