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    Property profile & analytics

    1501 Russell Cave Rd Lexington, KY 40505-1419

    • Strip malls
    • 17,410 SF
    • 2.36 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US34-0578382
    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

    • Plaza Carpets / Wood Floor Installation Service / Carpet Store

    Property Details for 1501 Russell Cave Rd

    Year built
    1967
    Lot size
    2.36 lot acres
    Property size
    17,410 SF
    Zone code
    B-1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    10186600
    APU
    10186600

    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
    -84.4768
    Latitude
    38.0726
    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
    $10,836
    $0.00
    $0.00
    $876,300
    -
    $0.00
    $0.00
    $876,300

    Comparable in this City

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      62,615 SF

      208 Legends Ln

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      12,540 SF

      1820 Bryan Sta Rd

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      6,750 SF

      1816 Bryan Sta Rd

      SHOPPING CENTER, STRIP CENTER • 6,750 SF
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      10,706 SF

      340 New Cir Rd

      SHOPPING CENTER, STRIP CENTER • 10,706 SF
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    • Value Estimation by Request
      48,151 SF

      1591 Winchester Rd

      SHOPPING CENTER, STRIP CENTER • 48,151 SF
      1591 Winchester Rd, Lexington, KY 40505-4500
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      32,000 SF showroom with retail and office potential.
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    Similar Nearby for Lease

    • $15 SF/Yr
      70,217 SF

      Lexington Retail Center Investment Opportunity

      High-traffic shopping center with available space.
      208 Legends Ln, Lexington, KY 40505
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    • Contact for pricing
      6,831 SF

      Winchester Road Retail Space

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      View Details
    • $19 SF/Yr
      1,128 SF

      Mixed-Use Property in Lexington, KY

      Mixed-use property with retail and office space available for rent.
      1021 N Limestone Unit 112/114, Lexington, KY 40505
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    • $15 SF/Yr
      5,318 SF

      Retail Units on Winchester Road

      Remodeled retail units available on Winchester Road in Lexington, KY.
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      Versatile Flex Space on Winchester Road

      17,579 SF flex space near downtown Lexington.
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    • Contact for pricing
      309,135 SF

      Lexington Business Center: Prime Flex Space

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    Property Visit Statistics

    • Visits by month
      1.4k
    • Visitors by month
      1.7k
    • Avg Time on site
      16 min
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    1501 Russell Cave Rd
    Lexington, KY 40505-1419
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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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