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Property profile & analytics
OFF-MARKET
Estimated value
$6,165,000
Office buildings
1575 Winchester Rd, Lexington, KY 40505-4516
Entity Owned
~
Est. High Equity
Property ID
US34-0567067
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
47,228 SF
Lot
6.35 ac (276,606 SF)
Zoning code
B-3
APN
14777901
UPID
US34-0567067
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
-
AWG, Gases & Welding Supplies Business Service Center Corporate Office
-
MedQuest College College Dental Laboratory
-
Spectrum Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$6.17M
Owner & transaction history
333 East Main LLC
333 East Main LLC
since 2025
Last sale
$8.3M
6 recorded transactions
Zoning & alternative use
B-3 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.7M
+46.6%
Warehouse, storage
$8.2M
+24.4%
Retail stores
$6.7M
+0.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,625,000
Current use
MEDICAL BUILDING
$9,715,000
Change: +47% · Conversion: Easy
WAREHOUSE, STORAGE
$8,245,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$6,670,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$6.17M
Range $5.55M – $6.78M · ±10% · vs last sale $8.25M (Jul 22 2025)
Last sale anchor
$8.25M
Jul 22 2025
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
$131 / 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
$31,190
Tax year 2023
Assessed value
$2,522,200
Assessed 2023
Previous assessed
$2,522,200
+0.0% YoY
Effective rate
1.24%
On assessed value
Total market value
$2,522,200
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
Off-Market
Year built
1984
Heating
NONE
Stories
1
Total area
47,228 SF
Lot
6.35 ac (276,606 SF)
Zoning code
B-3
APN
14777901
UPID
US34-0567067
Jurisdiction
FAYETTE
Zoning & alternative use
B-3 · Lexington, KY
Zoning B-3 · permitted uses
B-3 · Lexington, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$9.7M
WAREHOUSE, STORAGE
Est. value
$8.2M
RETAIL STORES
Est. value
$6.7M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
1984
Heating
NONE
Stories
1
Lot
6.35 ac
Current owner
From public records · entity-resolved
333 East Main LLC
Entity
Mailing address
PO BOX 55289, LEXINGTON, KY 40555-5289
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2025
$8,250,018
333 East Main LLC
Fifteen Seventy Five LLC
Deed
$4,026,453 · City National Bank Of West Virginia
Jul 20, 2017
$200,000
1540 Eastland Parkway LLC
Fifteen Seventy Five LLC
Deed
—
Mar 15, 2017
—
Fifteen Seventy Five LLC
—
Deed
related
$3,500,000 · South Central Bk INC
Oct 9, 2015
$2,200,000
Fifteen Seventy Five LLC
P & M Prop LLC
Deed
—
Nov 6, 2008
$3,750,000
P & M Properties LLC
Marshall Investments LLC
Deed
—
Oct 12, 2006
$3,500,000
Marshall Invesments LLC
Winchester Road Venture I LLC
Deed
—
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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