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Financial
Distress signals
Property profile

161 N Limestone Lexington, KY 40507

FOR SALE
Office buildings
Property ID
US34-0658651
4,874 SF 0.05 ac lot Built 1930
Last sale Dec 2018 · $790,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This Class A, three-story building (7,500 total square feet) at 161 N Limestone in Lexington, KY, offers executive suites and coworking spaces for lease. Completely renovated in 2020, this historic 1930 building boasts exposed brick, high ceilings, and abundant natural light. Individual suites range from 144 to 176 square feet, with a total of 495 square feet currently vacant. The third floor, where the suites are located, features hardwood floors, a kitchenette, and two exclusive restrooms…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value$790k
Effective rate1.24%

Value estimate

· Oct 2026
$840k
$756k – $924k
Submarket $/SF estimate$1.44M
NOI build-up
Gross scheduled income$123k
Vacancy & credit loss−$12k
Operating expenses−$42k
NOI · 3.80% cap applied$69k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$207/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$148 – $295
Qualifying comparables4

Cap rate analysis

How does the asset earn?
3.80%
$69k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-2
B-2) zone. Affordable level shall mean eighty (80%) or less of the Lexington-Fayette Urban County area median income (AMI) at the time of...
General categoryMIXED_USE
JurisdictionFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store11.9
Garden Center10.9
Pharmacy10.3

Location

161 N Limestone Lexington, KY 40507
County assessor Recorded deeds · 2 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
252 High, Lexington, KY 40507-1422 $965,000 Jul 2025 7,168 SF
383 Main, Lexington, KY 40507-1501 $1,050,000 May 2025 3,863 SF
209 High, Lexington, KY 40507-1401 $1,055,000 Dec 2022 5,508 SF
145 Rose, Lexington, KY 40507-1424 $1,550,000 May 2022 7,189 SF
227 High, Lexington, KY 40507-1409 $595,000 Oct 2021 3,642 SF
300 Short, Lexington, KY 40507-1204 $212,400 Dec 2019 3,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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