Property profile

1987 Broadway Lexington, KY 40505

OFF-MARKET
Hotels
Saved see the list in your Dashboard
Property ID
US34-0548146
47,506 SF 5.8 ac Built 1966
Last sale Jul 2025·$1,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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?
$31k
Tax billed · 2023
Assessed value$2.50M
Effective rate1.24%

Value estimate

· Nov 2026
$4.95M
$4.45M – $5.44M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-5P
Article 11 - INTERCHANGE SERVICE BUSINESS (B-5P) ZONE Share Download Bookmark Print Sec. 11-1. - Intent. The intent of this zone is to pe...
General categoryCOMMERCIAL
JurisdictionFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply29.3
Law Firm28.1
Dental Office27.1

Location

1987 Broadway Lexington, KY 40505-1539
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2211 Elkhorn, Lexington, KY 40505-4837 $2,520,000 Nov 2024 49,744 SF
2251 Elkhorn, Lexington, KY 40505-4813 $5,750,000 Dec 2023 64,109 SF
2297 Executive, Lexington, KY 40505-4809 $3,750,000 Nov 2023 32,664 SF
1980 Haggard, Lexington, KY 40505-1534 $3,700,000 Jul 2020 17,184 SF
2221 Elkhorn, Lexington, KY 40505-4837 $2,550,000 Nov 2019 29,202 SF
2260 Elkhorn, Lexington, KY 40505-4842 $3,200,000 Aug 2019 11,800 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
You own 1987 Broadway?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Why this one?