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Property profile & analytics
OFF-MARKET
Estimated value
$11,645,000
Assisted living facilities
2020 Cambridge Dr Lexington, KY 40504-1912
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US34-0453410
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1976
Total area
36,660 SF
Lot
2.57 ac (111,949 SF)
Zoning code
R-3
APN
16691400
UPID
US34-0453410
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
-
Cambridge Nursing & Rehabilitation Center Nursing Home
-
Lori Hall Physician
-
Parenti Anthony J MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.65M
Owner & transaction history
Cambridge Operations LLC · 1 yrs held
Cambridge Operations LLC
since 2025
6 recorded transactions
Zoning & alternative use
R-3 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
, B-2, B-2A, B-2B, B-3, B-4, B-5P, B-6P or CC zone. Zone, industrial, means an I-1, I-2 or ED zone. Zone, mixed use, means an MU-1, MU-2 or MU-3 zone. Zone, residential, means an R-1A, R-1B, R-1C, R-1D, R-1E, R-1T, R-2, R-3, R-4, R-5, EAR-1, EAR-2, EAR-3 or PUD-1 zone. Zoological garden means a park-like area in which live animals are kept in cages or large…
Zone name
Planned Neighborhood Residential
General category
RESIDENTIAL
Zone area
7,028.22 ac
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
$11,645,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$13,240,000
Change: 0% · Conversion: Difficult
RESTAURANT
$11,960,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,095,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$7,540,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$7,100,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$11.65M
Range $10.48M – $12.81M · ±10%
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
$318 / 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
$81,700
Tax year 2023
Assessed value
$6,606,800
Assessed 2023
Previous assessed
$6,606,800
+0.0% YoY
Effective rate
1.24%
On assessed value
Total market value
$6,606,800
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1976
Heating
NONE
Cooling
WINDOW A/C
Stories
1
Units
60
Total area
36,660 SF
Lot
2.57 ac (111,949 SF)
Zoning code
R-3
APN
16691400
UPID
US34-0453410
Jurisdiction
FAYETTE
Zoning & alternative use
R-3 · Lexington, KYZoning R-3 · permitted uses
R-3 · Lexington, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
, B-2, B-2A, B-2B, B-3, B-4, B-5P, B-6P or CC zone. Zone, industrial, means an I-1, I-2 or ED zone. Zone, mixed use, means an MU-1, MU-2 or MU-3 zone. Zone, residential, means an R-1A, R-1B, R-1C, R-1D, R-1E, R-1T, R-2, R-3, R-4, R-5, EAR-1, EAR-2, EAR-3 or PUD-1 zone. Zoological garden means a park-like area in which live animals are kept in cages or large enclosures for public exhibition. (Code 1983, 1-11; Ord. No. 263-83, § 1, 12-15-198
Zone name
Planned Neighborhood Residential
General category
RESIDENTIAL
Zone area
7,028.22 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$13.2M
RESTAURANT
Est. value
$12.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.1M
MEDICAL BUILDING
Est. value
$7.5M
RETAIL STORES
Est. value
$7.1M
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1976
Heating
NONE
Cooling
Yes
Stories
1
Units
60
Lot
2.57 ac
Current owner
From public records · entity-resolved
Cambridge Operations LLC
Entity
Mailing address
300 PROVIDER CT, LEXINGTON, KY 40504
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
Apr 9, 2025
—
Cambridge Operations LLC
Cambridge Property LLC
Deed
$18,500,000 · Vium Capital Investments LLC
May 5, 2023
$8,000,000
Cambridge Property LLC
Cambridge Place Properties LLC
Warranty Deed
$9,000,000 · Bravo Bridge Fund LLC
Feb 7, 2019
—
Cambridge Place Prop LLC
—
Deed
related
$800,000 · First Advantage Bk
Apr 5, 2018
—
Cambridge Place Prop LLC
—
Deed
related
$2,500,000 · Frances, Danny
Oct 6, 2017
—
Cambridge Place Prop LLC
—
Deed
related
$6,300,000 · First Advantage Bk
Mar 8, 2011
$5,745,000
Cambridge Place Prop LLC
Cambridge Inv 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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