Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    240 Blossom Park Dr Georgetown, KY 40324-8074

    • Medical offices
    • 6,129 SF
    • 0.78 lot acres
    OFF-MARKET
    Value Estimations
    $640,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-1810406
    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

    • Lifetime Family Dental Care / Dental Office
    • Joann E. Hollen, DMD / Dental Office
    • Daryoush Zartoshty, DMD / Dental Office
    • Blossom Park Dental Care / Dental Office
    • kimberly wilkins, DMD / Dental Office

    Property Details for 240 Blossom Park Dr

    Year built
    2003
    Lot size
    0.78 lot acres
    Property size
    6,129 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    189-10-040.000
    APU
    18910040000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $619,000
      Market price range: $142k - $619k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $400,000
      Current use
      RESTAURANT
      $685,000
      Change: +73% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $555,000
      Change: +40% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $460,000
      Change: +16% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Scott
    State
    Kentucky
    Longitude
    -84.5338
    Latitude
    38.2316
    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
    $16,257
    $436,800
    $1,356,200
    $1,793,000
    -
    $436,800
    $1,356,200
    $1,793,000

    Comparable in this City

    • Value Estimation
      $3,065,000
      33,264 SF

      1138 Lexington Rd

      MEDICAL BUILDING • 33,264 SF
      1138 Lexington Rd, Georgetown, KY 40324-9672
      View Details
    • Value Estimation by Request
      1,687 SF

      1502 Oxford Dr

      MEDICAL BUILDING • 1,687 SF
      1502 Oxford Dr, Georgetown, KY 40324-8094
      View Details
    • Value Estimation by Request
      2,600 SF

      Lexington Rd

      MEDICAL BUILDING • 2,600 SF
      Lexington Rd, Georgetown, KY 40324
      View Details
    • Value Estimation by Request
      1,575 SF

      1156 Lexington Rd

      MEDICAL BUILDING • 1,575 SF
      1156 Lexington Rd, Georgetown, KY 40324-8808
      View Details
    • Value Estimation by Request
      3,600 SF

      107 Crosswind Ctr Path

      MEDICAL BUILDING • 3,600 SF
      107 Crosswind Ctr Path, Georgetown, KY 40324-6190
      View Details
    • Value Estimation
      $2,835,000
      32,705 SF

      100 Windsor Path

      MEDICAL BUILDING • 32,705 SF
      100 Windsor Path, Georgetown, KY 40324-9617
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Medical Space in Washington Square

      Medical and retail spaces available in Georgetown's Washington Square.
      1002 South Broadway St, Georgetown, KY 40324
      View Details
    • Contact for pricing

      Retail/Office/Medical Space Near Toyota Plant

      2,930 SF space near Walmart and Toyota plant.
      106 Osborne Way, Georgetown, KY 40324
      View Details
    • Contact for pricing
      9,000 SF

      Class A Georgetown Office Opportunity

      2,598 SF Class A office space near Georgetown Community Hospital.
      198 Bevins Ln, Georgetown, KY 40324
      View Details
    • Contact for pricing
      9,000 SF

      Georgetown Office Build-to-Suit Opportunity

      9,000 SF build-to-suit office opportunity near Georgetown Community Hospital.
      194 Bevins Ln, Georgetown, KY 40324
      View Details
    • Contact for pricing

      Industrial Yard with Office Building

      3-acre industrial yard with 1,593 SF office building.
      335 E Yusen Way, Georgetown, KY 40324
      View Details
    • $200,000
      Pending

      Georgetown Land Ready To Build

      5 acre lot ready for your dream home in Georgetown.
      136 Hyde Park Ln, Georgetown, KY 40324
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      21,000 SF

      Georgetown Medical Office Space

      Prime KY Medical Office: 6,500 SF Available
      150 Mount Vernon Dr, Georgetown, KY 40324
      View Details
    • $2 SF/Yr
      46,485 SF

      Parkview Medical Plaza: Georgetown, KY

      Class A Medical Office Space Available
      1221 Lexington Rd, Georgetown, KY 40324
      View Details
    • Contact for pricing
      9,000 SF

      Landmark Office Center: Georgetown, KY

      Medical Office Space Available: Georgetown, KY
      194 Bevins Ln, Georgetown, KY 40324
      View Details
    • $20 SF/Yr
      9,000 SF

      Georgetown Office Space Available

      Class A Office, 2,598 sq ft, prime location
      198 Bevins Ln, Georgetown, KY 40324
      View Details
    • $20 SF/Yr
      19,415 SF

      Georgetown Medical Office Space

      Class A medical office, 1,687 sq ft available.
      1502 Oxford Dr, Georgetown, KY 40324
      View Details
    • $380 /Mo
      148 SF

      Renovated Office Space in Georgetown

      Executive offices in downtown Georgetown with high ceilings and natural light.
      117 N Broadway St, Georgetown, KY 40324
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    240 Blossom Park Dr
    Georgetown, KY 40324-8074
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!