Financial
Distress signals
Property profile

242 Southland Dr Lexington, KY 40503

OFF-MARKET
Retail space
Property ID
US34-0080883
2,975 SF 0.21 ac lot Built 1958
Last sale Jan 2020 · $257,900
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
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. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$353k
Effective rate1.24%

Value estimate

· Sep 2026
$205k
$185k – $226k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$194/SF
Submarket average, outlier-cleaned · 114 recorded sales of this use type
Observed band · Q1–Q3$108 – $298

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-1
The intent of this zone is to accommodate neighborhood shopping facilities to serve the needs of the surrounding residential area
General categoryCOMMERCIAL
JurisdictionFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.1
Parking Facility13.3
Wholesale Shop12.7

Location

242 Southland Dr Lexington, KY 40503-1933
County assessor Recorded deeds · 4 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2197 Nicholasville, Lexington, KY 40503-2501 $1,450,000 May 2024 2,504 SF
2304 Norman, Lexington, KY 40503-2456 $2,150,000 May 2023 4,052 SF
3517 Nicholasville, Lexington, KY 40503-3612 $3,488,800 Mar 2022 2,472 SF
345 Ruccio, Lexington, KY 40503-3585 $1,075,037 Sep 2021 3,645 SF
634 Delzan, Lexington, KY 40503-3504 $350,000 Dec 2019 3,000 SF
79 Southport, Lexington, KY 40503-1818 $213,550 Sep 2019 2,184 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 242 Southland Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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