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Financial
Distress signals
Property profile

2428 Palumbo Dr Lexington, KY 40509

OFF-MARKET
Retail space
Property ID
US34-0613508
19,320 SF 1.03 ac lot Built 1975
Last sale Jun 2009 · $4,756,600
Entity Owned Owner of record is a legal entity (LLC / corporation). 17-yr Hold Held for 17 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

2428 Palumbo Drive Unit 120 is a flex/industrial suite in a concrete block building originally constructed in 1975 and renovated in 2012. The suite is approximately 35% office and 65% warehouse and includes two private offices, an open office area, one restroom, and a warehouse space configured for practical operational use. Building and suite features include fluorescent lighting, approximately 16' clear height, 3-phase electric service, and a 10' x 12' drive-in door for access. The property…

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$817k
Effective rate1.24%

Value estimate

· Oct 2026
$445k
$401k – $490k
Submarket $/SF estimate$2.09M

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?
I-1
I-1 or I-2 zone. Home occupation means a gainful occupation or profession carried on in a residence that does not involve customer or cli...
General categoryINDUSTRIAL
JurisdictionFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency38.5
Dental Office29.6
Law Firm23.5

Location

2428 Palumbo Dr Lexington, KY 40509-1164
County assessor Recorded deeds · 1 transfer 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3450 Todds, Lexington, KY 40509-9494 $1,857,000 Dec 2023 18,722 SF
3080 Richmond, Lexington, KY 40509-1507 $3,640,000 Apr 2022 15,444 SF
2049 Bryant, Lexington, KY 40509-9427 $2,724,700 Apr 2021 33,520 SF
2430 Palumbo, Lexington, KY 40509-1166 $1,702,030 Jul 2020 19,320 SF
381 Codell, Lexington, KY 40509-1065 $17,650,000 Apr 2020 13,520 SF
3146 Mapleleaf, Lexington, KY 40509-1258 $220,000 Jul 2019 12,528 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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