Property profile

243 2nd St Lexington, KY 40507

OFF-MARKET
Office buildings
Property ID
US34-0636268
1,449 SF 0.12 ac lot Built 1900
Individually Owned 1-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Total area 1,449 SF
Lot 0.12 ac (5,371 SF)
Zoning code B-2A
APN 15009752
UPID US34-0636268

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

243 2nd St Lexington, KY 40507-2103
Lexington metro Census 101 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Zoning & alternative use

B-2A · Lexington, KY
Zoning description

(c) In the Downtown Business Frame (B-2A) zone, where at least fifty (50%) percent of dwelling units of a lot are being provided at an affordable level, developments shall be granted an affordable housing bonus in use, s…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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