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    Property profile & analytics

    247 Stone Ave, Unit 249 Lexington, KY 40508-2629

    • Residential income homes
    • 3,000 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $5,135,000
    Last Sale
    Feb 29, 2024
    $5,150,000
    Location Intelligence
    Property ID
    US34-0599081
    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

    • Residential income homes

    Property Details for 247 Stone Ave

    Year built
    1925
    Lot size
    0.17 lot acres
    Property size
    3,000 SF
    Zone code
    R-4
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    14335100
    APU
    14335100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,150,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,965,000
      6.5%
      $5,050,000
      7%
      $5,595,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,820,000
      Geo Method
      $5,420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,445,000
      Retail
      $5,240,000
      Mixed-Use
      $4,805,000
      Hospitality
      $4,975,000
      Educational
      $4,530,000
      Residential Income
      $5,435,000
      Energy
      $5,470,000
      Income-Based Land
      $5,195,000
      Food Service
      $4,380,000

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4976
    Latitude
    38.0411
    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
    $5,132
    $0.00
    $0.00
    $415,000
    -
    $0.00
    $0.00
    $415,000

    Comparable in this City

    • Value Estimation by Request
      4,250 SF

      127 129th W 5th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,250 SF
      127 129th W 5th St, Lexington, KY 40508
      View Details
    • Value Estimation by Request
      8,555 SF

      453 3rd St

      APARTMENT HOUSE (UNDER 5 UNITS) • 8,555 SF
      453 3rd St, Lexington, KY 40508-3500
      View Details
    • Value Estimation by Request
      984 SF

      155 Transcript Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 984 SF
      155 Transcript Ave, Lexington, KY 40508-3506
      View Details
    • Value Estimation by Request
      1,823 SF

      414 Merino St, Unit 416

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,823 SF
      414 Merino St, Lexington, KY 40508-1794
      View Details
    • Value Estimation by Request
      3,700 SF

      631 Murphys Run

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,700 SF
      631 Murphys Run, Lexington, KY 40508-9032
      View Details
    • Value Estimation by Request
      4,335 SF

      422 Limestone

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,335 SF
      422 Limestone, Lexington, KY 40508-1846
      View Details

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    247 Stone Ave, Unit 249
    Lexington, KY 40508-2629
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    Realmo Value Estimation

    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.

    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.

    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
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