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Financial
Distress signals
Property profile

254 New Cir Rd Lexington, KY 40505

OFF-MARKET
Retail space
Property ID
US34-0503705
15,048 SF 2.19 ac lot Built 2000
Last sale Jul 2026 · $1,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A free-standing retail building totaling 15,048 square feet on a 2.19-acre site. Originally constructed for Walgreens, the building includes a drive-thru lane and supports pylon signage. The property is located on New Circle Road with frontage that provides high traffic exposure, with a stated average daily traffic count of 36,658 vehicles per day. It sits within an established retail corridor near major national tenants including Dutch Bros Coffee, Chick-fil-A, Panda Express, Bank of America,…

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?
$35k
Tax billed · 2023
Assessed value$2.87M
Effective rate1.24%

Value estimate

· Oct 2026
$3.89M
$3.50M – $4.27M
CAP approach$2.21M
Submarket $/SF estimate$3.19M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$141/SF
ZIP average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$92 – $212

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-3
The intent of this zone is to provide for retail and commercial uses, which are necessary to the economic vitality of the community but m...
General categoryCOMMERCIAL
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 agency32.0
Law Firm24.9
Dental Office22.9

Location

254 New Cir Rd Lexington, KY 40505-2117
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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1275 Industry, Lexington, KY 40505-3813 $581,500 Feb 2026 5,970 SF
1104 Winchester, Lexington, KY 40505-4029 $600,000 Dec 2023 12,970 SF
597 601st E New Cir, Lexington, KY 40505 $650,000 Nov 2023 8,500 SF
2009 Family, Lexington, KY 40505-4167 $10,342,000 Nov 2022 21,600 SF
933 Liberty, Lexington, KY 40505-3936 $1,250,000 Jun 2022 11,000 SF
510 New Cir, Lexington, KY 40505-9006 $1,624,750 May 2022 17,247 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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