Property profile

2560 Palumbo Dr 140 Lexington, KY 40509

FOR LEASE
Office buildings
Saved · see the list in your Dashboard
Property ID
US34-0528043
19,448 SF 1.03 ac Built 1980
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon
2560 Palumbo Dr,Unit 140, Lexington, KY 40509 For Lease
$8 SF/Yr 4,772 SF available
2560 Palumbo Dr,Unit 140, Lexington, KY 40509
View Listing

Property summary

AI-generated overview

Located at 2560 Palumbo Drive in Lexington, Kentucky, this flex/industrial property comprises a 19,200 SF concrete block facility on 1.03 acres and was constructed in 1980. The building is zoned I-1 (Light Industrial) and includes available space in Suite 140 totaling 4,772 SF, consisting of 1,088 SF of office and 3,687 SF of warehouse area. The office portion contains three private offices, an open lobby/office area, and a restroom. The warehouse area includes a warehouse office, a storage…

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?
$11k
Tax billed · 2023
Assessed value$920k
Effective rate1.24%

Value estimate

· Nov 2026
$595k
$536k – $655k
Submarket $/SF estimate$2.52M
NOI build-up
Gross scheduled income$46k
Vacancy & credit loss−$3k
Operating expenses−$15k
NOI$28k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$197/SF
ZIP average, outlier-cleaned · 76 recorded sales of this use type
Observed band · Q1–Q3$130 – $282
Qualifying comparables4

Cap rate analysis

How does the asset earn?
$28k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service16.3
Wholesale Shop15.7
Auto Parts Store15.1

Location

2560 Palumbo Dr, Unit 140 Lexington, KY 40509
County assessor Recorded deeds · not on file 4 qualifying comp sales 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
2421 Fortune, Lexington, KY 40509-4126 $5,000,018 Jul 2025 25,063 SF
2416 Sir Barton, Lexington, KY 40509-2518 $2,865,000 Mar 2024 25,500 SF
2900 Palumbo, Lexington, KY 40509-1253 $5,979,400 Mar 2023 24,642 SF
131 Eagle Crk, Lexington, KY 40509-1806 $3,200,000 Aug 2021 13,494 SF
2452 Sir Barton, Lexington, KY 40509-2549 $3,350,000 Jun 2019 25,752 SF
2517 Sir Barton, Lexington, KY 40509-2744 $181,000 Apr 2019 23,328 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?
Saved