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Property profile & analytics
OFF-MARKET
Estimated value
$9,235,000
Retail space
2721 Old Rosebud Rd Lexington, KY 40509-7003
Entity Owned
Free & Clear
Property ID
US34-0407614
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
40,326 SF
Lot
4.22 ac (183,867 SF)
Zoning code
B-4
APN
38146510
UPID
US34-0407614
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Forcht Institute of Training Corporate Office
-
Proof Kentucky Newspaper & Magazine Television Studio
-
My Favorite Things Furniture & Home Goods Home Decor Store
-
First Media Lexington Marketing & Advertising Advertising Agency
-
Summit Guide Newspaper & Magazine Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.25M
Blend (final)
Blend
$9.24M
Owner & transaction history
OLD ROSEBUD LLC
OLD ROSEBUD LLC
Zoning & alternative use
B-4 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.7M
+88.1%
Restaurant
$13.2M
+67.9%
Commercial (general)
$9.0M
+14.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,835,000
Current use
AUTO REPAIR, GARAGE
$14,740,000
Change: +88% · Conversion: Difficult
RESTAURANT
$13,160,000
Change: +68% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,950,000
Change: +14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,905,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$8,295,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$7,940,000
Change: +1% · Conversion: Easy
WAREHOUSE, STORAGE
$7,040,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$9.24M
Range $8.31M – $10.16M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$229 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$76,004
Tax year 2023
Assessed value
$6,146,200
Assessed 2023
Previous assessed
$4,819,600
+27.5% YoY
Effective rate
1.24%
On assessed value
Total market value
$6,146,200
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
WINDOW A/C
Stories
1
Units
1
Total area
40,326 SF
Lot
4.22 ac (183,867 SF)
Zoning code
B-4
APN
38146510
UPID
US34-0407614
Jurisdiction
FAYETTE
Zoning & alternative use
B-4 · Lexington, KY
Zoning B-4 · permitted uses
B-4 · Lexington, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$14.7M
RESTAURANT
Est. value
$13.2M
COMMERCIAL (GENERAL)
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$8.3M
OFFICE BUILDING
Est. value
$7.9M
WAREHOUSE, STORAGE
Est. value
$7.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
4.22 ac
Current owner
From public records · entity-resolved
OLD ROSEBUD LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1450, CORBIN, KY 40702-1450
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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