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Property profile & analytics
OFF-MARKET
Estimated value
$6,650,000
Assisted living facilities
2770 Palumbo Dr Lexington, KY 40509-1232
Entity Owned
4-yr Hold
Free & Clear
Property ID
US34-0468090
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1986
Total area
43,267 SF
Lot
4.96 ac (216,058 SF)
Zoning code
P-1
APN
20030300
UPID
US34-0468090
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
-
Lexington Premier Nursing & Rehab Nursing Home
-
Genesis Rehabilitation Services Rehabilitation Center
-
Brookdale Richmond Place Homestay
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.65M
Owner & transaction history
2770 Palumbo Realty LLC · 4 yrs held
2770 Palumbo Realty LLC
since 2021
Last sale
$6.7M
4 recorded transactions
Zoning & alternative use
P-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$9,010,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,555,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$8,900,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$8,520,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$8,380,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,550,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$6.65M
Range $5.99M – $7.32M · ±10% · vs last sale $6.65M (Oct 20 2021)
Last sale anchor
$6.65M
Oct 20 2021
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
$154 / 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
$82,234
Tax year 2023
Assessed value
$6,650,000
Assessed 2023
Previous assessed
$6,650,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Total market value
$6,650,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1986
Heating
YES
Cooling
WINDOW A/C
Stories
1
Units
60
Total area
43,267 SF
Lot
4.96 ac (216,058 SF)
Zoning code
P-1
APN
20030300
UPID
US34-0468090
Jurisdiction
FAYETTE
Zoning & alternative use
P-1 · Lexington, KY
Zoning P-1 · permitted uses
P-1 · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.6M
MEDICAL BUILDING
Est. value
$8.9M
OFFICE BUILDING
Est. value
$8.5M
RETAIL STORES
Est. value
$8.4M
WAREHOUSE, STORAGE
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1986
Heating
YES
Cooling
Yes
Stories
1
Units
60
Lot
4.96 ac
Current owner
From public records · entity-resolved
2770 Palumbo Realty LLC
Entity
Free & Clear · 4 yrs held
Mailing address
945 N CENTRAL AVE, WOODMERE, NY 11598-1604
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2025
—
2770 Palumbo Realty LLC
—
Deed
related
$3,000,000 · Cibc Bank USA
Sep 10, 2025
—
2770 Paulmbo Realty LLC
—
Deed
related
$50,000,000 · Cibc Bank USA
Oct 20, 2021
$6,650,000
2770 Palumbo Realty LLC
Bkd Richmond Place Propco LLC
Deed
—
Jan 17, 2014
$10,502,900
Bkd Richmond Place Propco LLC
American Retirement Corp
Deed
—
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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