Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3051 Rio Dosa Dr Lexington, KY 40509-1545
    Property profile & analytics

    3051 Rio Dosa Dr, Lexington, KY 40509-1545

    View on Map
    • Assisted living facilities
    • 263,835 SF
    • 13.44 lot acres
    Off-Market
    Last Sale Nov 12, 2024
    Property ID
    US34-0511277
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Richmond Place / Nursing Home / Retirement Community
    • Miss Leah Anderson / Physician

    Property Details for 3051 Rio Dosa Dr

    Year built
    1983
    Lot size
    13.44 lot acres
    Zone code
    R-3
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    23342402
    APU
    23342402

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4409
    Latitude
    38.0066
    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
    $232,246
    $0.00
    $0.00
    $18,781,000
    -
    $0.00
    $0.00
    $18,781,000

    Comparable in this City

    • Value Estimation by Request
      12,179 SF

      3197 Rio Dosa Dr

      HOMES (RETIRED, NURSING)
      3197 Rio Dosa Dr, Lexington, KY 40509-1736
      View Details
    • Value Estimation
      $6,650,000
      43,267 SF

      2770 Palumbo Dr

      HOMES (RETIRED, NURSING)
      2770 Palumbo Dr, Lexington, KY 40509-1232
      View Details
    • Value Estimation by Request
      124,010 SF

      1825 Little Herb Way

      HOMES (RETIRED, NURSING)
      1825 Little Herb Way, Lexington, KY 40509-8688
      View Details
    • Value Estimation by Request
      13,396 SF

      2109 Cornerstone Dr

      HOMES (RETIRED, NURSING)
      2109 Cornerstone Dr, Lexington, KY 40509-4142
      View Details
    • Value Estimation by Request
      61,332 SF

      2531 Old Rosebud Rd

      HOMES (RETIRED, NURSING)
      2531 Old Rosebud Rd, Lexington, KY 40509-4574
      View Details
    • Value Estimation by Request
      4,336 SF

      2100 Liberty Rd

      HOMES (RETIRED, NURSING)
      2100 Liberty Rd, Lexington, KY 40509-4319
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,271 SF

      Medical/Office Building in Lexington, KY

      21,271 SF medical/office building in established healthcare corridor.
      3288 Eagle View Ln, Lexington, KY 40509
      View Details
    • Contact for pricing

      Hamburg Pavilion Office Suites

      Two office suites in a premier shopping and business destination.
      2452 Sir Barton Way, Lexington, KY 40509
      View Details
    • $275,000
      0.38 Acres

      Residential Lot in Andover Estates

      Gently rolling lot in gated Lexington subdivision, ready for building.
      563 Gingermill Ln, Lexington, KY 40509
      View Details
    • Contact for pricing
      1,666 SF

      Hamburg Office Condo For Sale

      Professional office condo in Lexington's Hamburg Business Center.
      2700 Old Rosebud Rd, Lexington, KY 40509
      View Details
    • $6,306,524
      7,755 SF

      Lexington Retail Center Investment

      Prime Lexington retail, 100% occupied, strong tenants.
      2887 Richmond Rd, Lexington, KY 40509
      View Details
    • Contact for pricing
      3,500 SF

      Equipped Restaurant Building in Lexington

      3,500 SF restaurant with fully equipped kitchen for sale.
      3280 Eagle View Ln, Lexington, KY 40509
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,000 SF

      Salon Space For Rent

      Renovated salon space with plumbing in Lexington, Kentucky.
      3128 Richmond Rd, Lexington, KY 40509
      View Details
    • Contact for pricing

      Renovated Office Space in Lexington

      Modern office suite near Hamburg Pavillion, ideal for professionals.
      1721 Fortune Ct, Lexington, KY 40509
      View Details
    • $25 SF/Yr
      36,000 SF

      Retail Center in Lexington, KY

      Retail spaces available for lease in Lexington, Kentucky.
      2860 Richmond Rd, Lexington, KY 40509
      View Details
    • $900 /Mo
      834 SF

      Lexington Office Unit For Rent

      Lower level office unit with kitchenette and half bath.
      141 Prosperous Pl, Lexington, KY 40509
      View Details
    • $19 SF/Yr
      4,105 SF

      Hamburg Office Space For Lease

      4,105 SF Lexington office space near Hamburg Pavilion.
      2720 Old Rosebud Rd, Lexington, KY 40509
      View Details
    • Contact for pricing

      Community Shopping Center For Rent

      Community shopping center with high traffic and excellent visibility.
      1555 E New Circle Rd, Lexington, KY 40509
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3051 Rio Dosa Dr
    Lexington, KY 40509-1545
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3051 Rio Dosa Dr, Lexington, KY, 40509
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!