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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Residential income homes
311 Sycamore Rd Lexington, KY 40502-1865
Entity Owned
3-yr Hold
Free & Clear
Property ID
US34-0095024
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1934
Total area
5,310 SF
Lot
0.24 ac (10,498 SF)
Zoning code
R-2
APN
16351400
UPID
US34-0095024
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$437k
Blend (final)
Blend
$530k
Owner & transaction history
Burton Properties LLC · 3 yrs held
Burton Properties LLC
since 2023
Last sale
$552,500
4 recorded transactions
Zoning & alternative use
R-2 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$665,000
Current use
Blend value · Realmo final
$530k
Range $311k – $541k · vs last sale $553k (Apr 26 2023)
Last sale anchor
$553k
Apr 26 2023
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
$100 / 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
$3,710
Tax year 2023
Assessed value
$300,000
Assessed 2023
Previous assessed
$300,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Total market value
$300,000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1934
Heating
NONE
Cooling
WINDOW A/C
Stories
2
Units
4
Total area
5,310 SF
Lot
0.24 ac (10,498 SF)
Zoning code
R-2
APN
16351400
UPID
US34-0095024
Jurisdiction
FAYETTE
Zoning & alternative use
R-2 · Lexington, KY
Zoning R-2 · permitted uses
R-2 · 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) Current
Est. value
$665,000
APARTMENT HOUSE (5+ UNITS) Current
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
1934
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Lot
0.24 ac
Current owner
From public records · entity-resolved
Burton Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2109 BRIDGEPORT DR, LEXINGTON, KY 40502-2613
Ownership since
2023
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
Apr 26, 2023
—
Burton Properties LLC
David H Burton
Intrafamily Transfer
related
—
Aug 12, 2009
$552,500
David H Burton
Elma D Sharp Irrevocable Family Tr
Deed
$552,500 · Peoples Exchange Bank
Jan 30, 2009
$10,000
Michael F Trust Reynolds
Tamara Lynn Deweese
Deed
—
Jan 30, 2009
$270,000
Michael F Trust Reynolds
Elma Sharp
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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