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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3469 Buckhorn Dr Lexington, KY 40515-1015

    • Grocery and convenience stores
    • 2,920 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimations
    $1,105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0466968
    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.

    Current Use by Public Records

    • Shell / Gas Station
    • Circle K / Gas Station / Atm
    • Cardtronics ATM / Atm
    • Bitcoin Depot | Bitcoin ATM / Atm / Crypto Atm

    Property Details for 3469 Buckhorn Dr

    Year built
    1984
    Lot size
    0.62 lot acres
    Property size
    2,920 SF
    Zone code
    B-6P
    Property type
    Grocery and convenience stores
    APN
    20013780
    APU
    20013780

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,102,000
      Market price range: $1.10M - $3.07M
      AI Estimate
      $1,102,000
      Market price range: $1.10M - $3.07M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,055,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.459
    Latitude
    37.9765
    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
    $5,032
    $0.00
    $0.00
    $406,900
    -
    $0.00
    $0.00
    $406,900

    Comparable in this City

    • Value Estimation
      $1,175,000
      3,111 SF

      464 Squires Rd

      CONVENIENCE STORE • 3,111 SF
      464 Squires Rd, Lexington, KY 40515-5609
      View Details
    • Value Estimation
      $1,370,000
      7,990 SF

      4740 Hartland Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 7,990 SF
      4740 Hartland Pkwy, Lexington, KY 40515-1577
      View Details
    • Value Estimation
      $3,100,000
      28,680 SF

      6270 Athens Walnut Hl Pike

      RETAIL STORES (PERSONAL SERVICES) • 28,680 SF
      6270 Athens Walnut Hl Pike, Lexington, KY 40515-9755
      View Details
    • Value Estimation
      $1,425,000
      11,858 SF

      3439 Buckhorn Dr

      RETAIL STORES (PERSONAL SERVICES) • 11,858 SF
      3439 Buckhorn Dr, Lexington, KY 40515-1716
      View Details
    • Value Estimation
      $1,040,000
      3,500 SF

      4250 Saron Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      4250 Saron Dr, Lexington, KY 40515-6483
      View Details
    • Value Estimation
      $1,435,000
      11,952 SF

      3429 Buckhorn Dr

      RETAIL STORES (PERSONAL SERVICES) • 11,952 SF
      3429 Buckhorn Dr, Lexington, KY 40515-1711
      View Details

    Similar Nearby for Sale

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      Renovated Farmhouse on Scenic Acres

      Move-in-ready farm with modern luxury on picturesque road.
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      Secluded Wooded Lot Near Lexington

      10-acre wooded lot in Southern Fayette County, near Lexington.
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      Lexington Land Near Kentucky River

      10.69 acres of wooded land with Kentucky River frontage.
      4136 Kentucky River Pkwy, Lexington, KY 40515
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    • $72,000
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      Vacant Land in Lexington, KY

      Vacant lot with utilities, ready for development or dream home.
      8827 Beach Rd, Lexington, KY 40515
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    Similar Nearby for Lease

    • $1,164 /Mo
      776 SF

      Modern Office Space in Lexington

      Modern office space with high-end finishes and ample parking.
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      View Details
    • New
      $1,812 /Mo
      1,208 SF

      Modern Office Space in Lexington

      Move-in ready office space with modern finishes and ample parking.
      1092 Duval St, Lexington, KY 40515
      View Details
    • $15 SF/Yr
      1 SF

      Versatile Multi-Use Space Available

      Adaptable space for offices, meetings, education, daycare, and more.
      1139 Tanbark Rd, Lexington, KY 40515
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    • $1,000 /Mo
      217,800 SF

      Equestrian Property with Four-Stall Barn

      Horse property for rent featuring a four-stall barn.
      5121 Jacks Creek Pike, Lexington, KY 40515
      View Details
    • New
      $1,475 /Mo
      1,100 SF

      Modern Office Space in Lexington

      Move-in ready office space with high-end finishes and ample parking.
      1096 Duval St, Lexington, KY 40515
      View Details

    Property Visit Statistics

    • Visits by month
      15.4k
    • Visitors by month
      8.7k
    • Avg Time on site
      7 min
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    3469 Buckhorn Dr
    Lexington, KY 40515-1015
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    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
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