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Property profile & analytics
OFF-MARKET
Estimated value
$7,485,000
Medical Office Space
3581 Harrodsburg Rd Lexington, KY 40513-1140
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US34-0105699
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Total area
26,400 SF
Lot
1.73 ac (75,141 SF)
Zoning code
P-1
APN
21731700
UPID
US34-0105699
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
-
Kimberly Myers, APRN Physician
-
Brian Kelty, MD Physician
-
CHI Saint Joseph Medical Group - Primary Care Physician
-
Rick McClung JR., LCSW, MDIV Physician Medical Clinic
-
Benjamin Thomas Neltner Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.48M
Blend (final)
Blend
$7.49M
Owner & transaction history
Mmac 150 Lex Ky LLC · 6 yrs held
Mmac 150 Lex Ky LLC
since 2019
6 recorded transactions
Zoning & alternative use
P-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.7M
+77.7%
Restaurant
$8.6M
+58.7%
Commercial (general)
$5.9M
+7.9%
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
MEDICAL BUILDING
$5,430,000
Current use
AUTO REPAIR, GARAGE
$9,650,000
Change: +78% · Conversion: Difficult
RESTAURANT
$8,615,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,860,000
Change: +8% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,830,000
Change: +7% · Conversion: Moderate
RETAIL STORES
$5,130,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,610,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$7.49M
Range $6.74M – $8.23M · ±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
$284 / 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
$97,243
Tax year 2023
Assessed value
$9,100,000
Assessed 2023
Previous assessed
$9,100,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Total market value
$9,100,000
Applied tax rate
2.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2018
Heating
STEAM
Cooling
CENTRAL
Stories
2
Bathrooms
4
Total area
26,400 SF
Lot
1.73 ac (75,141 SF)
Zoning code
P-1
APN
21731700
UPID
US34-0105699
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
MEDICAL BUILDING Current
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$9.7M
RESTAURANT
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
RETAIL STORES
Est. value
$5.1M
WAREHOUSE, STORAGE
Est. value
$4.6M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2018
Heating
STEAM
Cooling
Yes
Stories
2
Bathrooms
4
Lot
1.73 ac
Current owner
From public records · entity-resolved
Mmac 150 Lex Ky LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2026
—
Mmac 150 Lexington Ky LLC
—
Deed
related
$137,700,000 · Capital One NA
Jan 31, 2020
—
Mmac 150 Lex Ky LLC
—
Deed
related
$45,203,822 · Capital One NA-agent
Dec 26, 2019
$9,450,000
Mmac 150 Lex Ky LLC
Beaumont Med Prop LLC
Deed
$36,209,000 · Capital One NA-agent
Mar 24, 2017
$1,200,000
Beaumont Med Prop LLC
Solar Eclipse LLC
Deed
$100,000 · Farmers Natl Bk Of Danville
Dec 12, 2013
$950,000
Solar Eclipse LLC
Suzanne P Trust Dozier
Deed
—
Jul 20, 2009
$750,000
Inter Vivos Tr Of Suzanne P Dozier
Suzanne P Dozier
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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