Property profile

3600 Palomar Ctr Dr Lexington, KY 40513

OFF-MARKET
Other sports & entertainment properties
Property ID
US34-0537563
5,495 SF 0.95 ac lot Built 2018
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This single-tenant restaurant building is located in the Palomar Centre shopping area on Harrodsburg Road. The property comprises 5,715 square feet situated on a 0.475-acre lot and is positioned within a retail and residential hub that includes anchor retailers such as Walmart and Publix. The site is configured for full-service food and beverage use and features a contemporary interior atmosphere with a fireplace and outdoor seating. Nearby retail and service users include national and local tenants such as Chase, Bank of America, Panera, McDonald’s, Qdoba, Starbucks, and CHI Saint Joseph Health. Vehicle traffic patterns in the immediate area include counts of 31,820 CPD at the US 68 crossing of Harrodsburg Road and 31,626 CPD at Harrodsburg Road crossing Man O’ War Boulevard. The property has historically operated as a Southwest-inspired restaurant offering steaks and seafood, along with an extensive craft beer selection. The building is held under a net lease arrangement structured for tenant responsibility for operating costs and is supported by a primary lease term with additional tenant option periods.

Property profile

Verified
Property type Other sports & entertainment properties
Use group RECREATIONAL, ENTERTAINMENT
Year built 2018
Total area 5,495 SF
Lot 0.95 ac (41,382 SF)
Zoning code B-1
APN 38174270
UPID US34-0537563

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Veterinary Clinic
  • Veterinary Clinic

Location

3600 Palomar Ctr Dr Lexington, KY 40513-1153
Lexington metro Census 4208 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.35M

Owner & transaction history

since 2017
5 recorded transactions
2026
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2017
$1.4M

Zoning & alternative use

B-1 · Lexington, KY
Zoning description

2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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