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

    3765 Palomar Ctr Dr Lexington, KY 40513-1145

    • Drive through restaurants
    • 5,579 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimations
    $2,835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0583574
    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

    • McDonald's / Hamburger Restaurant / Restaurant

    Property Details for 3765 Palomar Ctr Dr

    Year built
    1990
    Lot size
    1.18 lot acres
    Property size
    5,579 SF
    Zone code
    B-6P
    Property type
    Drive through restaurants
    APN
    20104880
    APU
    20104880

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,836,000
      Market price range: $1.07M - $2.84M
      AI Estimate
      $2,836,000
      Market price range: $1.07M - $2.84M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,820,000
      Current use
      AUTO REPAIR, GARAGE
      $2,040,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5729
    Latitude
    38.0054
    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
    $48,225
    $0.00
    $0.00
    $3,899,800
    -
    $0.00
    $0.00
    $3,899,800

    Comparable in this City

    • Value Estimation
      $2,175,000
      4,276 SF

      4275 Harrodsburg Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,276 SF
      4275 Harrodsburg Rd, Lexington, KY 40513-1368
      View Details
    • Value Estimation
      $1,405,000
      2,766 SF

      3740 Palomar Ctr Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,766 SF
      3740 Palomar Ctr Dr, Lexington, KY 40513-1144
      View Details
    • Value Estimation
      $2,315,000
      4,810 SF

      3705 Palomar Ctr Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,810 SF
      3705 Palomar Ctr Dr, Lexington, KY 40513-1145
      View Details
    • Value Estimation
      $1,675,000
      3,290 SF

      3775 Palomar Ctr Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,290 SF
      3775 Palomar Ctr Dr, Lexington, KY 40513-1145
      View Details
    • Value Estimation
      $2,220,000
      5,284 SF

      910 Beaumont Ctr Pkwy

      RESTAURANT • 5,284 SF
      910 Beaumont Ctr Pkwy, Lexington, KY 40513-1700
      View Details
    • Value Estimation by Request
      51,509 SF

      4371 Old Harrodsburg Rd

      Restaurants • 51,509 SF
      4371 Old Harrodsburg Rd, Lexington, KY 40513
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Salon/Studio Space in Lexington

      Salon/studio space with private rooms in desirable Lexington location.
      1028 Wellington Way, Lexington, KY 40513
      View Details
    • Contact for pricing

      Fairfield Inn & Suites Lexington

      60-room hotel near Keeneland Airport in Lexington, Kentucky.
      3050 Lakecrest Cir, Lexington, KY 40513
      View Details
    • $3,100,000
      22,536 SF

      Well-Maintained Office Building in Lexington

      Three-story office building in Beaumont Centre with stable income.
      1020 Monarch St, Lexington, KY 40513
      View Details
    • $140,000
      Pending

      Office Unit in Lexington, KY

      Office space with passive income potential in Lexington, KY.
      1031 Wellington Way, Lexington, KY 40513
      View Details
    • Contact for pricing
      22,890 SF

      Renovated Office Condo in Beaumont

      Move-in ready office condo with monument signage included.
      1050 Monarch St, Lexington, KY 40513
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    • $2,200,000

      Residential Development Opportunity on Harrodsburg

      3.27-acre residential development site in Lexington's desirable southwest corridor.
      4145 Harrodsburg Rd, Lexington, KY 40513
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      52,272 SF

      Lexington Retail & Restaurant Opportunity

      Prime Lexington location, flexible space available.
      0 The Fountains At Palomar, Lexington, KY 40513
      View Details
    • $20 SF/Yr
      51,509 SF

      South Elkhorn Village Retail Spaces

      Prime Fayette County retail/restaurant opportunity.
      4371 Old Harrodsburg Rd, Lexington, KY 40513
      View Details
    • $35 SF/Yr
      16,500 SF

      Lexington Retail Center Investment Opportunity

      Prime Lexington retail space, 1,200-5,000 SF available.
      1009-1017 Wellington Way, Lexington, KY 40513
      View Details
    • $25 SF/Yr
      24,420 SF

      Beaumont South Shoppes Retail Space

      Lexington, KY Retail Center - High Traffic!
      3061 Fieldstone Way, Lexington, KY 40513
      View Details
    • Contact for pricing
      74,052 SF

      Lexington Retail Land Opportunity

      1.7 Acres, Prime Lexington Location
      1017 Wellington Way, Lexington, KY 40513
      View Details
    • $6 SF/Yr
      6,033 SF

      Lexington Office Space: HQ KY

      Flexible Office Solutions in Lexington, KY
      1040 Monarch St, Lexington, KY 40513
      View Details

    Property Visit Statistics

    • Visits by month
      51.9k
    • Visitors by month
      25.5k
    • Avg Time on site
      7 min
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    Lexington, KY 40513-1145
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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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