Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

470 NE New Circle Rd 7 Lexington, KY 40505

FOR LEASE
Retail space
Property ID
US34-0441828
10,800 SF 0.84 ac lot Built 1978
Last sale Nov 2022 · $10,342,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
470 NE New Circle Rd,Unit 7, Lexington, KY 40505 For Lease
$15 SF/Yr 1,200 SF available
470 NE New Circle Rd,Unit 7, Lexington, KY 40505
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Property summary

AI-generated overview

This exceptional retail property, located at 470 New Circle Road, offers a prime opportunity for businesses seeking high visibility and accessibility. The single-story building boasts 1,200 square feet of vacant space, perfect for a variety of retail uses. Situated on New Circle Road, this location benefits from significant daily traffic, ensuring maximum exposure for your business. The property is zoned B-3, allowing for a wide range of commercial activities. The space is available for…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$945k
Effective rate1.24%

Value estimate

· Oct 2026
$14.17M
$12.75M – $15.59M
NOI build-up
Gross scheduled income$17k
Vacancy & credit loss−$967
Operating expenses−$5k
NOI · 76,126.67% cap applied$11k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$141/SF
ZIP average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$92 – $212
Qualifying comparables4

Cap rate analysis

How does the asset earn?
76,126.67%
$11k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-3
The intent of this zone is to provide for retail and commercial uses, which are necessary to the economic vitality of the community but m...
General categoryCOMMERCIAL
JurisdictionFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.2
Realty agency11.3
Bakery10.3

Location

470 NE New Circle Rd, Unit 7 Lexington, KY 40505
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1275 Industry, Lexington, KY 40505-3813 $581,500 Feb 2026 5,970 SF
1104 Winchester, Lexington, KY 40505-4029 $600,000 Dec 2023 12,970 SF
597 601st E New Cir, Lexington, KY 40505 $650,000 Nov 2023 8,500 SF
933 Liberty, Lexington, KY 40505-3936 $1,250,000 Jun 2022 11,000 SF
510 New Cir, Lexington, KY 40505-9006 $1,624,750 May 2022 17,247 SF
968 Delaware, Lexington, KY 40505-3910 $5,100,000 Jan 2022 10,686 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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