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    Property profile & analytics

    480 2nd St Lexington, KY 40507-1055

    • Office buildings
    • 1,440 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 27, 2023
    Location Intelligence
    Property ID
    US34-0592630
    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

    • Office buildings

    Property Details for 480 2nd St

    Year built
    1950
    Lot size
    0.12 lot acres
    Property size
    1,440 SF
    Zone code
    B-1
    Property type
    Office buildings
    APN
    13082900
    APU
    13082900

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5005
    Latitude
    38.0532
    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
    $1,034
    $0.00
    $0.00
    $130,000
    -
    $0.00
    $0.00
    $130,000

    Comparable in this City

    • Value Estimation by Request
      2,530 SF

      226 High St

      OFFICE BUILDING • 2,530 SF
      226 High St, Lexington, KY 40507-1420
      View Details
    • Value Estimation by Request
      6,688 SF

      277 High St

      OFFICE BUILDING • 6,688 SF
      277 High St, Lexington, KY 40507-1421
      View Details
    • Value Estimation by Request
      1,272 SF

      337 High St

      OFFICE BUILDING • 1,272 SF
      337 High St, Lexington, KY 40507-1509
      View Details
    • Value Estimation by Request
      3,404 SF

      230 Limestone

      OFFICE BUILDING • 3,404 SF
      230 Limestone, Lexington, KY 40507-1027
      View Details
    • Value Estimation by Request
      5,628 SF

      145 Constitution St

      OFFICE BUILDING • 5,628 SF
      145 Constitution St, Lexington, KY 40507-2112
      View Details
    • Value Estimation by Request
      70,994 SF

      101 Vine St

      OFFICE BUILDING • 70,994 SF
      101 Vine St, Lexington, KY 40507-1459
      View Details

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    Similar Nearby for Lease

    • $19 SF/Yr
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      Class A Office Space Available

      Premier Lexington office space with connected parking and on-site security.
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    • $19 SF/Yr
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      Class-A Office Space Available

      Class-A office asset in Lexington, featuring connected parking garage.
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    • $20 SF/Yr
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      Class A Office Asset

      Class A office building with connected parking garage and on-site security.
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    • $19 SF/Yr
      5,966 SF

      Class-A Office Space Available

      Class-A office asset in Lexington, featuring connected parking garage.
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    • $19 SF/Yr
      14,826 SF

      Class A Office Space Available

      Premier Lexington office building with connected parking and on-site security.
      333 W Vine St, Lexington, KY 40507
      View Details
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    480 2nd St
    Lexington, KY 40507-1055
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    Realmo Value Estimation

    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.

    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.

    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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