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    Property profile & analytics

    481 New Cir Rd Lexington, KY 40511-1848

    • Strip malls
    • 19,762 SF
    • 2.29 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US34-0424605
    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

    • Discoteca Aguascalientis / Music Store
    • Family Dollar / School Supply Store / Tobacco Shop
    • Panchitos Ice Cream / Ice Cream Shop
    • Rj Custom Jewelry / Jewelry Store
    • Panaderia Araceli's / Araceli's Bakery / Bakery

    Property Details for 481 New Cir Rd

    Year built
    2015
    Lot size
    2.29 lot acres
    Property size
    19,762 SF
    Zone code
    B-3
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    15521300
    APU
    15521300

    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
    -84.4787
    Latitude
    38.073
    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
    $27,205
    $0.00
    $0.00
    $2,200,000
    -
    $0.00
    $0.00
    $2,200,000

    Comparable in this City

    • Value Estimation by Request
      8,424 SF

      680 Lima Dr

      SHOPPING CENTER, STRIP CENTER • 8,424 SF
      680 Lima Dr, Lexington, KY 40511-2293
      View Details
    • Value Estimation by Request
      10,848 SF

      407 409th W New Cir Rd

      SHOPPING CENTER, STRIP CENTER • 10,848 SF
      407 409th W New Cir Rd, Lexington, KY 40511
      View Details
    • Value Estimation by Request
      11,200 SF

      524 New Cir Rd

      SHOPPING CENTER, STRIP CENTER • 11,200 SF
      524 New Cir Rd, Lexington, KY 40511-1856
      View Details
    • Value Estimation by Request
      208,810 SF

      500 New Cir Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 208,810 SF
      500 New Cir Rd, Lexington, KY 40511-1833
      View Details
    • Value Estimation by Request
      14,069 SF

      125 Towne Ctr Dr

      MINI-MALL • 14,069 SF
      125 Towne Ctr Dr, Lexington, KY 40511-2027
      View Details
    • Value Estimation by Request
      7,932 SF

      547 New Cir Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,932 SF
      547 New Cir Rd, Lexington, KY 40511-1834
      View Details

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    Property Visit Statistics

    • Visits by month
      9.8k
    • Visitors by month
      6.4k
    • Avg Time on site
      21 min
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    481 New Cir Rd
    Lexington, KY 40511-1848
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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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