Property profile

497 3rd St Lexington, KY 40508

OFF-MARKET
Bars & Pubs
Property ID
US34-0546299
4,340 SF 0.1 ac lot Built 1948
Entity Owned 13-yr Hold Free & Clear
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Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1948
Total area 4,340 SF
Lot 0.1 ac (4,356 SF)
Zoning code B-1
APN 10641200
UPID US34-0546299

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
  • Bar & Pub

Location

497 3rd St Lexington, KY 40508-1752
Lexington metro Census 200 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$835k
Blend (final) Blend
$520k

Owner & transaction history

since 2013
1 recorded transaction
2013
$500,000

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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