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Property profile

497 Main St Lexington, KY 40507

OFF-MARKET
Retail space
Property ID
US34-0643150
7,766 SF 0.24 ac lot Built 1949
Last sale Aug 2025 · $970,000
Trust Owned Owner of record is a trust. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional three-story, 7,272 square foot office building, situated on a 0.24-acre lot in Lexington, KY's Central Business District, presents a compelling investment opportunity. Originally constructed in the 1890s and extensively renovated in 1997, the property boasts a prime location on E. Main Street, enjoying high visibility and significant daily traffic counts (31,393 cars/day). The B-2A zoning allows for flexible uses, including professional office space, retail, or even…

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$1.00M
Effective rate1.24%

Value estimate

· Oct 2026
$1.51M
$1.35M – $1.66M
Submarket $/SF estimate$1.51M

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

Recently sold

What actually traded nearby?
$194/SF
Submarket average, outlier-cleaned · 114 recorded sales of this use type
Observed band · Q1–Q3$108 – $298
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-2A
The intent of this zone is to accommodate existing and proposed development in the transitional frame which surrounds the downtown core a...
General categoryCOMMERCIAL
JurisdictionFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service8.5
Locksmith8.3
Auto Parts Store7.9

Location

497 Main St Lexington, KY 40507-1547
County assessor Recorded deeds · 2 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

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
116 Mechanic, Lexington, KY 40507-1003 $230,000 Oct 2021 782 SF
165 Constitution, Lexington, KY 40507-2112 $540,000 Sep 2020 1,342 SF
164 Constitution, Lexington, KY 40507-2111 $750,000 Aug 2020 3,358 SF
102 High, Lexington, KY 40507-1826 $400,000 May 2019 4,773 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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