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    Property profile & analytics

    508 Broad St Lexington, TN 38351-2211

    • Retail space
    • 9,652 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimation
    $430,000
    Last Sale
    Dec 09, 2022
    Location Intelligence
    Property ID
    US80-0234698
    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

    • Lexington Progress / Newspaper Publisher

    Property Details for 508 Broad St

    Year built
    2000
    Construction
    FRAME
    Lot size
    3.00 lot acres
    Property size
    9,652 SF
    Zone code
    BM
    Property type
    Retail space
    APN
    039092D A 00400
    APU
    039092DA00400

    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
    Henderson
    State
    Tennessee
    Longitude
    -88.4035
    Latitude
    35.6404

    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
    2022
    $8,213
    $81,600
    $202,040
    $283,640
    -
    $204,000
    $505,100
    $709,100

    Comparable in this City

    • Value Estimation by Request
      800 SF

      Natchez Trce Rd

      RETAIL STORES (PERSONAL SERVICES) • 800 SF
      Natchez Trce Rd, Lexington, TN 38351
      View Details
    • Value Estimation by Request
      960 SF

      Main St

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      Main St, Lexington, TN 38351
      View Details
    • Value Estimation by Request
      1,524 SF

      83 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,524 SF
      83 Main St, Lexington, TN 38351-2109
      View Details
    • Value Estimation by Request
      5,498 SF

      325 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,498 SF
      325 Main St, Lexington, TN 38351-2443
      View Details
    • Value Estimation by Request
      3,638 SF

      901 Church St

      RETAIL STORES (PERSONAL SERVICES) • 3,638 SF
      901 Church St, Lexington, TN 38351-1928
      View Details
    • Value Estimation by Request
      11,176 SF

      Natchez Trce Dr

      RETAIL STORES (PERSONAL SERVICES) • 11,176 SF
      Natchez Trce Dr, Lexington, TN 38351
      View Details

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    Similar Nearby for Lease

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    508 Broad St
    Lexington, TN 38351-2211
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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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