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Property profile & analytics
OFF-MARKET Estimated value $2,790,000
Residential income homes

690 Newtown Pike Lexington, KY 40508-1113

8,188 SF 12.06 ac lot Built 1976
Individually Owned 13-yr Hold Free & Clear
Property ID
US34-0425235
Property profile
Verified
Property type Residential income homes
Use group BOARDING/ROOMING HOUSE
Year built 1976
Total area 8,188 SF
Lot 12.06 ac (525,334 SF)
Zoning code A-U
APN 38066170
UPID US34-0425235
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • BCTC Newtown Campus North High School
  • Adult English Center Training Center Tutoring Service
  • BCTC Fayette County Adult Education Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.79M
Blend (final) Blend
$2.79M
Owner & transaction history
Kentucky Comm & Technical College S · 13 yrs held
Kentucky Comm & Technical College S
since 2012
1 recorded transaction
2012
Price N/A
Zoning & alternative use
A-U · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

A-U) Zone, notice shall be given to all properties within two hundred (200) feet and to the owners of the next two (2) properties but not to exceed any property owner beyond twenty thousand, four hundred (2,400) feet from the property in the direction of the A-U land. For all other properties, notice shall be given to all owners of property within two hundre…

Zone name Agricultural Urban
General category AGRICULTURAL
Zone area 3,622.52 ac
Top alternative use upside
Auto repair, garage $3.0M +120.9%
Restaurant $2.7M +97.2%
Commercial (general) $2.2M +61.3%
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