Financial
Distress signals
Property profile

698 Perimeter Dr Lexington, KY 40517

OFF-MARKET
Office buildings
Property ID
US34-0569812
16,230 SF 0.89 ac lot Built 1986
Last sale Apr 2008 · $2,114,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

698 Perimeter Drive is a professional office property zoned P-1 (Professional Office) and is configured for office use by a variety of businesses. The interior layout includes a lobby entry with substantial natural light and office space combining open workstation areas with glass-walled individual offices. Suite 201 provides a reception area, two conference rooms, 15 offices, a break room, and additional storage and coat closets, along with open work areas. The space totals approximately 4,900…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value$1.32M
Effective rate1.24%

Value estimate

· Sep 2026
$2.14M
$1.93M – $2.35M
Submarket $/SF estimate$2.01M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$186/SF
Submarket average, outlier-cleaned · 295 recorded sales of this use type
Observed band · Q1–Q3$124 – $276
Qualifying comparables3

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?
P-1
The intent of this zone is to provide for offices and related professional uses, Retail sales are prohibited except where directly relate...
General categoryCOMMERCIAL
JurisdictionFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.8
Building Supply14.6
HVAC Service12.4

Location

698 Perimeter Dr Lexington, KY 40517-4141
County assessor Recorded deeds · 2 transfers 3 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3257 Loch Ness, Lexington, KY 40517-1240 $850,000 Jul 2023 7,280 SF
4071 Tates Crk Ctr, Lexington, KY 40517-3062 $4,050,000 Oct 2022 32,124 SF
651 Perimeter, Lexington, KY 40517-4134 $6,974,300 Sep 2022 71,448 SF
3600 Appian, Lexington, KY 40517-5900 $850,000 Sep 2020 4,654 SF
3245 Loch Ness, Lexington, KY 40517-1240 $1,000,000 Dec 2019 10,380 SF
152 Reynolds, Lexington, KY 40517-1248 $354,600 Aug 2019 8,646 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
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