Financial
Distress signals
Property profile

988 New Cir Rd Lexington, KY 40505

OFF-MARKET
Industrial properties
Property ID
US34-0654034
6,400 SF 0.71 ac lot Built 1957
Last sale Mar 2008 · $550,000
Individually Owned Owner of record is an individual. 18-yr Hold Held for 18 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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?
$7k
Tax billed · 2023
Assessed value$600k
Effective rate1.24%

Value estimate

· Sep 2026
$455k
$410k – $501k
Submarket $/SF estimate$749k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$58 – $117

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-3
The intent of this zone is to provide for retail and commercial uses, which are necessary to the economic vitality of the community but m...
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 agency15.3
Law Firm14.6
Nail Salon13.1

Location

988 New Cir Rd Lexington, KY 40505-4127
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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
1129 Commercial, Lexington, KY 40505-3815 $156,000 May 2024 5,172 SF
610 Winchester, Lexington, KY 40505-3727 $810,600 Apr 2024 7,350 SF
516 Lagonda, Lexington, KY 40505-4014 $55,000 Jan 2024 7,000 SF
1411 Delaware, Lexington, KY 40505-4009 $55,000 Jan 2024 7,932 SF
805 Contract, Lexington, KY 40505-3613 $515,000 Feb 2023 5,100 SF
1048 Eastland, Lexington, KY 40505-3802 $1,800,000 Apr 2022 6,935 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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