Property profile

522 Codell Dr 530 Lexington, KY 40509

OFF-MARKET
Industrial properties
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Property ID
US34-0642275
32,160 SF 1.89 ac Built 1974
Last sale Jan 2023·$2,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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?
$25k
Tax billed · 2023
Assessed value$2.00M
Effective rate1.24%

Value estimate

· Nov 2026
$2.91M
$2.62M – $3.20M
Submarket $/SF estimate$2.59M

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

Recently sold

What actually traded nearby?
$222/SF
Submarket average, outlier-cleaned · 78 recorded sales of this use type
Observed band · Q1–Q3$88 – $429
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?
I-1
I-1 or I-2 zone. Home occupation means a gainful occupation or profession carried on in a residence that does not involve customer or cli...
General categoryINDUSTRIAL
JurisdictionFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office29.1
Realty agency27.6
Law Firm21.9

Location

522 Codell Dr, Unit 530 Lexington, KY 40509-1016
County assessor Recorded deeds · 1 transfer 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
2432 Fortune, Lexington, KY 40509-4269 $12,650,018 Jul 2025 38,159 SF
2437 Fortune, Lexington, KY 40509-4213 $4,100,018 Jul 2025 24,916 SF
605 Blue Sky, Lexington, KY 40509-9459 $1,750,000 Jun 2020 21,470 SF
2497 Palumbo, Lexington, KY 40509-1116 $3,350,391 May 2019 49,975 SF
133 Locust Hl, Lexington, KY 40509-1607 $2,050,000 Jan 2019 24,386 SF
1720 Fortune, Lexington, KY 40509-4104 $33,000,000 Jan 2019 31,606 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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