Property profile

2408 Merchant St Lexington, KY 40510

FOR SALE
Warehouses
Saved · see the list in your Dashboard
Property ID
US34-0525942
1,152 SF 1 ac Built 1989
Last sale May 2024·$650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ 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?
$3k
Tax billed · 2023
Assessed value$252k
Effective rate1.24%

Value estimate

· Nov 2026
$600k
$540k – $660k
AI approach$600k
Submarket $/SF estimate$403k
NOI build-up
Gross scheduled income$129k
Vacancy & credit loss−$22k
Operating expenses−$27k
NOI · 7.54% cap applied$80k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$175/SF
Submarket average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$72 – $350

Cap rate analysis

How does the asset earn?
7.54%
$80k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.0
Law Firm13.6
Auto Repair Shop13.4

Location

2408 Merchant St Lexington, KY 40510
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
140 Forbes, Lexington, KY 40511-2025 $525,000 Apr 2024 6,080 SF
1132 Finney, Lexington, KY 40511-1812 $1,050,000 Apr 2024 5,000 SF
524 Buck, Lexington, KY 40511-6500 $660,000 Apr 2024 7,000 SF
740 New Cir, Lexington, KY 40511-1806 $126,948,000 Jan 2024 5,702 SF
149 Venture, Lexington, KY 40511-2600 $675,000 Aug 2023 7,362 SF
157 Trade, Lexington, KY 40511-2630 $625,000 Aug 2022 5,952 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

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