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Property profile & analytics
FOR SALE
Industrial properties

1040-1050 Eastland Dr Lexington, KY 40505

17,892 SF 0.72 ac lot Built 1970
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US34-0585606
Property summary
AI-generated overview

This exceptional industrial property, located at 1040-1050 Eastland Drive in Lexington, Kentucky, offers 31,000 square feet of space on a 1.3-acre lot. The property consists of three single-story buildings, zoned I-1 for Light Industrial use, and is currently available for immediate occupancy. The buildings feature a total of 4,200 square feet of office space, divided between two suites (2,700 SF in Suite 1040 and 1,500 SF in Suite 1050). The warehouse space is fully sprinklered with a wet system and benefits from 1200 amp service. A significant upgrade was completed in 2021 with the installation of a new Carlisle roof system, carrying a 15-year warranty. The property enjoys a convenient location with excellent access to New Circle Road, major interstates, and downtown Lexington, making it particularly attractive for contractors and businesses needing easy access to transportation networks. The layout is easily divisible, presenting an opportunity for multiple tenants. The property's location in Fayette County, Kentucky, zip code 40505, offers a strategic advantage within a tight market with limited availability of I-1 Light Industrial space. The annual lease rate is $7.00 per square foot, NNN. Eastland Drive boasts a daily traffic count of 5,169 vehicles. This property represents a rare opportunity to secure a well-maintained, versatile industrial space in a prime Lexington location.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1970
Total area 17,892 SF
Lot 0.72 ac (31,363 SF)
Zoning code I-1
APN 15030750
UPID US34-0585606
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.65M
Blend (final) Blend
$2.42M
Owner & transaction history
Mcb Enterprises LLC · 7 yrs held
Mcb Enterprises LLC
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
I-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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