1040 Eastland Dr, Unit 1044 Lexington, KY 40505-3802
Property profile & analytics
1040 Eastland Dr, Unit 1044 Lexington, KY 40505-3802
- Industrial properties
- 17,892 SF
- 0.72 lot acres
Property ID
US34-0585606
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Industrial properties
Property Details for 1040 Eastland Dr
- Year built
- 1970
- Lot size
- 0.72 lot acres
- Property size
- 17,892 SF
- Zone code
- I-1
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- 15030750
- APU
- 15030750
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,645,000
- AI Estimate
- $2,183,000
Market price range: $1.58M - $7.68MMarket price range: $1.24M - $6.18M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,970,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $3,950,000 Change: -0% Conversion: Moderate
- MEDICAL BUILDING
- $3,680,000 Change: -7% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.4644
- Latitude
- 38.0448
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,133
$0.00
$0.00
$1,062,000
-
$0.00
$0.00
$1,062,000
