Property profile

1040 Manchester St Lexington, KY 40508

OFF-MARKET
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Property ID
US34-0466071
11,578 SF 0.8 ac Built 1976
Last sale Sep 2026·$1,150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This flex property totals 11,578 square feet on an approximately 1-acre site and combines finished office space with warehouse functionality. The office areas include cubicle rooms, multiple conference rooms, copy space, and restrooms located on both floors. Operations are supported by rear loading dock access and an accessible lot designed for large truck deliveries and pickups. The building includes two walk-in coolers (455 SF and 375 SF) and also features a detached warehouse and a detached…

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?
$10k
Tax billed · 2023
Assessed value$799k
Effective rate1.24%

Value estimate

· Nov 2026
$445k
$401k – $490k
Submarket $/SF estimate$1.03M

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?
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 Office18.5
Pharmacy16.6
HVAC Service11.9

Location

1040 Manchester St Lexington, KY 40508-2422
County assessor Recorded deeds · 3 transfers 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
741 Price, Lexington, KY 40508-1314 $875,000 Dec 2022 14,400 SF
821 Porter, Lexington, KY 40508-3123 $750,000 Dec 2022 9,664 SF
166 Lee, Lexington, KY 40508-1392 $495,000 Sep 2021 12,420 SF
333 Henry, Lexington, KY 40508-1258 $720,000 Jun 2021 9,348 SF
540 2nd, Lexington, KY 40508-1926 $2,200,000 May 2021 11,880 SF
835 Porter, Lexington, KY 40508-3123 $730,000 Dec 2020 9,636 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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Includes: Price & PSF · Cap rate · Location · Zoning

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