Property profile

1075 Red Mile Rd Lexington, KY 40504

OFF-MARKET
Office buildings
Property ID
US34-0588691
3,149 SF 0.62 ac lot Built 2007
Entity Owned 18-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Total area 3,149 SF
Lot 0.62 ac (27,007 SF)
Zoning code P-1
APN 25254456
UPID US34-0588691

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor

Location

1075 Red Mile Rd Lexington, KY 40504-2650
Lexington metro Census 1900 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$710k
Blend (final) Blend
$390k

Owner & transaction history

since 2008
1 recorded transaction
2008
Price N/A

Zoning & alternative use

P-1 · Lexington, KY
Zoning description

2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.2M +119.6%
Commercial (general) $700,000 +33.3%
Medical building $650,000 +23.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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