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Property profile & analytics
OFF-MARKET Estimated value $650,000
Warehouses

111 Buchanan St Lexington, KY 40508-2001

1,920 SF 2.39 ac lot Built 1984
Individually Owned Absentee Owner Free & Clear
Property ID
US34-0529206
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1984
Total area 1,920 SF
Lot 2.39 ac (104,108 SF)
Zoning code I-1
APN 13555500
UPID US34-0529206
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
Current use
Occupant on record · Public records
  • Thomson Lawn Care Landscaping
  • Ecolandcare Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$651k
Blend (final) Blend
$650k
Owner & transaction history
DAVIS BROOK MEADE
DAVIS BROOK MEADE
Zoning & alternative use
I-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 client visits to the residence (excluding pick-up or pre-ordered items or drop-off of items to be repaired); and materials or equipment used in the conduct of the home occupation is limited to items that have minimal potential…

Zone name Light Industrial
General category INDUSTRIAL
Zone area 4,436.91 ac
Top alternative use upside
Auto repair, garage $700,000 +109.4%
Commercial (general) $515,000 +53.0%
Office building $400,000 +19.6%
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