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1111 Dawkins Rd La Grange, KY 40031

Warehouses Google Maps
14.05 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$305k
Range $275k – $336k (±10%)
Property ID US34-2086677

Property summary

AI-generated overview

This exceptional investment opportunity presents a 5,637 square foot warehouse situated on over five acres of land in La Grange, Kentucky. Conveniently located just 1.5 miles from downtown La Grange, the property offers significant potential for a variety of uses. The property comprises two buildings: a main structure of 3,430 square feet and a secondary building of 2,207 square feet. Currently undergoing renovations, the property is available for lease under a triple net (NNN) lease agreement. The current owner is actively seeking a tenant and is open to creative proposals that will contribute to the economic vitality of La Grange. Suggested uses include, but are not limited to, an antique mall, event space, paintball facility, RV park, outdoor art studio, sports-related business, automotive repair shop, landscape nursery, and more. The expansive 14-acre lot provides ample space for expansion or outdoor activities related to the chosen business. This property presents a unique chance to establish a thriving business in a desirable location with a supportive landlord. The asking price is $650,000. The property is located at 1111 Dawkins Road, La Grange, KY 40031.

Property profile

Verified
Property type Warehouses
Use group STORAGE YARD (JUNK, SALVAGE)
Lot 14.05 ac (611,887 SF)
APN 38-00-00-38D
UPID US34-2086677

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2022
Last sale
$280,000
1 recorded transaction
2022
$280,000

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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