Property profile

115 Southland Dr Lexington, KY 40503

OFF-MARKET
Drive through restaurants
Property ID
US34-0455151
2,842 SF 0.46 ac lot Built 2019
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2019
Total area 2,842 SF
Lot 0.46 ac (20,055 SF)
Zoning code B-1
APN 13798800
UPID US34-0455151

Cap rate & NOI

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

Location

115 Southland Dr Lexington, KY 40503-1926
Lexington metro Census 2800 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$1.45M

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2024
$1.4M
2019
Price N/A
2018
$700,000

Zoning & alternative use

B-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 $1.0M +12.0%

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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