Property profile

116 120th S Forbes Rd Lexington, KY 40511

OFF-MARKET
Industrial properties
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Property ID
US34-0661942
12,196 SF 0.27 ac Built 1962
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

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$804k
Effective rate1.24%

Value estimate

· Nov 2026
$430k
$387k – $473k
Submarket $/SF estimate$1.04M

Realmo valuation models over county records and 3 qualifying comparable sales.

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
Qualifying comparables3

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.7
Dental Office20.1
Hair Salon15.6

Location

116 120th S Forbes Rd Lexington, KY 40511
County assessor Recorded deeds · not on file 3 qualifying comp sales 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
1669 Jaggie Fox, Lexington, KY 40511-1084 $1,175,000 Feb 2026 11,920 SF
1661 Jaggie Fox, Lexington, KY 40511-1084 $825,000 Dec 2025 11,100 SF
1180 Finney, Lexington, KY 40511-1812 $1,050,000 Apr 2024 8,540 SF
525 Buck, Lexington, KY 40511-6500 $1,600,000 Feb 2023 15,200 SF
500 Buck, Lexington, KY 40511-6500 $1,500,000 Aug 2022 17,630 SF
461 Transport, Lexington, KY 40511-1015 $2,450,000 Apr 2022 15,750 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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