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Property profile & analytics
OFF-MARKET Estimated value $1,325,000
Industrial properties

1161 Commercial Dr 1163 Lexington, KY 40505-3847

11,300 SF 1.15 ac lot Built 1963
Entity Owned Absentee Owner Free & Clear
Property ID
US34-0476722
Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1963
Total area 11,300 SF
Lot 1.15 ac (50,094 SF)
Zoning code B-4
APN 13055700
UPID US34-0476722
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
  • Auto-Graphs, LLC Printing Service (Bike/Boat/Book/etc) Store
  • Crunchwraps Graphics Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.32M
Blend (final) Blend
$1.33M
Owner & transaction history
HAPPY RICHARDS LLC
HAPPY RICHARDS LLC
Zoning & alternative use
B-4 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B-4, 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 pote…

Zone name Wholesale And Warehouse Business
General category INDUSTRIAL
Zone area 647.27 ac
Top alternative use upside
Warehouse, storage $2.0M +112.8%
Retail stores $1.6M +72.2%
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