You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $1,185,000
Warehouses

1186 Manchester Pl Lexington, KY 40508-6700

8,400 SF 0.41 ac lot Built 1986
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US34-0740099
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1986
Total area 8,400 SF
Lot 0.41 ac (17,698 SF)
Zoning code I-2
APN 38257440
UPID US34-0740099
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$1.19M
Owner & transaction history
Manchester Project LLC · 8 yrs held
Manchester Project LLC
since 2017
6 recorded transactions
2017
$485,000
2017
Price N/A
2017
$300,000
2017
$135,000
2014
$135,000
2014
$135,000
Zoning & alternative use
I-2 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 for di…

Zone name Heavy Industrial
General category INDUSTRIAL
Zone area 800.05 ac
Top alternative use upside
Office building $1.8M +19.6%
Medical building $1.7M +17.8%
Retail stores $1.6M +11.3%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1186 Manchester Pl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message