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Property profile & analytics
OFF-MARKET Estimated value $2,135,000
Bars & Pubs

1224 Manchester St Lexington, KY 40504-1129

11,101 SF 0.44 ac lot Built 2022
Entity Owned 13-yr Hold Free & Clear
Property ID
US34-0760091
Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 2022
Total area 11,101 SF
Lot 0.44 ac (19,210 SF)
Zoning code I-2
APN 38250830
UPID US34-0760091
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
  • Desperados Cantina Restaurant
  • Ethereal Brewing Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.13M
Blend (final) Blend
$2.14M
Owner & transaction history
Ironhorse Forge LLC · 13 yrs held
Ironhorse Forge LLC
since 2013
3 recorded transactions
2026
Price N/A
2025
Price N/A
2013
$180,000
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
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