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Property profile & analytics
OFF-MARKET Estimated value $740,000
Distribution centers

1229 Versailles Rd Lexington, KY 40508-3117

13,896 SF 6.88 ac lot Built 1985
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US34-0534685
Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1985
Total area 13,896 SF
Lot 6.88 ac (299,693 SF)
Zoning code I-1
APN 12833550
UPID US34-0534685
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
  • Haynes Trucking Llc Trucking Company
  • Alvin Haynes & Sons Truck Co Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.71M
Blend (final) Blend
$740k
Owner & transaction history
Haynes Real Est LLC · 5 yrs held
Haynes Real Est LLC
since 2021
2 recorded transactions
2021
Price N/A
2019
Price N/A
Zoning & alternative use
I-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 potential…

Zone name Light Industrial
General category INDUSTRIAL
Zone area 4,436.91 ac
Top alternative use upside
Retail stores $2.7M +11.3%
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