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Property profile & analytics
OFF-MARKET Estimated value $7,780,000
Distribution centers

1312 Russell Cave Rd Lexington, KY 40505-3114

107,900 SF 6.24 ac lot Built 1980
Entity Owned Free & Clear
Property ID
US34-2276930
Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1980
Total area 107,900 SF
Lot 6.24 ac (271,814 SF)
Zoning code I-1
APN 23209501
UPID US34-2276930
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
  • Ni Autowindow Systems Inc Auto Repair Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.78M
Blend (final) Blend
$7.78M
Owner & transaction history
Bluegrass Spaces LLC
Bluegrass Spaces LLC
since 2025
3 recorded transactions
2025
Price N/A
2025
Price N/A
2009
$4.0M
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
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