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Property profile & analytics
OFF-MARKET Estimated value $700,000
Retail space

132 Southland Dr Lexington, KY 40503-1924

7,200 SF 0.29 ac lot Built 1976
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US34-0407672
Property summary
AI-generated overview

This exceptional property at 132 Southland Drive in Lexington, Kentucky, offers a unique blend of retail and office space, currently undergoing a complete renovation. Located in the vibrant Southland neighborhood, this building enjoys excellent visibility and accessibility due to its proximity to Nicholasville Road. The renovation will significantly enhance both the exterior and interior aesthetics, attracting a diverse clientele. The flexible floor plan allows for various business configurations, catering to both retail and traditional office needs. Five individual spaces are available, ranging in size from a minimum of 1,200 square feet to a maximum of 6,000 square feet, spread across the first and second floors. The asking rate is $2,400 per month on a modified gross lease. This prime location within a thriving community presents a compelling opportunity for businesses seeking high visibility and convenient access. The property is situated in Fayette County, Kentucky, with a zip code of 40503. The building's updated design will increase visibility and attract a wide range of customers, making it an ideal location for a variety of businesses. This is a multi-tenant property offering a range of unit sizes to suit various business needs.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1976
Total area 7,200 SF
Lot 0.29 ac (12,632 SF)
Zoning code B-1
APN 13036700
UPID US34-0407672
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
  • Precision Vapor (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Drum Center of Lexington (Bike/Boat/Book/etc) Store
  • Cannatrait Association Or Organization
  • Kristopher Winders Physician
  • Ink Addiction Tattoos, LLC Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$700k
CAP Approach CAP
by Request
Comparable Approach Comparable
$948k
Blend (final) Blend
$700k
Owner & transaction history
Southland Drive LLC · 2 yrs held
Southland Drive LLC
since 2024
Last sale
$700,000
2 recorded transactions
2025
Price N/A
2024
$700,000
Zoning & alternative use
B-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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