Technical
Financial
Distress signals
Property profile

132 Southland Dr Lexington, KY 40503

OFF-MARKET
Retail space
Property ID
US34-0407672
7,200 SF 0.29 ac lot Built 1976
Entity Owned 2-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • (Bike/Boat/Book/etc) Store
  • Association Or Organization
  • Physician
  • Tattoo & Piercing Shop

Location

132 Southland Dr Lexington, KY 40503-1924
Lexington metro Census 2800 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2024
Last sale
$700,000
2 recorded transactions
2025
Price N/A
2024
$700,000

Zoning & alternative use

B-1 · Lexington, KY
Zoning description

2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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