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Property profile & analytics
OFF-MARKET Estimated value $2,370,000
Grocery and convenience stores

1419 Versailles Rd 1427 Lexington, KY 40504-1141

3,550 SF 0.84 ac lot Built 2017
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US34-0544974
Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2017
Total area 3,550 SF
Lot 0.84 ac (36,799 SF)
Zoning code B-1
APN 24662400
UPID US34-0544974
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
  • Krispy Krunchy Chicken Restaurant
  • Clark's Pump-N-Shop Grocery & Convenience Store
  • Marathon Gas Gas Station
  • Hangar 54 Pizza Restaurant
  • Amazon Locker - Turban Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.37M
Blend (final) Blend
$2.37M
Owner & transaction history
D A M Prop LLC · 6 yrs held
D A M Prop LLC
since 2019
4 recorded transactions
2019
$1.0M
2016
$375,000
2014
$650,000
2013
$360,000
Zoning & alternative use
B-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 permitted in the P-1 and B-1 zone except for drive-through facilities. (d) Conditional Uses. The following shall be conditional uses in the MU-1 z…

Zone name Neighborhood Business
General category COMMERCIAL
Zone area 983.23 ac
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