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Property profile & analytics
OFF-MARKET Estimated value $625,000
Industrial properties

1421 Delaware Ave Lexington, KY 40505-4009

8,040 SF 0.25 ac lot Built 1958
Individually Owned Absentee Owner Free & Clear
Property ID
US34-0526217
Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1958
Total area 8,040 SF
Lot 0.25 ac (10,799 SF)
Zoning code I-1
APN 42078400
UPID US34-0526217
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
  • Honeycutt Mechanical Contractor Inc Production Facility Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$623k
Blend (final) Blend
$625k
Owner & transaction history
PAUL W HONEYCUTT
PAUL W HONEYCUTT
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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