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Property profile & analytics
OFF-MARKET Estimated value $1,825,000
Warehouses

1562 Old Frankfort Pike Lexington, KY 40504-1154

24,926 SF 4.28 ac lot Built 1976
Entity Owned 1-yr Hold Free & Clear
Property ID
US34-0665318
Property summary
AI-generated overview

This exceptional 4.25-acre I-2 zoned industrial site in Lexington, Kentucky, presents a rare opportunity. Located conveniently inside New Circle Road, this property offers immediate access to major transportation arteries, including I-64 and I-75 (less than 5 miles away). The site boasts three existing structures, providing significant flexibility for various industrial uses. A 2,100 square foot fully-equipped office space features multiple private offices, a kitchenette, and restrooms. A 6,700 square foot clear-span warehouse offers four grade-level drive-in doors and a 20-foot clear height. Additionally, there's approximately 24,261 square feet of covered space under roof. The remaining acreage provides ample secured outdoor storage. The property's strategic location, less than half a mile from New Circle Road, makes it an ideal location for businesses needing efficient access to transportation networks and a strong workforce. This single-tenant property offers a total of 33,061 square feet of vacant space, ready for immediate development or occupancy. The property is situated at 1562 Old Frankfort Pike, Lexington, KY 40504, in Fayette County. This is a unique opportunity to acquire a well-positioned industrial property in a thriving Kentucky market.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1976
Total area 24,926 SF
Lot 4.28 ac (186,437 SF)
Zoning code I-2
APN 21168850
UPID US34-0665318
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
  • Bristol Group Precast Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.82M
Blend (final) Blend
$1.83M
Owner & transaction history
1562 Ofp LLC · 1 yrs held
1562 Ofp LLC
since 2025
3 recorded transactions
2025
Price N/A
2019
Price N/A
2009
$660,000
Zoning & alternative use
I-2 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 for di…

Zone name Heavy Industrial
General category INDUSTRIAL
Zone area 800.05 ac
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