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Property profile & analytics
OFF-MARKET Estimated value $895,000
Office Spaces

1595 Mercer Rd 120 Lexington, KY 40511-1014

7,242 SF Built 1957
Entity Owned 11-yr Hold Free & Clear
Property ID
US34-0454220
Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1957
Total area 7,242 SF
Zoning code I-1
APN 38182680
UPID US34-0454220
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
  • Art's Rental Equipment (Bike/Boat/Book/etc) Store Rental Equipment Company
  • Specialty Interiors Interior Design Home Decor Store
  • Central Kentucky Realty Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$896k
Blend (final) Blend
$895k
Owner & transaction history
6 A Rental Prop LLC · 11 yrs held
6 A Rental Prop LLC
since 2015
2 recorded transactions
2015
$372,000
2013
$480,000
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
Top alternative use upside
Medical building $1.5M +10.8%
Retail stores $1.4M +4.7%
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