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Property profile & analytics
OFF-MARKET Estimated value $640,000
Warehouses

1798 Old Frankfort Pike Lexington, KY 40504-1010

1,830 SF 4.47 ac lot Built 1976
Individually Owned 12-yr Hold Free & Clear
Property ID
US34-0477414
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1976
Total area 1,830 SF
Lot 4.47 ac (194,670 SF)
Zoning code I-2
APN 16617400
UPID US34-0477414
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
  • Mr Bults Inc Production Facility Metal Fabrication Plant
  • Fleetline Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$640k
Blend (final) Blend
$640k
Owner & transaction history
Commonwealth Of Ky-trans Cab · 12 yrs held
Commonwealth Of Ky-trans Cab
since 2014
1 recorded transaction
2014
$8,350
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
Top alternative use upside
Auto repair, garage $670,000 +109.4%
Commercial (general) $405,000 +27.1%
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