Technical
Financial
Distress signals
Property profile

1847 Mercer Rd Lexington, KY 40511

OFF-MARKET
Warehouses
Property ID
US34-0629981
130,200 SF 10.21 ac lot Built 1985
Entity Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1985
Total area 130,200 SF
Lot 10.21 ac (444,748 SF)
Zoning code I-1
APN 11748655
UPID US34-0629981

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store
  • Pharmacy

Location

1847 Mercer Rd Lexington, KY 40511-1022
Lexington metro Census 3704 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.90M
Blend (final) Blend
$5.02M

Owner & transaction history

since 2011
1 recorded transaction
2011
$5.0M

Zoning & alternative use

I-1 · Lexington, KY
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…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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