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Property profile & analytics
OFF-MARKET Estimated value $11,100,000
Distribution centers

2024 Buck Ln Lexington, KY 40511-1073

98,280 SF 12.8 ac lot Built 2006
Entity Owned 11-yr Hold Free & Clear
Property ID
US34-0503177
Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 2006
Total area 98,280 SF
Lot 12.8 ac (557,655 SF)
Zoning code I-1
APN 38163400
UPID US34-0503177
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
  • FedEx Ground Trucking Company
  • FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$20.75M
Blend (final) Blend
$11.10M
Owner & transaction history
Arc Felexky001 LLC · 11 yrs held
Arc Felexky001 LLC
since 2014
2 recorded transactions
2024
Price N/A
2014
$11.2M
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
Restaurant $32.1M +86.9%
Commercial (general) $21.8M +27.1%
Apartment house (5+ units) $21.7M +26.5%
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