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Property profile & analytics
OFF-MARKET Estimated value $3,530,000
Warehouses

2245 Frankfort Ct Lexington, KY 40510-9673

28,320 SF 4.06 ac lot Built 1987
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US34-0421007
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1987
Total area 28,320 SF
Lot 4.06 ac (176,854 SF)
Zoning code I-1
APN 22509150
UPID US34-0421007
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
  • Bill Morgan Tire Company (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.14M
Comparable Approach Comparable
$4.74M
Blend (final) Blend
$3.53M
Owner & transaction history
Harlan Collieries Co LLC · 4 yrs held
Harlan Collieries Co LLC
since 2022
Last sale
$2.5M
2 recorded transactions
2024
Price N/A
2022
$2.5M
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 $5.8M +17.8%
Retail stores $5.5M +11.3%
Office building $5.3M +6.3%
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