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Property profile & analytics
OFF-MARKET
Warehouses

2285 Frankfort Ct Lexington, KY 40510-9673

10,000 SF 1.58 ac lot Built 1993
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US34-0435560
Property summary
AI-generated overview

This single-tenant, 8,032-square-foot flex warehouse building presents a fantastic opportunity in Lexington, Kentucky. Situated on a 1.57-acre lot at 2285 Frankfort Ct, 40510, this property boasts a convenient location in northwest Lexington, easily accessible from Old Frankfort Pike and New Circle Road. Built in 1993, the building features a single story with a substantial 16-foot ceiling height, ideal for various industrial uses. The property includes one dock-high door, ensuring efficient loading and unloading. Heavy power is available, catering to businesses with significant energy demands. The zoning designation is I-1, Light Industrial, allowing for a range of permitted activities. The entire 8,032 square feet is currently vacant, providing immediate occupancy for a new tenant. The property's Asset Property Number (APN) is 38125890. This is a rare opportunity to secure a well-located, spacious industrial property in a thriving Lexington market. The building's single-tenant occupancy offers a streamlined and efficient operational environment. Don't miss this chance to establish your business in this prime location.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1993
Total area 10,000 SF
Lot 1.58 ac (68,607 SF)
Zoning code I-1
APN 38125890
UPID US34-0435560
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Gateway One LLC · 5 yrs held
Gateway One LLC
since 2021
Last sale
$690,000
2 recorded transactions
2021
$690,000
2016
$500,000
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
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