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Property profile & analytics
OFF-MARKET Estimated value $1,460,000
Warehouses

2293 Maggard Dr Lexington, KY 40511-2513

12,090 SF 1.34 ac lot Built 1998
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US34-0447699
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1998
Total area 12,090 SF
Lot 1.34 ac (58,545 SF)
Zoning code I-1
APN 19982650
UPID US34-0447699
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
AI Approach AI
by Request
CAP Approach CAP
$1.34M
Comparable Approach Comparable
$1.95M
Blend (final) Blend
$1.46M
Owner & transaction history
Orange Octopus Re LLC · 4 yrs held
Orange Octopus Re LLC
since 2021
Last sale
$1.1M
2 recorded transactions
2021
$1.1M
2017
Price N/A
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
Retail stores $2.4M +11.3%
Office building $2.2M +6.3%
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