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Property profile & analytics
OFF-MARKET Estimated value $3,175,000
Distribution centers

2320 Maggard Dr Lexington, KY 40511-2514

21,328 SF 1.5 ac lot Built 2002
Entity Owned Absentee Owner Free & Clear
Property ID
US34-0414572
Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 2002
Total area 21,328 SF
Lot 1.5 ac (65,340 SF)
Zoning code I-2
APN 38040730
UPID US34-0414572
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
  • Lansing Building Products Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.17M
Blend (final) Blend
$3.18M
Owner & transaction history
JLS VENTURES
JLS VENTURES
Zoning & alternative use
I-2 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 for di…

Zone name Heavy Industrial
General category INDUSTRIAL
Zone area 800.05 ac
Top alternative use upside
Commercial (general) $4.7M +27.1%
Apartment house (5+ units) $4.7M +26.5%
Medical building $4.4M +17.8%
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