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Property profile & analytics
OFF-MARKET Estimated value $1,770,000
Warehouses

2321 Maggard Dr Lexington, KY 40511-2514

11,970 SF 2.17 ac lot Built 2001
Entity Owned 5-yr Hold Free & Clear
Property ID
US34-0542365
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2001
Total area 11,970 SF
Lot 2.17 ac (94,525 SF)
Zoning code I-2
APN 38040710
UPID US34-0542365
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
  • Hammond Communications Group, Inc. Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.33M
Comparable Approach Comparable
$2.47M
Blend (final) Blend
$1.77M
Owner & transaction history
2321 Maggard LLC · 5 yrs held
2321 Maggard LLC
since 2021
Last sale
$1.3M
1 recorded transaction
2021
$1.3M
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) $2.7M +27.1%
Apartment house (5+ units) $2.6M +26.5%
Medical building $2.5M +17.8%
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