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Property profile & analytics
FOR LEASE
Warehouses

255 S Forbes Rd Lexington, KY 40504

11,128 SF 12.23 ac lot Built 1950
Entity Owned 1-yr Hold Free & Clear
Property ID
US34-0586923
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1950
Total area 11,128 SF
Lot 12.23 ac (532,739 SF)
Zoning code I-2
APN 26667000
UPID US34-0586923
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
  • Central Kentucky Pallets Freight Service Logistics Company
  • Warehouse 8 Warehouse & Storage
  • Metric Environmental Environmental Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.35M
Blend (final) Blend
$3.43M
Owner & transaction history
Fbc 247 LLC · 1 yrs held
Fbc 247 LLC
since 2024
Last sale
$3.5M
3 recorded transactions
2024
Price N/A
2021
$3.5M
2019
$4.0M
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
Auto repair, garage $4.1M +109.4%
Restaurant $3.6M +86.9%
Commercial (general) $2.5M +27.1%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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