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Property profile & analytics
FOR LEASE
Retail space

3605 Walden Dr Lexington, KY 40517

10,887 SF 0.83 ac lot Built 1996
Entity Owned Free & Clear
Property ID
US34-0518504
No photos on file
For Lease
$21.50 SF/Yr 10,887 SF available
3605 Walden Dr, Lexington, KY 40517
View Listing →
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1996
Total area 10,887 SF
Lot 0.83 ac (36,150 SF)
Zoning code B-1
APN 19334150
UPID US34-0518504
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
  • CVS Photo (Bike/Boat/Book/etc) Store
  • CVS Pharmacy Pharmacy
  • CVS Pharmacy
  • Frances Reed Pharmacy
  • MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.25M
Blend (final) Blend
$3.24M
Owner & transaction history
GREER DEVELOPMENT INC
GREER DEVELOPMENT INC
Zoning & alternative use
B-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permitted in the P-1 and B-1 zone except for drive-through facilities. (d) Conditional Uses. The following shall be conditional uses in the MU-1 z…

Zone name Neighborhood Business
General category COMMERCIAL
Zone area 983.23 ac
Top alternative use upside
Auto repair, garage $4.0M +88.1%
Restaurant $3.6M +67.9%
Commercial (general) $2.4M +14.2%
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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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