Property profile

381 United Ct 04 Lexington, KY 40509

FOR LEASE
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Property ID
US34-0613277
11,000 SF 0.62 ac Built 1989
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon
381 United Ct,Unit 04, Lexington, KY 40509 For Lease
$819/Mo 11,000 SF available
381 United Ct,Unit 04, Lexington, KY 40509
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Property summary

AI-generated overview

This Lexington, Kentucky flex-space property is zoned I-1 Light Industrial and provides convenient access to major routes including I-75, I-64, Man O' War Boulevard, New Circle Road (KY Route 4), and downtown Lexington. It is located on a 0.6198-acre lot and consists of units of approximately 1,000 square feet each, with a layout that includes about 260 square feet of office space and about 740 square feet of warehouse space. The office portion includes a half bath and air conditioning, while the warehouse portion is equipped with a 14-foot bay door and heating.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value$720k
Effective rate1.07%

Value estimate

· Nov 2026
$520k
$468k – $572k
Submarket $/SF estimate$1.34M
NOI build-up
Gross scheduled income$106k
Vacancy & credit loss−$6k
Operating expenses−$35k
NOI$65k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$175/SF
Submarket average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$72 – $350
Qualifying comparables3

Cap rate analysis

How does the asset earn?
$65k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I-1
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 cli...
General categoryINDUSTRIAL
JurisdictionFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: Pawn Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pawn Shop8.2
Smoke and Vape Shop8.2
Home Appliance Store7.7

Location

381 United Ct, Unit 04 Lexington, KY 40509
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2168 Christian, Lexington, KY 40509-4300 $750,000 Dec 2022 8,780 SF
1129 Brock Mcvey, Lexington, KY 40509-4116 $6,130,770 Dec 2021 10,125 SF
2141 Christian, Lexington, KY 40509-4301 $750,000 Dec 2021 12,036 SF
2171 Christian, Lexington, KY 40509-4461 $840,000 Jun 2020 7,150 SF
301 Blue Sky, Lexington, KY 40509-9444 $686,120 Nov 2019 15,082 SF
2566 Palumbo, Lexington, KY 40509-1203 $25,000 Jul 2019 8,350 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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