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Property profile & analytics
OFF-MARKET Estimated value $2,840,000
Industrial properties

401 Mcconnell Spgs Dr Lexington, KY 40504-1170

14,862 SF 1.79 ac lot Built 1993
Entity Owned 6-yr Hold Free & Clear
Property ID
US34-0449989
Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1993
Total area 14,862 SF
Lot 1.79 ac (77,972 SF)
Zoning code I-2
APN 10042450
UPID US34-0449989
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.11M
Blend (final) Blend
$2.84M
Owner & transaction history
Lexington Faye Urban Co Govn · 6 yrs held
Lexington Faye Urban Co Govn
since 2019
1 recorded transaction
2019
$39,500
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
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