Property profile

418 Spg St Lexington, KY 40508

OFF-MARKET
Retail space
Property ID
US34-0526340
3,901 SF 0.18 ac lot Built 1963
Individually Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1963
Total area 3,901 SF
Lot 0.18 ac (8,002 SF)
Zoning code B-4
APN 15437500
UPID US34-0526340

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Freight Service Logistics Company

Location

418 Spg St Lexington, KY 40508-2853
Lexington metro Census 900 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$912k
Blend (final) Blend
$445k

Owner & transaction history

since 2018
1 recorded transaction
2018
$400,000

Zoning & alternative use

B-4 · Lexington, KY
Zoning description

B-4, 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 client visits to the residence (excluding pick-up or pre-ordered items or drop-of…

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $1.4M +88.1%
Commercial (general) $1.0M +37.4%
Office building $815,000 +7.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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