Property profile

463 Nelms Ave Lexington, KY 40504

OFF-MARKET
Office buildings
Property ID
US34-0650334
616 SF 0.04 ac lot Built 1968
Entity Owned Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1968
Total area 616 SF
Lot 0.04 ac (1,951 SF)
Zoning code MU-3
APN 10856500
UPID US34-0650334

Cap rate & NOI

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

Location

463 Nelms Ave Lexington, KY 40504-2625
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
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Comparable Approach Comparable
by Request
Blend (final) Blend
$65k

Owner & transaction history

Zoning & alternative use

MU-3 · Lexington, KY
Zoning description

Sec. 28-5. - Mixed use 3: Mixed use Community Zone (MU-3). Sec. 28-6. - Provisions applicable to all mixed use zones. Sec. 28-7. Reserved. Article 29 - NEIGHBORHOOD DESIGN CHARACTER OVERLAY (ND-1) ZONE ARTICLE 30 - OUTDO…

General category MIXED_USE

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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