Property profile

500 Frisco Dr Lexington, KY 40511

OFF-MARKET
Commercial land
Property ID
US34-0452996
10.18 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 10.18 ac (443,441 SF)
Zoning code M-1P
APN 19302540
UPID US34-0452996

Cap rate & NOI

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

Location

500 Frisco Dr Lexington, KY 40511
Lexington metro 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
by Request
Blend (final) Blend
$13.27M

Owner & transaction history

since 2022
Last sale
$13.3M
1 recorded transaction
2022
$13.3M

Zoning & alternative use

M-1P · Lexington, KY
Zoning description

Article 10 - MOBILE HOME PARK (M-1P) ZONE Share Download Bookmark Print Sec. 10-1. - Intent. The intent of this zone is to ensure that mobile home parks are located in residential areas near major traffic corridors, and…

General category RESIDENTIAL

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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