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Property profile & analytics
OFF-MARKET Estimated value $1,190,000
Drive through restaurants

506 New Cir Rd Lexington, KY 40511-1833

2,900 SF 0.66 ac lot Built 2019
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US34-0617213
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2019
Total area 2,900 SF
Lot 0.66 ac (28,750 SF)
Zoning code B-6P
APN 38018340
UPID US34-0617213
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
Current use
Occupant on record · Public records
  • Panda Express Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$1.19M
Owner & transaction history
Cft Nv Dev LLC · 7 yrs held
Cft Nv Dev LLC
since 2019
2 recorded transactions
2022
Price N/A
2019
$1.2M
Zoning & alternative use
B-6P · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Article 12 - COMMERCIAL CENTER (B-6P) ZONE Share Download Bookmark Print Sec. 12-1. - Intent. The intent of the Commercial Center (B-6P) zone is to create centers of activity that promote commerce and retail along major corridors within the community, while supporting existing residential neighborhoods and incorporating new residential opportunities in accor…

Zone name Commercial Center
General category COMMERCIAL
Zone area 1,144.00 ac
Top alternative use upside
Auto repair, garage $1.1M +12.0%
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