Property profile

511 Southland Dr Lexington, KY 40503

OFF-MARKET
Office buildings
Property ID
US34-0549688
2,436 SF 0.28 ac lot Built 1960
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Total area 2,436 SF
Lot 0.28 ac (12,197 SF)
Zoning code B-1
APN 23402200
UPID US34-0549688

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
  • Production Facility Textile Manufacturer
  • Veterinary Clinic

Location

511 Southland Dr Lexington, KY 40503-1828
Lexington metro Census 2900 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2024
Last sale
$255,000
1 recorded transaction
2024
$255,000

Zoning & alternative use

B-1 · Lexington, KY
Zoning description

2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…

General category COMMERCIAL

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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