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    Property profile & analytics

    518 Codell Dr Lexington, KY 40509

    • Industrial properties
    • 16,658 SF
    • 0.64 lot acres
    For Sale
    View listing
    $1,950,000
    Value Estimation
    Location Intelligence
    Property ID
    US34-0430538
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Murty Pharmaceuticals Inc / Pharmaceutical Company

    Property Details for 518 Codell Dr

    Year built
    1972
    Lot size
    0.64 lot acres
    Property size
    16,658 SF
    Zone code
    I-1
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    17229290
    APU
    17229290

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4506
    Latitude
    38.0226
    CBSA code
    30460
    CBSA name
    LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,848
    $0.00
    $0.00
    $715,500
    -
    $0.00
    $0.00
    $715,500

    Comparable in this City

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      6,000 SF

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      400 Blue Sky Pkwy, Lexington, KY 40509-9445
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    • Value Estimation by Request
      3,200 SF

      507 Blue Sky Pkwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 3,200 SF
      507 Blue Sky Pkwy, Lexington, KY 40509-9456
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    • Value Estimation by Request
      8,696 SF

      648 Blue Sky Pkwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 8,696 SF
      648 Blue Sky Pkwy, Lexington, KY 40509-9447
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    • Value Estimation by Request
      6,000 SF

      657 Blue Sky Pkwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 6,000 SF
      657 Blue Sky Pkwy, Lexington, KY 40509-9459
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    • Value Estimation by Request
      10,000 SF

      1143 Brock Mcvey Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 10,000 SF
      1143 Brock Mcvey Dr, Lexington, KY 40509-4116
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    • Value Estimation by Request
      8,540 SF

      2544 Palumbo Dr, Unit 2552

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 8,540 SF
      2544 Palumbo Dr, Lexington, KY 40509-1203
      View Details

    Similar Nearby for Sale

    • $1,950,000

      Functional Industrial Facility For Sale

      16,850 SF industrial facility with income security.
      518 Codell Dr, Lexington, KY 40509
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      Lexington Retail/Office Building For Sale

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      Second-floor office condo, perfect for business ventures. Stop paying rent!
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    Similar Nearby for Lease

    • $9 SF/Yr
      3,882 SF

      Lexington Flex Space Available

      Versatile flex space with office and warehouse components for lease.
      2428 Palumbo Dr, Lexington, KY 40509
      View Details
    • $11 SF/Yr
      2,500 SF

      Versatile Flex Space in Lexington

      2,500 SF flex space with office and warehouse components.
      2350 Palumbo Dr, Lexington, KY 40509
      View Details
    • $819 /Mo
      11,000 SF

      Lexington Flex Space Available

      Flex space units for rent in Lexington, Kentucky.
      381 United Ct, Lexington, KY 40509
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    • $862 /Mo
      11,000 SF

      Lexington Flex Space Available

      Flex space units in Lexington, close to I-75.
      371 United Ct, Lexington, KY 40509
      View Details
    • $862 /Mo
      11,000 SF

      Lexington Flex Space For Rent

      Flex space units in Lexington, close to I-75 and I-64.
      371 United Ct, Lexington, KY 40509
      View Details
    • $862 /Mo
      11,000 SF

      Lexington Flex Space Available

      Flex space units in Lexington, close to major interstates.
      371 United Ct, Lexington, KY 40509
      View Details

    Property Visit Statistics

    • Visits by month
      589
    • Visitors by month
      499
    • Avg Time on site
      23 min
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    518 Codell Dr
    Lexington, KY 40509
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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