Property profile

600 Perimeter Dr Lexington, KY 40517

OFF-MARKET
Office buildings
Property ID
US34-0312715
14,000 SF 0.86 ac lot Built 1984
Entity Owned 14-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Total area 14,000 SF
Lot 0.86 ac (37,287 SF)
Zoning code P-1
APN 20011370
UPID US34-0312715

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
  • Hair Salon
  • Physician Medical Clinic
  • General Contractor
  • Advertising Agency Marketing & Advertising
  • Medical Clinic

Location

600 Perimeter Dr Lexington, KY 40517-4119
Lexington metro Census 3402 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.94M
Blend (final) Blend
$1.33M

Owner & transaction history

since 2012
6 recorded transactions
2023
Price N/A
2021
Price N/A
2020
Price N/A
2019
Price N/A
2012
$1.3M
2011
$1.0M

Zoning & alternative use

P-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
Top alternative use upside
Commercial (general) $3.1M +19.6%
Medical building $2.9M +10.8%
Retail stores $2.7M +4.7%

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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