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Property profile & analytics
OFF-MARKET Estimated value $3,605,000
Industrial properties

601 Bizzell Dr Lexington, KY 40510-1023

16,650 SF 4.79 ac lot Built 1987
Entity Owned 8-yr Hold Free & Clear
Property ID
US34-0606369
Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1987
Total area 16,650 SF
Lot 4.79 ac (208,652 SF)
Zoning code I-1
APN 12793700
UPID US34-0606369
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
  • Commercial Finishes Inc Construction Company General Contractor
  • BrandSafway Solutions Lexington General Contractor Construction Company
  • Absolute Services HVAC Service General Contractor
  • Cross Country Distributing Inc Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.95M
Blend (final) Blend
$3.61M
Owner & transaction history
Frm Lawson LLC · 8 yrs held
Frm Lawson LLC
since 2017
5 recorded transactions
2018
Price N/A
2017
$1.6M
2016
$1.4M
2016
Price N/A
2014
$965,000
Zoning & alternative use
I-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

I-1 or I-2 zone. Home occupation means a gainful occupation or profession carried on in a residence that does not involve customer or client visits to the residence (excluding pick-up or pre-ordered items or drop-off of items to be repaired); and materials or equipment used in the conduct of the home occupation is limited to items that have minimal potential…

Zone name Light Industrial
General category INDUSTRIAL
Zone area 4,436.91 ac
Top alternative use upside
Restaurant $5.4M +47.1%
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