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Property profile & analytics
OFF-MARKET Estimated value $1,030,000
Grocery and convenience stores

641 Red Mile Rd Lexington, KY 40504-1151

1,800 SF 0.41 ac lot Built 1986
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US34-0306254
Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1986
Total area 1,800 SF
Lot 0.41 ac (17,860 SF)
Zoning code B-1
APN 10017400
UPID US34-0306254
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
  • Red Mile Mart Atm
  • Hidalgo taqueria Restaurant
  • Marathon Gas Gas Station
  • ATM Atm
  • Sunoco Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.32M
Blend (final) Blend
$1.03M
Owner & transaction history
Four Sis Prop LLC · 5 yrs held
Four Sis Prop LLC
since 2021
Last sale
$750,000
4 recorded transactions
2021
$750,000
2018
$1.0M
2012
$470,000
2011
$250,000
Zoning & alternative use
B-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 permitted in the P-1 and B-1 zone except for drive-through facilities. (d) Conditional Uses. The following shall be conditional uses in the MU-1 z…

Zone name Neighborhood Business
General category COMMERCIAL
Zone area 983.23 ac
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