Technical
Financial
Distress signals
Property profile

651 Red Mile Rd Lexington, KY 40504

OFF-MARKET
Car washes
Property ID
US34-0611667
3,304 SF 0.56 ac lot Built 1986
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 1986
Total area 3,304 SF
Lot 0.56 ac (24,394 SF)
Zoning code B-1
APN 10017410
UPID US34-0611667

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
  • Car Wash

Location

651 Red Mile Rd Lexington, KY 40504-1151
Lexington metro Census 1900 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2024
Last sale
$400,000
3 recorded transactions
2024
$400,000
2024
$230,000
2023
$380,000

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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