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Property profile & analytics
OFF-MARKET Estimated value $935,000
Industrial properties

701 7th St Lexington, KY 40505-3712

8,501 SF 1.54 ac lot Built 1966
Entity Owned 7-yr Hold Free & Clear
Property ID
US34-0494844
Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1966
Total area 8,501 SF
Lot 1.54 ac (66,952 SF)
Zoning code I-1
APN 13557125
UPID US34-0494844
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
  • The Brothers that just do Gutters Real Estate Agency Hardware & Home Improvement
  • L & W Auto Repair Auto Repair Shop
  • VetCor of the Bluegrass Hardware & Home Improvement Construction Company
  • Huber Real Estate LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$937k
Blend (final) Blend
$935k
Owner & transaction history
Huber Real Est #1 LLC · 7 yrs held
Huber Real Est #1 LLC
since 2019
3 recorded transactions
2019
$25,000
2016
$315,000
2012
$190,000
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
Warehouse, storage $1.5M +112.8%
Retail stores $1.2M +72.2%
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