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Property profile & analytics
OFF-MARKET Estimated value $4,380,000
Industrial properties

708 Miles Pt Way Lexington, KY 40510-1008

22,038 SF 3.48 ac lot Built 2014
Entity Owned 13-yr Hold Free & Clear
Property ID
US34-0734771
Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 2014
Total area 22,038 SF
Lot 3.48 ac (151,589 SF)
Zoning code I-1
APN 38247520
UPID US34-0734771
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
  • Kinemetrix Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.80M
Blend (final) Blend
$4.38M
Owner & transaction history
Wolf Run Creek Holdings LLC · 13 yrs held
Wolf Run Creek Holdings LLC
since 2012
1 recorded transaction
2012
$450,000
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 $7.2M +47.1%
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