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Property profile & analytics
OFF-MARKET Estimated value $485,000
Office buildings

709 Millpond Rd Lexington, KY 40514-1561

4,346 SF 0.4 ac lot Built 1997
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US34-0641595
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1997
Total area 4,346 SF
Lot 0.4 ac (17,424 SF)
Zoning code P-1
APN 19972740
UPID US34-0641595
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
  • Authentic Joy, LLC Consultant
  • Gogo Charters Lexington Travel Agency Tour Operator
  • Reynolds and Olsen Crisis Center Medical Clinic
  • The Law Office of C.H. Sweeney, PLLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$537k
Blend (final) Blend
$485k
Owner & transaction history
Largo Management LLC · 4 yrs held
Largo Management LLC
since 2022
2 recorded transactions
2022
Price N/A
2017
Price N/A
Zoning & alternative use
P-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 Professional Office
General category COMMERCIAL
Zone area 2,004.90 ac
Top alternative use upside
Retail stores $845,000 +4.7%
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