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Property profile & analytics
OFF-MARKET Estimated value $525,000
Office buildings

713 Millpond Rd Lexington, KY 40514-1570

4,408 SF 0.55 ac lot Built 1996
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US34-0105183
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1996
Total area 4,408 SF
Lot 0.55 ac (23,958 SF)
Zoning code P-1
APN 19972750
UPID US34-0105183
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
  • New Moon Counseling and Wellness, LLC Psychotherapist Mental Health Service
  • Shelter Insurance Insurance Agency
  • Mc Cloud Claims Services Inc Insurance Agency
  • April Noble Salon and Spa Hair Salon Nail Salon
  • Spill the Tea, LLC Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$915k
Blend (final) Blend
$525k
Owner & transaction history
Central Bk & Tr Co · 7 yrs held
Central Bk & Tr Co
since 2019
2 recorded transactions
2019
$496,000
2019
$620,000
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
Commercial (general) $980,000 +19.6%
Medical building $905,000 +10.8%
Retail stores $855,000 +4.7%
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