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Property profile & analytics
OFF-MARKET Estimated value $650,000
Industrial properties

721 Westland Dr 729 Lexington, KY 40504-1015

8,700 SF 0.34 ac lot Built 1969
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US34-0435444
Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1969
Total area 8,700 SF
Lot 0.34 ac (14,810 SF)
Zoning code I-2
APN 16327525
UPID US34-0435444
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$845k
Comparable Approach Comparable
$675k
Blend (final) Blend
$650k
Owner & transaction history
Ghs Duty Properties LLC · 3 yrs held
Ghs Duty Properties LLC
since 2023
Last sale
$625,000
1 recorded transaction
2023
$625,000
Zoning & alternative use
I-2 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 for di…

Zone name Heavy Industrial
General category INDUSTRIAL
Zone area 800.05 ac
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