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Property profile & analytics
OFF-MARKET Estimated value $7,540,000
Industrial properties

780 Miles Pt Way Lexington, KY 40510-1008

27,000 SF 6.15 ac lot Built 2005
Individually Owned 17-yr Hold Free & Clear
Property ID
US34-0510771
Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 2005
Total area 27,000 SF
Lot 6.15 ac (267,894 SF)
Zoning code I-1
APN 19980050
UPID US34-0510771
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
  • Fayette County Public Schools Bus garage School Bus Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.26M
Blend (final) Blend
$7.54M
Owner & transaction history
Board Of Education Of Fayette Count · 17 yrs held
Board Of Education Of Fayette Count
since 2008
1 recorded transaction
2008
$2.5M
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
Auto repair, garage $9.9M +64.7%
Restaurant $8.8M +47.1%
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