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Property profile & analytics
OFF-MARKET Estimated value $810,000
Industrial properties

781 Westland Dr Lexington, KY 40504-1015

5,486 SF 0.58 ac lot Built 1972
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US34-0539819
Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1972
Total area 5,486 SF
Lot 0.58 ac (25,443 SF)
Zoning code I-2
APN 14727150
UPID US34-0539819
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
by Request
Comparable Approach Comparable
$888k
Blend (final) Blend
$810k
Owner & transaction history
Newton Realty Co INC · 7 yrs held
Newton Realty Co INC
since 2018
2 recorded transactions
2018
Price N/A
2016
Price N/A
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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