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Property profile & analytics
OFF-MARKET Estimated value $710,000
Warehouses

805 Contract St Lexington, KY 40505-3613

5,100 SF 0.43 ac lot Built 1991
Entity Owned 3-yr Hold Free & Clear
Property ID
US34-0421506
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1991
Total area 5,100 SF
Lot 0.43 ac (18,731 SF)
Zoning code I-1
APN 13896703
UPID US34-0421506
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
  • Vals Auto Collision Repair LLC Auto Repair Shop
  • 1337 Mushroom LLC Electronics & Wireless Store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$565k
Comparable Approach Comparable
$958k
Blend (final) Blend
$710k
Owner & transaction history
Contract Street 805 LLC · 3 yrs held
Contract Street 805 LLC
since 2023
Last sale
$515,000
2 recorded transactions
2023
Price N/A
2023
$515,000
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
Commercial (general) $1.1M +27.1%
Apartment house (5+ units) $1.1M +26.5%
Medical building $1.1M +17.8%
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