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Property profile & analytics
OFF-MARKET Estimated value $780,000
Warehouses

815 Contract St Lexington, KY 40505-3613

7,000 SF 0.34 ac lot Built 1980
Entity Owned 10-yr Hold Free & Clear
Property ID
US34-0490034
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1980
Total area 7,000 SF
Lot 0.34 ac (15,002 SF)
Zoning code I-1
APN 13896707
UPID US34-0490034
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
  • Cecil's Heating & Air Conditioning Inc. HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$781k
Blend (final) Blend
$780k
Owner & transaction history
Mdb Ventures LLC · 10 yrs held
Mdb Ventures LLC
since 2015
2 recorded transactions
2015
$330,000
2014
$265,000
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
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