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Property profile & analytics
OFF-MARKET Estimated value $560,000
Warehouses

917 Contract St Lexington, KY 40505-3665

3,500 SF 0.91 ac lot Built 2000
Individually Owned 14-yr Hold Free & Clear
Property ID
US34-0429522
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2000
Total area 3,500 SF
Lot 0.91 ac (39,574 SF)
Zoning code I-1
APN 38016030
UPID US34-0429522
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
$560k
Blend (final) Blend
$560k
Owner & transaction history
Thomas A Friley · 14 yrs held
Thomas A Friley
since 2012
1 recorded transaction
2012
$132,500
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) $775,000 +27.1%
Medical building $720,000 +17.8%
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