Property profile

951 Enterprise Ct Lexington, KY 40510

OFF-MARKET
Commercial land
Property ID
US34-2248765
4 ac lot
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4-acre parcel of I-1 zoned land presents a rare opportunity in Lexington, Kentucky's competitive industrial real estate market. Located within the Alexandria Business Park, this property boasts convenient access to major transportation arteries, including Interstates 75 and 64, situated just off New Circle Road and Old Frankfort Pike. Its strategic location within 5.5 miles of the I-75/I-64 interchange provides unparalleled access to a significant portion of the US population, making it ideal for distribution or light manufacturing. Previous development plans indicate the potential to construct approximately 46,000 square feet of warehouse space, incorporating four loading docks. The property is divisible, with options for purchasing smaller acreage starting at one acre. The seller is also open to build-to-suit opportunities, offering flexibility to tailor the development to specific business needs. The property's location within the established Alexandria Business Park ensures a thriving business environment, surrounded by successful enterprises. The asking price for this exceptional property is $1,200,000. The parcel's APN is 38283270, and the address is 951 Enterprise Ct, Lexington, KY 40510. This is a unique chance to acquire a highly desirable industrial site in a rapidly growing area.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 4 ac (174,240 SF)
Zoning code I-1
APN 38283270
UPID US34-2248765

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

951 Enterprise Ct Lexington, KY 40510-1034
Lexington metro Census 3702 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$875k

Owner & transaction history

since 2026
Last sale
$875,000
4 recorded transactions
2026
$700,000
2025
Price N/A
2022
$1.0M
2020
$1.3M

Zoning & alternative use

I-1 · Lexington, KY
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…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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