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Property profile & analytics
OFF-MARKET Estimated value $3,565,000
Industrial properties

964 Contract St Lexington, KY 40505-3677

24,225 SF 1.27 ac lot Built 2006
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US34-0412554
Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 2006
Total area 24,225 SF
Lot 1.27 ac (55,321 SF)
Zoning code I-1
APN 38075950
UPID US34-0412554
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
  • M & L Electrical, Inc. Electrical Service General Contractor
  • Kentucky Solid Surface - Lexington Kitchen & Bath Showroom Hardware & Home Improvement
  • Askew Industrial Corporation Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.91M
Blend (final) Blend
$3.57M
Owner & transaction history
Evergreen Properties INC · 3 yrs held
Evergreen Properties INC
since 2022
1 recorded transaction
2022
Price N/A
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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