Multi-Tenant Retail
New
For Sale
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152 West Tiverton Way, Lexington, KY 40503
B-3-zoned center with a mix of health, food, personal care, and financial service tenants.
Property Size14,224 SF
Price / SF$0.01
Days on Market5
Property Features for 152 West Tiverton Way
General Information
Standard status
Active
Size
14,224 SF
Property subtype
Retail
Zoning
B-3
Lease Term
NNN
Additional Details
Road Access
Yes
Building Details
Building Size
14,224 SF
Tenancy
Multi
Properties For Sale
at 152 West Tiverton Way Contact usSuite 150
Size
1,788 SF
Type
Strip Center
Term
Negotiable
Suite 150/160
Size
3,576 SF
Type
Strip Center
Term
Negotiable
Suite 160
Size
1,788 SF
Type
Strip Center
Term
Negotiable
Listed By:
Paul Ray Smith, Jr · License #KY #183529
(859) 420-2200
Source:
Naiglobal
Added: Oct 23
Last Checked: Oct 26 at 2:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paul Ray Smith, Jr
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Tiverton Center is a 14,224-square-foot retail property with spaces ranging from approximately 1,788 to 3,576 square feet that can be divided. The tenant mix includes Aptiva Health, Orange Leaf Frozen Yogurt, ARCpoint Labs, Faded Haircuts for Men, and Lendmark Financial. The property is zoned B-3, Highway Service Business.
The center is on West Tiverton Way, just off Nicholasville Road and Man O’ War Boulevard. On-site parking includes 71 spaces.
The center is on West Tiverton Way, just off Nicholasville Road and Man O’ War Boulevard. On-site parking includes 71 spaces.
Key Highlights
- 14,224‑square‑foot retail center
- Spaces range from approximately 1,788 to 3,576 SF and can be divided
- 71 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,534
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,680
$850.7K
Cap Rate 7%
$607,629
$607.6K
Cap Rate 9%
$472,600
$472.6K
Market Conditions
NOI Build-Up for 3,576 SF
Gross rent
$64.4K $18.00/SF
− Vacancy
−$3.6K −$1.01/SF
EGI
$60.8K $16.99/SF
− OpEx
−$18.2K −$5.10/SF
NOI
$42.5K $11.89/SF
Area
ZIP 40503
Vacancy
5.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,680
Cap Rate 7%
$607,629
Cap Rate 9%
$472,600
Alternative Uses
Best Use
Retail
$607.6K
$531.7K – $708.9K
NOI $42,534 @ 7.0% cap · market cap 197,832.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$745.1K
$651.9K – $869.2K
NOI $52,154 @ 7.0% cap · market cap 242,576.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
1.1M
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 28%
Dining 23%
Superstores 15%
Shops & Services 11%
Walmart
Superstores
159,361 visits/mo
0.2 miles
DICK'S Sporting Goods
Apparel
118,205 visits/mo
0.4 miles
Dillard's
Apparel
57,252 visits/mo
0.4 miles
Cinemark Fayette Mall
Leisure
55,513 visits/mo
0.2 miles
Whole Foods Market
Groceries
46,316 visits/mo
0.3 miles
Demographics for 40503, KY
28,073
Population
13,437
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
3,190
Density / Sq Mi
$74,161
Median Household Income
$43,061
Median Earnings
$1,110
Median Rent
$280,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - B-3-zoned center with a mix of health, food, personal care, and financial service tenants.
Where is this retail space located?
The property is located at 152 West Tiverton Way Lexington, KY.
What are key features of this property?
This property features: 14,224‑square‑foot retail center; Spaces range from approximately 1,788 to 3,576 SF and can be divided; 71 parking spaces
