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Property profile & analytics
FOR LEASE
Community centers
127 W Tiverton Way Lexington, KY 40503
Entity Owned
2-yr Hold
Free & Clear
Property ID
US34-0469078
For Lease
1 / 2
$19,100,000
127 W Tiverton Way, Lexington, KY 40503
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Total area
93,858 SF
Lot
11.63 ac (506,603 SF)
Zoning code
B-3
APN
22017907
UPID
US34-0469078
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
-
Ross Dress for Less Clothing Store Department Store
-
Shoe Carnival Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Half Price Books (Bike/Boat/Book/etc) Store
-
Zundo Izakaya Ramen, Sushi Robata Restaurant
-
Poke Bowl & Boba Tea Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$19.10M
CAP Approach
CAP
$18.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.10M
Owner & transaction history
Wood Fayette Center LLC · 2 yrs held
Wood Fayette Center LLC
since 2024
Last sale
$19.1M
2 recorded transactions
Zoning & alternative use
B-3 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$19,100,000
ML approach
$19,100,000
CAP Approach
CAP Return
Estimation
6%
$19,935,000
6.5%
$18,400,000
7%
$17,090,000
Alternative Use
Use
Estimation
RESTAURANT
$30,625,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$20,725,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$19,305,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$18,180,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$17,190,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$16,380,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$19.10M
Range $17.19M – $21.01M · ±10% · vs last sale $19.10M (Feb 9 2024)
Last sale anchor
$19.10M
Feb 9 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$203 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$167,967
Tax year 2023
Assessed value
$13,583,000
Assessed 2023
Previous assessed
$13,583,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Total market value
$13,583,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1987
Heating
NONE
Buildings
2
Total area
93,858 SF
Lot
11.63 ac (506,603 SF)
Zoning code
B-3
APN
22017907
UPID
US34-0469078
Jurisdiction
FAYETTE
Zoning & alternative use
B-3 · Lexington, KY
Zoning B-3 · permitted uses
B-3 · Lexington, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$30.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.7M
MEDICAL BUILDING
Est. value
$19.3M
RETAIL STORES
Est. value
$18.2M
COMMERCIAL (GENERAL)
Est. value
$17.2M
WAREHOUSE, STORAGE
Est. value
$16.4M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Buildings
2
Lot
11.63 ac
Current owner
From public records · entity-resolved
Wood Fayette Center LLC
Entity
Free & Clear · 2 yrs held
Mailing address
321 HENRY ST, LEXINGTON, KY 40508-1258
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2024
$19,100,000
Wood Fayette Center LLC
Fayette Place Improvements Owner Ll
Special Warranty Deed
—
Aug 21, 2015
$22,720,000
Fayette Place Improvements Owner Ll
Fayette Place Improvements Ltd Ptnr
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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