Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    130 Tiverton Way Lexington, KY 40503-4421
    Property profile & analytics

    130 Tiverton Way, Lexington, KY 40503-4421

    View on Map
    • Strip malls
    • 40,000 SF
    • 4.00 lot acres
    Off-Market
    Property ID
    US34-0426999
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Willis Music Lexington / (Bike/Boat/Book/etc) Store
    • Aspire Fitness / Gym & Fitness Center
    • Yamamoto Japanese Grill & Sushi / Hair Salon / Nail Salon
    • CPR Cell Phone Repair Lexington - Fayette / Electronics & Wireless Store / Computer & Electronic Repair
    • La Taquiza Taqueria (Tíverton Way) / Restaurant

    Property Details for 130 Tiverton Way

    Year built
    1980
    Lot size
    4.00 lot acres
    Zone code
    B-3
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    22017902
    APU
    22017902

    Description

    This exceptional single-story retail strip center, known as Tiverton Shoppes, offers 40,000 square feet of retail space in Lexington, Kentucky. Located at 130 W Tiverton Way, this property boasts 14 individual suites, providing ample opportunity for diverse businesses. Currently, there are 7,000 square feet of vacant space available, presenting a prime chance for expansion or new tenancy. The center enjoys a highly desirable location directly off Nicholasville Road, strategically positioned between The Summit at Fritz Farm and Fayette Mall, ensuring high visibility and foot traffic. This prime location within Fayette County offers excellent access to major thoroughfares and a dense residential population. The property features a single building with no elevators, making it easily navigable. The available space presents a unique opportunity for businesses seeking a well-established retail presence in a thriving Lexington market. With its convenient location and ample space, Tiverton Shoppes is an ideal investment for retailers looking to establish or expand their operations in a high-traffic area. The zip code is 40503.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5309
    Latitude
    37.9804
    CBSA code
    30460
    CBSA name
    LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $75,847
    $0.00
    $0.00
    $6,133,500
    -
    $0.00
    $0.00
    $6,133,500

    Comparable in this City

    • Value Estimation by Request
      11,840 SF

      2380 Norman Ln

      SHOPPING CENTER, STRIP CENTER
      2380 Norman Ln, Lexington, KY 40503-3011
      View Details
    • Value Estimation by Request
      24,900 SF

      3330 Partner Pl, Unit 3344

      SHOPPING CENTER, STRIP CENTER
      3330 Partner Pl, Lexington, KY 40503-3575
      View Details
    • Value Estimation by Request
      26,250 SF

      306 Southland Dr

      SHOPPING CENTER, STRIP CENTER
      306 Southland Dr, Lexington, KY 40503-1825
      View Details
    • Value Estimation by Request
      196,147 SF

      4051 Nicholasville Rd

      SHOPPING CENTER, STRIP CENTER
      4051 Nicholasville Rd, Lexington, KY 40503-4447
      View Details
    • Value Estimation by Request
      12,787 SF

      2434 Nicholasville Rd

      SHOPPING CENTER, STRIP CENTER
      2434 Nicholasville Rd, Lexington, KY 40503-3107
      View Details
    • Value Estimation
      $1,730,000
      5,455 SF

      124 Burt Rd

      SHOPPING CENTER, STRIP CENTER
      124 Burt Rd, Lexington, KY 40503-2411
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Center on Nicholasville Road

      Retail spaces available in a high-traffic shopping center.
      3220 Nicholasville Rd, Lexington, KY 40503
      View Details
    • Contact for pricing

      West Zandale Plaza Retail/Office Center

      Retail/office center on 1.29 acres near hospitals and universities.
      151 West Zandale Dr, Lexington, KY 40503
      View Details
    • Contact for pricing

      New Retail Space at Venue

      New retail space in Lexington's high-traffic retail corridor.
      120 Malabu Dr, Lexington, KY 40503
      View Details
    • New
      $185,000
      Pending

      Versatile Commercial Suite on Nicholasville Road

      771 sq ft suite suitable for various professional uses.
      2121 Nicholasville Rd, Lexington, KY 40503
      View Details
    • Contact for pricing

      Retail and Office Suites For Sale

      Retail and office suites available in Lexington, Kentucky.
      160 Moore Dr, Lexington, KY 40503
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Regency Centre

      Retail space strategically located between Fayette Mall and University of Kentucky.
      2325 Nicholasville Rd, Lexington, KY 40503
      View Details
    • Contact for pricing
      12,325 SF

      Retail Space in Fayette Place

      Retail space available within a shopping center.
      127 W Tiverton Way, Lexington, KY 40503
      View Details
    • $21 SF/Yr
      12,325 SF

      Retail Space in Lexington, KY

      Retail space for lease in a high-traffic Lexington location.
      120 W Tiverton Way, Lexington, KY 40503
      View Details
    • Contact for pricing

      Open-Air Lifestyle Center Space

      Retail, restaurant, and entertainment spaces available in Lexington, KY.
      3401 Nicholasville Rd, Lexington, KY 40503
      View Details
    • Contact for pricing

      Premier Shopping Center Retail Space

      Retail space available in Fayette Mall, Lexington, Kentucky.
      3401 Nicholasville Rd, Lexington, KY 40503
      View Details
    • Contact for pricing

      Zandale Shopping Center Office Space

      8000 SF vacant space in established shopping center.
      2220 Nicholasville Rd, Lexington, KY 40503
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    130 Tiverton Way
    Lexington, KY 40503-4421
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    130 Tiverton Way, Lexington, KY, 40503
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!