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Property profile & analytics
OFF-MARKET
Estimated value
$137,000,000
Retail space
151 Larue Ste 100 Lexington, KY 40517-8395
Entity Owned
Absentee Owner
Free & Clear
Property ID
US34-2122158
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Zoning code
MU-3
APN
38265640
UPID
US34-2122158
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$137.00M
Owner & transaction history
FRITZ FARM RETAIL COMPANY LLC · 1 yrs held
FRITZ FARM RETAIL COMPANY LLC
since 2025
Last sale
$137.0M
1 recorded transaction
Zoning & alternative use
MU-3 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Sec. 28-5. - Mixed use 3: Mixed use Community Zone (MU-3). Sec. 28-6. - Provisions applicable to all mixed use zones. Sec. 28-7. Reserved. Article 29 - NEIGHBORHOOD DESIGN CHARACTER OVERLAY (ND-1) ZONE ARTICLE 30 - OUTDOOR LIGHTING CODE COMPARATIVE TABLE LEGISLATION STATE LAW REFERENCE TABLE KY Lexington-Fayette County, KY Lexington-Fayette Urban County Gove…
Zone name
Mixed Use Community
General category
MIXED_USE
Zone area
138.05 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$114,031
Tax year 2023
Assessed value
$9,221,300
Assessed 2023
Previous assessed
$9,221,300
+0.0% YoY
Effective rate
1.24%
On assessed value
Total market value
$9,221,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Zoning code
MU-3
APN
38265640
UPID
US34-2122158
Jurisdiction
FAYETTE
Zoning & alternative use
MU-3 · Lexington, KYZoning MU-3 · permitted uses
MU-3 · Lexington, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Sec. 28-5. - Mixed use 3: Mixed use Community Zone (MU-3). Sec. 28-6. - Provisions applicable to all mixed use zones. Sec. 28-7. Reserved. Article 29 - NEIGHBORHOOD DESIGN CHARACTER OVERLAY (ND-1) ZONE ARTICLE 30 - OUTDOOR LIGHTING CODE COMPARATIVE TABLE LEGISLATION STATE LAW REFERENCE TABLE KY Lexington-Fayette County, KY Lexington-Fayette Urban County Government Zoning Code
Zone name
Mixed Use Community
General category
MIXED_USE
Zone area
138.05 ac
Building & site characteristics
From public records
Year built
2017
Current owner
From public records · entity-resolved
FRITZ FARM RETAIL COMPANY LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2200 MAGNOLIA AVE S STE #101, BIRMINGHAM, AL 35205-2489
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2025
$137,000,000
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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.
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