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    152 Tiverton Way Lexington, KY 40503-4437
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    Property profile & analytics

    152 Tiverton Way, Lexington, KY 40503-4437

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    • Strip malls
    • 14,224 SF
    • 1.49 lot acres
    Off-Market
    Property ID
    US34-0523300
    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

    • Orange Leaf Frozen Yogurt / Grocery & Convenience Store / Specialty Food Shop
    • Lendmark Financial Services LLC / Loan Service
    • Tiverton Center / Shopping Center & Mall
    • Scrub World / (Bike/Boat/Book/etc) Store
    • ANJAY's Kids / Medical Clinic

    Property Details for 152 Tiverton Way

    Year built
    1981
    Lot size
    1.49 lot acres
    Zone code
    B-3
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    22017903
    APU
    22017903

    Description

    Tiverton Center offers exceptional retail leasing opportunities in Lexington's prime retail hub. This single-story, 14,224 square foot center boasts a highly visible location on Tiverton Way, conveniently situated off Nicholasville Road and Man O' War Boulevard. The property features 71 parking spaces, providing ample parking for customers and employees (approximately one space per 200 square feet). Currently, there are two available spaces, ranging from a minimum of 1,757 square feet to a maximum contiguous space of 3,374 square feet, totaling 5,131 square feet of vacant space. The center is strategically positioned adjacent to major retailers like Walmart and Lowe's, and in close proximity to Fayette Mall, Lexington's premier regional shopping destination. This ensures high foot traffic and excellent visibility for prospective tenants. The property is zoned B-3, Highway Service Business, allowing for a variety of retail uses. Existing tenants include Orange Leaf Frozen Yogurt, Lendmark Financial, and ARCpoint Labs, creating a diverse and established tenant mix. This prime location offers unparalleled accessibility and exposure, making it an ideal opportunity for businesses seeking a thriving retail environment in a high-traffic area. The property's convenient location and strong tenant base make it a compelling investment for businesses looking to establish or expand their presence in Lexington's dynamic retail market.

    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
    -84.5327
    Latitude
    37.9809
    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
    $37,098
    $0.00
    $0.00
    $3,000,000
    -
    $0.00
    $0.00
    $3,000,000

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      196,147 SF

      4051 Nicholasville Rd

      SHOPPING CENTER, STRIP CENTER
      4051 Nicholasville Rd, Lexington, KY 40503-4447
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      12,787 SF

      2434 Nicholasville Rd

      SHOPPING CENTER, STRIP CENTER
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      5,455 SF

      124 Burt Rd

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    Similar Nearby for Sale

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      Retail Center on Nicholasville Road

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      West Zandale Plaza Retail/Office Center

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    • New
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      771 sq ft suite suitable for various professional uses.
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      Retail and Office Suites For Sale

      Retail and office suites available in Lexington, Kentucky.
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    Similar Nearby for Lease

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      12,325 SF

      Retail Space in Fayette Place

      Retail space available within a shopping center.
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    • $21 SF/Yr
      12,325 SF

      Retail Space in Lexington, KY

      Retail space for lease in a high-traffic Lexington location.
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      Open-Air Lifestyle Center Space

      Retail, restaurant, and entertainment spaces available in Lexington, KY.
      3401 Nicholasville Rd, Lexington, KY 40503
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      Premier Shopping Center Retail Space

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      Retail Space in Regency Centre

      Retail space strategically located between Fayette Mall and University of Kentucky.
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      Zandale Shopping Center Office Space

      8000 SF vacant space in established shopping center.
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    Lexington, KY 40503-4437
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    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.

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