Back to Search
Property profile & analytics
FOR LEASE
Strip malls
3199 Beaumont Centre Cir 12 Lexington, KY 40513
Entity Owned
~
Est. High Equity
Property ID
US34-0535547
For Lease
1 / 19
$12,000/Mo
3199 Beaumont Centre Cir,Unit 12, Lexington, KY 40513
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Total area
66,361 SF
Lot
5.01 ac (218,236 SF)
Zoning code
B-6P
APN
19965360
UPID
US34-0535547
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
-
Cls Travel Agency
-
CLC Lodging Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.82M
Owner & transaction history
C & R Asphalt Land Acquisition Co L
C & R Asphalt Land Acquisition Co L
since 2025
Last sale
$14.8M
4 recorded transactions
Zoning & alternative use
B-6P · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$23,970,000
Change: 0% · Conversion: Difficult
RESTAURANT
$21,655,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$14,655,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$13,650,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$12,855,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$12,155,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$14.82M
Range $13.33M – $16.30M · ±10% · vs last sale $14.82M (Dec 9 2025)
Last sale anchor
$14.82M
Dec 9 2025
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
$223 / 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
$87,799
Tax year 2023
Assessed value
$7,100,000
Assessed 2023
Previous assessed
$7,100,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Total market value
$7,100,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1998
Heating
YES
Cooling
WINDOW A/C
Stories
2
Total area
66,361 SF
Lot
5.01 ac (218,236 SF)
Zoning code
B-6P
APN
19965360
UPID
US34-0535547
Jurisdiction
FAYETTE
Zoning & alternative use
B-6P · Lexington, KY
Zoning B-6P · permitted uses
B-6P · 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
AUTO REPAIR, GARAGE
Est. value
$24.0M
RESTAURANT
Est. value
$21.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.7M
MEDICAL BUILDING
Est. value
$13.7M
RETAIL STORES
Est. value
$12.9M
COMMERCIAL (GENERAL)
Est. value
$12.2M
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1998
Heating
YES
Cooling
Yes
Stories
2
Lot
5.01 ac
Current owner
From public records · entity-resolved
C & R Asphalt Land Acquisition Co L
Entity
Mailing address
3197 BEAUMONT CTR CIR, LEXINGTON, KY 40513-1957
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2025
$14,815,000
C & R Asphalt Land Acquisition Co L
Tetterton Family Re Holdings LLC
Warranty Deed
$11,111,250 · First State Bank
Dec 17, 2018
—
Tetterton Family Real Est Holdings
—
Deed
related
$7,400,000 · Old Natl Bk
Nov 17, 2017
—
Tetterton Family Real Est Holdings
—
Deed
related
$1,360,000 · Michael & Sharon Tetterton Tennessee Dyn
Nov 3, 2017
$6,800,000
Tetterton Family Real Est Holdings
Kroger Ltd Ptnrship I
Deed
$5,440,000 · Old Natl Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
