Back to Search
Property profile & analytics
FOR LEASE
Retail space
4040 Finn Way Lexington, KY 40517
Entity Owned
1-yr Hold
Free & Clear
Property ID
US34-0410793
For Lease
1 / 15
$20 SF/Yr
4040 Finn Way, Lexington, KY 40517
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Total area
2,329 SF
Lot
32.59 ac (1,419,490 SF)
Zoning code
MU-3
APN
22250400
UPID
US34-0410793
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
-
vineyard vines Clothing Store Children'S Clothing Store
-
The Barrel Market (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fritz Farm Owner LLC · 1 yrs held
Fritz Farm Owner LLC
since 2025
Last sale
$137.0M
5 recorded transactions
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
$796,720
Tax year 2023
Assessed value
$64,428,300
Assessed 2023
Previous assessed
$64,428,300
+0.0% YoY
Effective rate
1.24%
On assessed value
Total market value
$64,428,300
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
For Lease
Year built
2017
Heating
STEAM
Cooling
CENTRAL
Buildings
13
Stories
2
Bathrooms
2
Total area
2,329 SF
Lot
32.59 ac (1,419,490 SF)
Zoning code
MU-3
APN
22250400
UPID
US34-0410793
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
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
13
Bathrooms
2
Lot
32.59 ac
Current owner
From public records · entity-resolved
Fritz Farm Owner LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2200 MAGNOLIA AVE S STE #101, BIRMINGHAM, AL 35205-2489
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2025
$137,000,000
Fritz Farm Owner LLC
Fritz Farm Retail Company LLC
Special Warranty Deed
—
Aug 12, 2021
$800
Fritz Farm Retail Co II LLC
Fritz Farm Retail Co LLC
Deed
—
Dec 3, 2019
$1,700,000
Phg Lex Fritz LLC
Fritz Farm Retail Co II LLC
Deed
—
Jul 20, 2016
$661,500
Tdg Lex LLC
Fritz Farm Retail Co LLC
Condominium Deed
—
Jul 1, 2015
$13,063,714
Fritz Farm Retail Co LLC
Fritz Farms LLC
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
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.
