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Property profile & analytics
OFF-MARKET
Estimated value
$2,520,000
Car washes
4201 Saron Dr Lexington, KY 40515-6301
Entity Owned
2-yr Hold
Free & Clear
Property ID
US34-0474906
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1993
Total area
722 SF
Lot
1.02 ac (44,431 SF)
Zoning code
B-6P
APN
20114360
UPID
US34-0474906
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
-
Caseys Gas Station
-
Minit Mart Grocery & Convenience Store
-
ATM (Tates Creek South Shell) Atm
-
Western Union Bank Credit Union
-
Godfather's Pizza Express Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.52M
Owner & transaction history
Caseys Marketing Company · 2 yrs held
Caseys Marketing Company
since 2023
Last sale
$3.3M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$3,490 / 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
$27,941
Tax year 2023
Assessed value
$2,259,500
Assessed 2023
Previous assessed
$2,570,000
-12.1% YoY
Effective rate
1.24%
On assessed value
Total market value
$2,259,500
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1993
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Units
2
Total area
722 SF
Lot
1.02 ac (44,431 SF)
Zoning code
B-6P
APN
20114360
UPID
US34-0474906
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.
Building & site characteristics
From public records
Year built
1993
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.02 ac
Current owner
From public records · entity-resolved
Caseys Marketing Company
Entity
Free & Clear · 2 yrs held
Mailing address
1 SE CONVENIENCE BLVD, ANKENY, IA 50021-9672
Ownership since
2023
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
Nov 9, 2023
$3,334,478
Caseys Marketing Company
Minit Mart LLC
Special Warranty Deed
—
Dec 19, 2018
$2,259,460
Minit Mart LLC
Ta Operating LLC
Deed
—
Sep 8, 2015
$2,570,000
Ta Operating LLC
Tcss1 LLC
Deed
—
Jun 2, 2015
$1,100,000
Tcss2 LLC
Tates Creek South Shell Ltd Ptnrshi
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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