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Property profile & analytics
OFF-MARKET
Strip malls
4379 Old Harrodsburg Rd Lexington, KY 40513-8005
Entity Owned
9-yr Hold
Free & Clear
Property ID
US34-0491790
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
24,658 SF
Lot
6.18 ac (269,201 SF)
Zoning code
B-6P
APN
38167250
UPID
US34-0491790
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
-
Freshie's Ice Cream & Soda Fountain Grocery & Convenience Store Specialty Food Shop
-
Brick Oven Pizzeria 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
by Request
Owner & transaction history
Tcss2 LLC · 9 yrs held
Tcss2 LLC
since 2016
7 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
—
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
$93,731
Tax year 2023
Assessed value
$7,579,700
Assessed 2023
Previous assessed
$7,579,700
+0.0% YoY
Effective rate
1.24%
On assessed value
Total market value
$7,579,700
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
Off-Market
Year built
2006
Heating
NONE
Buildings
5
Total area
24,658 SF
Lot
6.18 ac (269,201 SF)
Zoning code
B-6P
APN
38167250
UPID
US34-0491790
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
2006
Heating
NONE
Buildings
5
Lot
6.18 ac
Current owner
From public records · entity-resolved
Tcss2 LLC
Entity
Free & Clear · 9 yrs held
Mailing address
131 KENTUCKY AVE, LEXINGTON, KY 40502-1754
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2022
—
Dsw One LLC
—
Deed
related
$500,000 · L&n Federal Credit Union
Aug 30, 2017
—
William J Trust Hall
—
Deed
related
$5,600,000 · L&n Fed Cr Un
Aug 9, 2016
$7,247,000
Tcss2 LLC
South Elkhorn Village LLC
Deed
—
Aug 9, 2016
—
Tcss2 LLC
—
Deed
related
$5,647,000 · Whitaker Bk INC
Nov 1, 2013
$3,800,000
South Elkhorn Village LLC
Tb Managed Assets III LLC
Deed
—
Apr 30, 2012
$4,680,000
Tb Managed Assets III LLC
Traditional Bk
Deed
—
May 27, 2011
$6,890,188
Traditional Bk
Elkhorn Dev Co 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.
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