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    105 E St Richmond, KY 40475

    View on Map
    Sponsored
    For Sale
    $815,000

    COMMERCIAL - Richmond, KY

    Property size:
    5,100 SF
    Lot size:
    0.25 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 14 at 5:06 pm

    Property Features for 105 E St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    R0009-0022-0014
    Size
    5,100 SF
    Lot size
    0.25 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Building materials
    Brick, Stone
    Roof type
    Metal

    We can help!

    Listing Contact
    Delma Peercy

    Realtors of Kentucky (859) 661-5117

    Listing agent Delma Peercy (859) 661-5117

    Listing date Mar 12, 2026

    MLS# 25507312

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Downtown Richmond Income-Producing Mixed-Use Property

    Located in downtown Richmond, Kentucky, this mixed-use property features a converted and redesigned warehouse with income-producing potential. The second floor contains a residential loft of approximately 2300 square feet, featuring a great room, kitchen and dining area, two bedrooms, two bathrooms, and a screened-in private porch. A stylish entrance and mudroom on the first floor include a custom stairway with solid ash treads and a dog washing station. Below the residential space are five rented offices sharing a conference room, kitchenette, full bath, washer and dryer, and waiting area. An additional building includes a lavish 1100-square-foot apartment above a four-car garage, with two bedrooms, two full baths, a deck, and an outside entrance. City gas is connected for gas lighting, a gas cooking range, and a small gas backup stove. Central heat and air units provide the main source of climate control. The seller currently collects $3300 per month in rent. The property includes a ground-level private courtyard with stamped concrete, sun screen, and a fire pit. The lot size is approximately 0.25 acres. The seller rents blacktop parking lot spaces and a storage building across the street. The new buyers will have the option to lease both loft homes for additional rental income. The property's total size is approximately 5100 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Studio 606 Therapeutic ... Alternative Medicine Practice Beautiful You Are, ... Gym & Fitness Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.288964
    Latitude
    37.745723

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    FAQs

    What type of property is this?
    Mixed-use property - Converted warehouse with residential loft, offices, and apartment.
    Where is this mixed-use property located?
    The property is located at 105 E St Richmond, KY.
    What is the asking price?
    The asking price for this property is $815,000.
    What are key features of this property?
    This property features: - Income-producing property with $3300/month rental income and potential for more.; - **Upscale 2300 sq ft loft features 2 bedrooms, 2 baths, and a private screened-in porch.**; - Additional 1100 sq ft apartment above the 4-car garage.
    (859) 661-5117
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    105 E St Richmond, KY 40475
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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.

    More about this property
    105 E St Richmond, KY 40475
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    We can help!
    Listing Contact
    Delma Peercy
    Real Estate License ID: 192717
    (859) 661-5117 (859) 624-8700 (859) 624-5090
    Learn more
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