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    1232 Lancaster Ave Unit, Unit C Richmond, KY 40475

    New
    For Lease
    $1,200 /Mo ($5 SF/Yr)

    COMMERCIAL - Richmond, KY

    Type:Office
    Property size:
    2,623 SF
    Lot size:
    0.42 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 11:06 am

    Property Features for 1232 Lancaster Ave Unit

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Security features
    Security System
    Rooms
    Basement
    APN
    0056-0000-0009-A
    Parking
    4
    Basement
    Walk-Up Access
    Size
    2,623 SF
    Lot size
    0.42 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Floors in Building
    2

    Realty World Adams & Associates, Inc. (859) 314-7878 [email protected]

    Listing agent Monica Marcum (859) 623-1900

    Listing date Dec 1, 2025

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Richmond, KY Office Space

    This professional office space is situated in a prime location with high visibility and easy client access via a private entrance. The suite, encompassing 772 square feet, features a modern layout that includes two private offices, a reception area, a full bath, storage space, and a kitchenette. A bonus conference room is available for reservation. The space is move-in ready and benefits from ample on-site parking, internet access, and convenient connectivity to Eastern Kentucky University (EKU) and the Eastern By-Pass. The property is located in Richmond, Kentucky, in Madison County. The lot size is 0.4177 acres. The overall property size is 2623 square feet. Flexible lease terms are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.308779
    Latitude
    37.729597

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    FAQs

    What type of property is this?
    Office space - Professional office space in prime location with high visibility.
    Where is this office space located?
    The property is located at 1232 Lancaster Ave Unit, Unit C Richmond, KY.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - Prime location with high visibility and easy client access.; - Move-in ready, modern 772 SF suite featuring **two private offices, reception area, full bath, storage, and kitchenette.**; - Ample on-site parking and internet access included.
    (859) 623-1900
    Request Owner's contact information
    1232 Lancaster Ave Unit, Unit C Richmond, KY 40475
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    Richmond, KY 40475
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    Realmo Value Estimation

    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.

    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.

    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
    1232 Lancaster Ave Unit, Unit C Richmond, KY 40475
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