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    1037 Fortune Dr Richmond, KY 40475

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    For Sale
    $1,995,000

    41+ acre industrial site with engineered pads near I-75.

    Property Features for 1037 Fortune Dr

    General Information

    Zoning
    I-2 Heavy Industrial

    Source: John Bunch, SIOR Agent John Bunch, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pad-Ready Industrial Site Near I-75

    This 41+ acre industrial parcel is located in Central Kentucky, just off I-75 in Madison County. Situated approximately 4 miles from I-75 at Exit 83, the site is in an established Industrial Park managed by the City of Richmond. The property features two engineered pads ready to accommodate buildings of up to 406,500 square feet and 201,500 square feet, for a total of 608,000 square feet. The site requires minimal excavation work and offers access to abundant power and other utility infrastructure, as well as rail access and a private entry at the end of Fortune Drive. The property is zoned I-2 Heavy Industrial, Manufacturing. Richmond, located south of Lexington on the I-75 corridor, is experiencing rapid growth due to factors such as easy interstate access, proximity to Lexington, lower housing costs, a strong employment base, a regional university, and cultural and educational opportunities. Richmond was ranked 30th in the Top Micropolitans in the nation for new and expanded industry activity in 2010 and is currently the 7th most populous city in Kentucky. The city is home to Eastern Kentucky University, which has approximately 17,000 students.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Food Market Grocery Store Electronics Store Daycare Center Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.2709772
    Latitude
    37.6920404

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    FAQs

    What type of property is this?
    Industrial land - 41+ acre industrial site with engineered pads near I-75.
    Where is this industrial land located?
    The property is located at 1037 Fortune Dr Richmond, KY.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - Pad-ready 41+ acre industrial site with **two engineered pads in place, accommodating up to 608,000 sq ft of building space.**; - Excellent location **less than 4 miles from I-75** in an established Industrial Park.; - Access to abundant power, utility infrastructure, and rail access.
    (859) 433-8911
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    1037 Fortune Dr 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
    1037 Fortune Dr Richmond, KY 40475
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