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    145 N Estill Ave Richmond, KY 40475

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    For Sale
    $675,000

    5,856 SF flex warehouse occupied by credit tenant.

    Property size:
    5,856 SF

    Property Features for 145 N Estill Ave

    General Information

    Size
    5,856 SF

    Building Details

    Year built
    2018

    Source: Neal Metcalfe Agent Neal Metcalfe

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

    Overview

    Richmond Flex Warehouse Investment Opportunity

    This 5,856 SF flex warehouse space in Richmond, KY, is currently occupied by KOI-Fisher Auto Parts, with a lease extending to May 2025 and includes two five-year options. The property is situated on a 0.57-acre site and features 15 on-site parking spaces, with street parking also available. Constructed by a contractor owner for personal use and shared tenancy, the building is now 100% occupied by the tenant during the lease term. The interior includes finished drywall ceilings reaching up to 13 feet and two grade-level doors measuring 12'x14'. The property is equipped with separated 200 amp electric service for each suite and one water meter. Richmond is experiencing rapid growth due to its convenient interstate access, proximity to Lexington, affordable housing, a strong employment base, a regional university, and diverse cultural and educational opportunities. The city is home to Eastern Kentucky University, which has approximately 17,000 students. Historic downtown Richmond features 19th-century commercial districts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Fountain of Flavors Bartending

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.285841
    Latitude
    37.744583

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    FAQs

    What type of property is this?
    Flex space - 5,856 SF flex warehouse occupied by credit tenant.
    Where is this flex space located?
    The property is located at 145 N Estill Ave Richmond, KY.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Credit tenant (KOI-Fisher Auto Parts) occupied through May 2025 with two 5-year options.; - 100% tenant occupied with NNN lease (details available upon signing CA).; - 5,856 SF flex warehouse space constructed in 2018.
    (859) 312-8069
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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
    145 N Estill Ave Richmond, KY 40475
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