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Office Building with Income Potential
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1018 Ival James Blvd, Richmond, KY 40475

Office building offered for sale with a stated 8.00% cap rate and 9,026 SF total area.

Property Size9,026 SF
Days on Market116

Property Features for 1018 Ival James Blvd

General Information

Standard status Active
Size 9,026 SF
Property subtype Office
Occupancy 100%

Additional Details

Cap Rate 8%
Listing Agency: Matthews
Listed By: Andrew Evans · License #CA - 0255475
Source: Crexi
Added: Apr 11 Changed: Jul 22 Last Checked: Jul 23 at 10:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews

Investment Insights

Based on property information with market context.

This for-sale office building totals 9,026 SF and is presented with a stated 8.00% cap rate. The property is marketed as an office asset suitable for buyers evaluating income-producing commercial real estate.

The building is located at 1018 Ival James Blvd in Richmond, KY 40475.

All details provided in the listing reflect the property’s office classification and the stated financial and size figures; additional interior features, tenant configuration, and operating expenses are not included in the information provided.

Key Highlights

  • Office building for sale with a stated 8.00% cap rate
  • Total building area: 9,026 SF

Property Analytics

Current Use

Dr. Nuzhat Naqvi Pediatrician BHG Richmond Treatment ... Medical Clinic Atlas Pain and Spine Physician Thomas Frederick Whealton Physician Center for Behavioral Health ... Medical Clinic

Suggested Use

Top Pick Real Estate Agency Restaurant Nail Salon (Bike/Boat/Book/etc) Store Barber Shop Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

237
Businesses Nearby

Demographics for 40475, KY

62,531
Population
28,118
Households
2.2
Avg Household Size
35
Median Age
37%
College-Educated
93%
High-School Grad
287.3 sq mi
ZIP Area
218
Density / Sq Mi
$62,731
Median Household Income
$35,102
Median Earnings
$863
Median Rent
$232,700
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office building offered for sale with a stated 8.00% cap rate and 9,026 SF total area.
Where is this office building located?
The property is located at 1018 Ival James Blvd Richmond, KY.
What are key features of this property?
This property features: Office building for sale with a stated 8.00% cap rate; Total building area: 9,026 SF
More about this property
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