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    145 Estill Ave Richmond, KY 40475

    For Sale
    $675,000

    5,856 SF Flex Warehouse, I-2 Zoning

    Property size:
    5,856 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5,856-square-foot industrial flex warehouse in Richmond, Kentucky, presents a compelling investment or owner-occupancy opportunity. Built in 2018 and situated on a 0.57-acre lot, this property boasts I-2 zoning and is conveniently located near downtown Richmond. The building features two approximately 2,900-square-foot units, each with its own 12' x 14' grade-level door and separate main glass door access. High ceilings (13 feet) and finished drywall provide versatile space. Each unit benefits from a 200-amp electric service and shares a single water meter. The property includes on-site parking for 15 vehicles, with additional street parking available. Currently, one unit houses a private soccer instruction business (with a lease in place), and the other is occupied by the owner, who may consider a leaseback arrangement. Both units could potentially be vacated for a new owner-occupant. This property offers a rare combination of size, location, and amenities, making it an ideal choice for a variety of businesses. The asking price is $675,000, translating to $115.27 per square foot.

    Property Features for 145 Estill Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    5,856 SF

    Building Details

    Year Built
    2018

    HighLights

    • 5,856 SF industrial flex warehouse available for sale or lease.
    • Suitable for owner‑occupancy or investment.
    • Zoned I‑2, situated on a 0.57‑acre lot with 15 on‑site parking spaces plus street parking.
    • Features two +/- 2,900 SF units; one currently used for soccer instruction, the other a 50/50 office/warehouse combination occupied by the owner.
    • 13'2" clear height, 12' x 14' grade level doors, and finished drywall ceilings.
    • Each suite has a separate 200‑amp electrical service; one shared water meter.
    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.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.2852158
    Latitude
    37.7451827

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    FAQs

    What type of property is this?
    Distribution property - 5,856 SF Flex Warehouse, I-2 Zoning
    Where is this distribution property located?
    The property is located at 145 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: 5,856 SF industrial flex warehouse available for sale or lease.; Suitable for owner-occupancy or investment.; Zoned I-2, situated on a 0.57-acre lot with 15 on-site parking spaces plus street parking.
    Request Owner's contact information
    145 Estill Ave 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 Estill Ave Richmond, KY 40475
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