Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1030 Amberly Way Richmond, KY 40475
    Back to Search
    Property profile & analytics

    1030 Amberly Way, Richmond, KY 40475

    View on Map
    • Land
    • 1.45 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1030 Amberly Way

    Lot size
    1.45 lot acres
    Property type
    Land

    Description

    This exceptional 1.45-acre commercial land parcel, zoned B-3, presents a prime development opportunity in Richmond, Kentucky. Located at 1030 Amberly Way, this property enjoys a highly desirable location near the intersection of I-75 exit 87, placing it within easy reach of a thriving retail, hospitality, and office corridor. The area is a hub of activity, serving commuters, Eastern Kentucky University students and staff, Baptist Hospital personnel, and interstate travelers seeking dining and shopping options. This strategic position benefits from significant existing infrastructure and is further enhanced by the proximity to the Goggins Lane mixed-use project and a new multi-million dollar city park currently under development. The B-3 zoning allows for a wide range of commercial uses, including hotels, restaurants, and inline retail establishments, making this an ideal site for investors seeking high-impact development potential. The asking price for this exceptional property is $995,000. The lot size is 1.45 acres, offering ample space for a variety of development projects. This is a rare opportunity to acquire a strategically located commercial land parcel in a rapidly growing area of Richmond, Kentucky. The property is available for both sale and lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.3277
    Latitude
    37.7326

    Comparable in this City

    • Value Estimation by Request

      I-75 Exit 95

      Land
      I-75 Exit 95, Richmond, KY 40475
      View Details
    • Value Estimation by Request
      0.92 Acres

      Four Mile Rd

      Land
      0 Four Mile Rd, Richmond, KY 40475
      View Details
    • Value Estimation by Request
      1.25 Acres

      Highland Park Dr

      Land
      0 Highland Park Dr, Richmond, KY 40475
      View Details
    • Value Estimation by Request
      19.00 Acres

      I-75 Exit 95 / Boonesborough Rd

      Land
      I-75 Exit 95 / Boonesborough Rd, Richmond, KY 40475
      View Details
    • Value Estimation by Request
      1.45 Acres

      1030 Amberly Way

      Land
      1030 Amberly Way, Richmond, KY 40475
      View Details
    • Value Estimation by Request
      12.00 Acres

      Boonesborough Rd

      Land
      0 Boonesborough Rd, Richmond, KY 40475
      View Details

    Similar Nearby for Sale

    • $179,900
      5.01 Acres

      Cleared Land in Richmond, KY

      5 acres of cleared land, ready for building a home.
      1719 Four Mile Rd, Richmond, KY 40475
      View Details
    • $115,000
      5.81 Acres

      Richmond, KY - 5 Acres

      5+ acre lot near Richmond, KY, ideal for building.
      650 Jigg Water Rd, Richmond, KY 40475
      View Details
    • $1,995,000
      41.56 Acres

      Prime I-75 Industrial Land

      41+ Acres, Pad-Ready, I-75 Access
      1037 Fortune Dr, Richmond, KY 40475
      View Details
    • $65,000
      13.00 Acres

      Unimproved Land in Richmond, KY

      13 acres of unimproved land without road access.
      9999 Woodland Heights Rd, Richmond, KY 40475
      View Details
    • $3,200,000
      Pending

      Richmond, KY Land For Sale

      2.206 acre lot available in Richmond, Kentucky.
      999 Dr Robert Martin Byp, Richmond, KY 40475
      View Details
    • $599,000
      1.03 Acres

      High-Visibility Commercial Lot in Richmond, KY

      Prime I-75 location, 1.03 acres, high traffic.
      6 Hampton Way, Richmond, KY 40475
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      I-75 Exit 95 Development Land

      12-acre commercial land near Richmond, KY.
      I-75 Exit 95, Richmond, KY 40475
      View Details
    • $10 SF/Yr
      1,946 SF

      Richmond Flex/Industrial Facility For Rent

      Flex/industrial facility with office and warehouse space for lease.
      6013 Atwood Dr, Richmond, KY 40475
      View Details
    • $4,750 /Mo
      5,600 SF

      Richmond Commercial Space I-75 Frontage

      Versatile commercial space with I-75 frontage in Richmond, Kentucky.
      2827 Lexington Rd, Richmond, KY 40475
      View Details
    • $7 SF/Yr

      Renovated Richmond Industrial Property

      43,000 SF industrial warehouse with excess yard space for lease.
      509 N 3Rd St, Richmond, KY 40475
      View Details
    • $1,500 /Mo
      1,500 SF

      Move-in Ready Retail Space

      High-visibility retail space suitable for various businesses.
      307 Jason Dr, Richmond, KY 40475
      View Details
    • $2,750 /Mo
      Pending

      Commercial Property with Automotive Features

      B-3 zoned commercial property with automotive service capabilities.
      1601 Foxhaven Dr, Richmond, KY 40475
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1030 Amberly Way
    Richmond, KY 40475
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1030 Amberly Way, Richmond, KY, 40475
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!