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    Property profile & analytics

    400-500 Eastern Byp Richmond, KY 40475

    • Lifestyle centers
    • 48,980 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 400-500 Eastern Byp

    Year built
    1974
    Property size
    48,980 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Shoppers Village of Richmond, located at 400-500 Eastern Bypass in Richmond, Kentucky, presents a unique opportunity for businesses seeking retail, office, or restaurant space. This established shopping center, totaling 48,980 square feet, offers multiple tenancy options with a minimum divisible space of 1,800 square feet and a maximum contiguous space of 6,000 square feet. Currently, 15,600 square feet of space is vacant, providing flexibility for various business needs. Built in 1974, the property sits on a generous 8.5-acre lot and includes ample parking with 400 spaces. Its convenient location, just one block from Eastern Kentucky University (with over 14,000 students), ensures high visibility and foot traffic. The property is zoned C, making it suitable for a range of commercial uses. This Madison County property offers a strong investment opportunity in a vibrant community. Available spaces range from 2,350 to 4,600 square feet, with the potential for leasing the entire 48,980 square feet. The property's size, location, and ample parking make it an ideal choice for businesses seeking a prominent presence in Richmond, Kentucky. Contact us today to learn more about this exceptional commercial property.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.3144
    Latitude
    37.7363

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    400-500 Eastern Byp
    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
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