Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    100 Eastern Byp Richmond, KY 40475-2302
    Back to Search
    Property profile & analytics

    100 Eastern Byp, Richmond, KY 40475-2302

    View on Map
    • Hotels
    • 9,251 SF
    Off-Market
    Last Sale Jan 3, 2023
    $4,025,000
    Property ID
    US34-1997737
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,025,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Best Western Richmond Hotel / Hotel & Motel
    • Patient Voices Matter / Patients Support Association

    Property Details for 100 Eastern Byp

    Property type
    Hotels
    APN
    R002-0005-0001
    APU
    R00200050001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 3, 2023 $4,025,000 Prosper Hospitality LLC Ashtavinayak LLC Deed $4M · Peoples Bank
    Jul 12, 2019 $1,600,000 Ashtavinayak LLC Madison Murphy Realty LLC Deed $2.5M · Century Bank Of Kentucky INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,140,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.3216
    Latitude
    37.7351
    CBSA code
    40080
    CBSA name
    RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $39,043
    $0.00
    $0.00
    $4,025,000
    -
    $0.00
    $0.00
    $4,025,000

    Comparable in this City

    • Value Estimation by Request
      2,772 SF

      206 Calumet Dr

      HOTEL/MOTEL
      206 Calumet Dr, Richmond, KY 40475-3261
      View Details
    • Value Estimation by Request
      51,962 SF

      1990 Colby Taylor Dr

      HOTEL/MOTEL
      1990 Colby Taylor Dr, Richmond, KY 40475-8844
      View Details
    • Value Estimation by Request
      1.71 Acres

      3019 Berea Rd

      HOTEL/MOTEL
      3019 Berea Rd, Richmond, KY 40475-7715
      View Details
    • Value Estimation by Request
      3,438 SF

      233 Churchill Dr

      HOTEL/MOTEL
      233 Churchill Dr, Richmond, KY 40475-3256
      View Details
    • Value Estimation by Request
      1,771 SF

      105 Killarney Ln

      HOTEL
      105 Killarney Ln, Richmond, KY 40475-3525
      View Details
    • Value Estimation by Request
      49,563 SF

      1099 Barnes Ml Rd

      HOTEL/MOTEL
      1099 Barnes Ml Rd, Richmond, KY 40475-8772
      View Details

    Similar Nearby for Sale

    • $2,000,000
      16,280 SF

      Richmond Hotel in High Traffic

      52-room hotel in Richmond, Kentucky, a turnkey business opportunity.
      230 Eastern Lot Byp, Richmond, KY 40475
      View Details
    • $200,000
      3.15 Acres

      Waterfront Retreat on Kentucky River

      3.15-acre waterfront property with camper pads and boat dock.
      3492 River Dr, Richmond, KY 40475
      View Details
    • $1,200,900
      6.89 Acres

      Prime Richmond KY Land Investment

      6.89 Acres, Exceptional Development Potential
      3570 Berea Rd, 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
    • $885,000

      Renovated Office/Retail Historic Home

      Highly visible, renovated historic home ideal for office or retail.
      1419 Lexington Rd, Richmond, KY 40475
      View Details
    • $49,500
      0.19 Acres

      Richmond, KY Land For Sale

      0.19 acre lot available off Main St, Madison County.
      811 E Main St, Richmond, KY 40475
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      1,950 SF

      Retail Space in Richmond, KY

      Retail property available for lease in Richmond, Kentucky.
      309 Steep St, 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
    • New
      $7,000 /Mo
      5,330 SF

      Triple Net Commercial Property

      Triple net lease offering at 122 E Main Street in Richmond, KY for qualified tenants seeking a dedicated commercial site.
      122 E Main St, Richmond, KY 40475
      View Details
    • 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
    • $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

    Property Visit Statistics

    • Visits by month
      47.8k
    • Visitors by month
      31.3k
    • Avg Time on site
      14 min
    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.
    100 Eastern Byp
    Richmond, KY 40475-2302
    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
    100 Eastern Byp, 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!