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    Property profile & analytics

    118 Lester St Berea, KY 40403

    • Commercial real estate
    • 3,328 SF
    For Sale
    View listing
    $425,000
    Value Estimation
    Last Sale
    Apr 03, 2020
    $52,000
    Location Intelligence
    Property ID
    US34-1642806
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 118 Lester St

    Property size
    3,328 SF
    Property type
    Commercial real estate
    APN
    B006-0011-0005-D
    APU
    B00600110005D

    Description

    This exceptional 3,328 square foot free-standing retail building, situated on a 0.23-acre lot in Berea, Kentucky, presents a compelling investment opportunity. Completely renovated in 2022, the property boasts new electrical systems, lighting, windows, and drywall, ensuring modern functionality and efficiency. The building features two stories, with a potential live-in owner's loft or income-generating apartment. Its B-2 zoning allows for a wide range of commercial uses, maximizing its versatility and potential for diverse business ventures. The property includes a private parking lot, providing ample convenience for customers and employees. Located at 118 Lester St, Berea, KY 40403, this property offers a unique blend of modern amenities and prime location, making it an ideal choice for owner-occupants or investors seeking a high-return investment in a thriving Kentucky community. The asking price is $425,000, translating to $127.70 per square foot. This represents a significant value proposition given the recent renovations and the property's versatile zoning and location.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Berea
    County
    Madison
    State
    Kentucky
    Longitude
    -84.2999
    Latitude
    37.5704
    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
    $2,289
    $0.00
    $0.00
    $175,000
    -
    $0.00
    $0.00
    $175,000

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    118 Lester St
    Berea, KY 40403
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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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