Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    130 Meadowlark Dr Richmond, KY 40475-2238
    Back to Search
    Property profile & analytics

    130 Meadowlark Dr, Richmond, KY 40475-2238

    View on Map
    • Assisted living facilities
    Off-Market
    Last Sale Mar 4, 2021
    $6,056,168
    Property ID
    US34-1211687
    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
    $6,055,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Debra R. England-Hall, PTA / Physician
    • Kenwood Health and Rehabilitation / Rehabilitation Center / Nursing Home
    • Reliant Rehabilitation / Rehabilitation Center

    Property Details for 130 Meadowlark Dr

    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    R003-0002-0001-B
    APU
    R00300020001B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,855,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.3093
    Latitude
    37.739
    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
    $58,745
    $0.00
    $0.00
    $6,056,168
    -
    $0.00
    $0.00
    $6,056,168

    Comparable in this City

    • Value Estimation
      $2,275,000

      131 Meadowlark Dr

      HOMES (RETIRED, NURSING)
      131 Meadowlark Dr, Richmond, KY 40475-2235
      View Details
    • Value Estimation
      $2,240,000
      9,753 SF

      133 Meadowlark Dr

      HOMES (RETIRED, NURSING)
      133 Meadowlark Dr, Richmond, KY 40475-2235
      View Details
    • Value Estimation by Request
      2,070 SF

      1505 Lexington Rd

      MEDICAL BUILDING
      1505 Lexington Rd, Richmond, KY 40475-1060
      View Details
    • Value Estimation
      $1,700,000
      8,734 SF

      311 Radio Park Dr

      MEDICAL BUILDING
      311 Radio Park Dr, Richmond, KY 40475-2399
      View Details
    • Value Estimation
      $1,700,000
      10,132 SF

      351 Radio Park Dr

      MEDICAL BUILDING
      351 Radio Park Dr, Richmond, KY 40475-2454
      View Details
    • Value Estimation by Request
      6,000 SF

      118 Meridian Way

      Medical Office Space
      118 Meridian Way, Richmond, KY 40475
      View Details

    Similar Nearby for Sale

    • $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
    • Contact for pricing
      1,787 SF

      Richmond Office Space For Sale

      Office spaces with private restrooms and flexible floor plan.
      309 Spangler Dr, Richmond, KY 40475
      View Details
    • Contact for pricing

      Regional Shopping Center on I-75

      685,000 SF shopping center anchored by major retailers.
      & I-75 Barnes Mill Rd, Richmond, KY 40475
      View Details
    • $169,000
      Pending

      Richmond, KY Land Opportunity

      5.13 acre lot ready for your dream home.
      2800 Duncannon Rd, Richmond, KY 40475
      View Details
    • $239,900
      1,800 SF

      Income-Producing Duplex in Richmond, KY

      Fully occupied duplex near Richmond Bypass with strong rental demand.
      216 Valley St, Richmond, KY 40475
      View Details
    • $79,000
      1.04 Acres

      Residential Land in Single-Family Community

      Residential land for building a single-family home in Richmond, KY.
      108 Dawn Ct, 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
    • $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
    • $7 SF/Yr
      Pending

      Industrial Facility in Richmond, KY

      Industrial facility with expansion potential in Richmond Industrial Park.
      2025 James Howard Dr, Richmond, KY 40475
      View Details
    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      2013 Lantern Ridge 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.
    130 Meadowlark Dr
    Richmond, KY 40475-2238
    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
    130 Meadowlark Dr, 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!