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    Property profile

    1419 Lexington Rd Richmond, KY 40475

    FOR SALE
    Other office properties
    Property ID
    US34-1325990
    3,261 SF
    Entity Owned 6-yr Hold ~ Est. High Equity
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    1419 Lexington Rd, Richmond, KY 40475 For Sale 1 / 34
    $795,000 3,261 SF
    1419 Lexington Rd, Richmond, KY 40475
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    Property summary

    AI-generated overview

    The property is a former residence converted to commercial space, located in Richmond, Kentucky, and zoned B-3. After renovations completed in 2016, it features improvements including interior updates as well as exterior upgrades such as a replaced roof, new parking lot, and new exterior and interior paint. The building contains approximately 4,256 square feet on a 0.28-acre site and is arranged across two levels with options for conference space, 8 or more office spaces, and a fully finished basement area used for office and storage. The site provides convenient access to Interstate 75, downtown Richmond, and Eastern Kentucky University (EKU) Campus. The existing configuration supports professional office use and may also be suitable for boutique retail purposes, including uses such as professional services groups.

    Property profile

    Verified
    Property type Other office properties
    Use group OFFICE (GENERAL)
    Total area 3,261 SF
    APN R004-0003-0029
    UPID US34-1325990

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Current use

    Occupant on record · Public records
    • Geotechnical Engineer
    • Law Firm
    • Law Firm
    • Law Firm
    • Law Firm
    5 occupants on record

    Location

    1419 Lexington Rd Richmond, KY 40475
    Richmond metro Census 10202 RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA
    Google Maps

    Value estimations

    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $522k
    Blend (final) Blend
    $315k

    Owner & transaction history

    since 2019
    2 recorded transactions
    2019
    $360,000
    2019
    Price N/A

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
      $165,000
      1,632 SF
      244 2nd St
      OFFICE (GENERAL)
      244 2nd St, Richmond, KY 40475-2102
      View Details
    • Value Estimation
      $545,000
      6,677 SF
      155 Keeneland Dr
      OFFICE (GENERAL)
      155 Keeneland Dr, Richmond, KY 40475-3225
      View Details
    • Value Estimation
      $130,000
      840 SF
      519 Hampton Way Ste, Unit 6
      OFFICE (GENERAL)
      519 Hampton Way Ste, Richmond, KY 40475-8885
      View Details
    • Value Estimation
      $365,000
      5,968 SF
      228 2nd St
      OFFICE (GENERAL)
      228 2nd St, Richmond, KY 40475-2102
      View Details
    • Value Estimation
      $435,000
      2,688 SF
      1060 Ctr Dr
      OFFICE (GENERAL)
      1060 Ctr Dr, Richmond, KY 40475-3838
      View Details
    • Value Estimation
      $90,000
      1,482 SF
      310 Irvine St
      OFFICE (GENERAL)
      310 Irvine St, Richmond, KY 40475-1440
      View Details

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    • New
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    • $700/Mo
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