Property profile

2008 Merchant Dr Richmond, KY 40475

OFF-MARKET
Strip malls
Property ID
US34-1456219
19,637 SF 1.25 ac lot
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,500 square foot retail space is located at 2008 Merchant Drive in Richmond, Kentucky, zip code 40475. The property is a single-story building within a larger retail center, offering high visibility and accessibility from a major thoroughfare. Currently configured as office space, this versatile unit presents a fantastic opportunity for a variety of retail businesses. The space is part of a multi-tenant building, zoned B-3, providing ample opportunity for synergy with neighboring businesses. Recent upgrades to the exterior of the center have enhanced its curb appeal, and new management is in place, ensuring a well-maintained and professionally managed environment. The surrounding area boasts a diverse range of businesses, including healthcare, financial services, and beauty salons, creating a strong customer base and high foot traffic. This prime location offers excellent potential for a thriving retail operation. The property is readily available for lease and is ready for immediate occupancy. Interested parties should inquire for lease terms and conditions.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Total area 19,637 SF
Lot 1.25 ac (54,450 SF)
APN 0068-008A-0004
UPID US34-1456219

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
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Business Service Center Postal Service
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician

Location

2008 Merchant Dr Richmond, KY 40475-8188
Richmond metro Census 10301 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
by Request
Blend (final) Blend
$2.76M

Owner & transaction history

since 2026
Last sale
$2.5M
2 recorded transactions
2026
$3.3M
2022
$2.5M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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