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    Property profile & analytics

    2420 Richmond Rd Lexington, KY 40502-1301

    • Grocery and convenience stores
    • 3,598 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    $3,535,000
    Last Sale
    Nov 03, 2023
    $2,679,389
    Location Intelligence
    Property ID
    US34-0562134
    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

    • Traxx / Gas Station / Car Wash
    • Eg America / Gas Station
    • goodstop by Casey's / Gas Station / Convenience Store
    • Minit Mart / Convenience Store
    • ATM (Traxx) / Atm

    Property Details for 2420 Richmond Rd

    Year built
    1999
    Lot size
    0.42 lot acres
    Property size
    3,598 SF
    Zone code
    B-3
    Property type
    Grocery and convenience stores
    APN
    15828900
    APU
    15828900

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,900,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,680,000
      6.5%
      $2,605,000
      7%
      $2,755,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,895,000
      Geo Method
      $2,775,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,405,000
      Retail
      $2,675,000
      Mixed-Use
      $2,510,000
      Hospitality
      $2,455,000
      Educational
      $2,715,000
      Residential Income
      $2,905,000
      Energy
      $2,815,000
      Income-Based Land
      $2,465,000
      Food Service
      $2,775,000

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4604
    Latitude
    38.0138
    CBSA code
    30460
    CBSA name
    LEXINGTON-FAYETTE, KY METROPOLITAN 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
    $22,452
    $0.00
    $0.00
    $1,815,600
    -
    $0.00
    $0.00
    $1,815,600

    Comparable in this City

    • Value Estimation by Request
      3,425 SF

      507 Euclid Ave

      CONVENIENCE STORE • 3,425 SF
      507 Euclid Ave, Lexington, KY 40502-1735
      View Details
    • Value Estimation by Request
      2,600 SF

      801 803rd E Main St

      CONVENIENCE STORE • 2,600 SF
      801 803rd E Main St, Lexington, KY 40502
      View Details
    • Value Estimation by Request
      1,892 SF

      299 Sherman Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 1,892 SF
      299 Sherman Ave, Lexington, KY 40502-1555
      View Details
    • Value Estimation by Request
      2,304 SF

      2910 Tates Crk Rd

      CONVENIENCE STORE • 2,304 SF
      2910 Tates Crk Rd, Lexington, KY 40502-2924
      View Details
    • Value Estimation by Request
      987 SF

      2221 Richmond Rd

      CONVENIENCE STORE • 987 SF
      2221 Richmond Rd, Lexington, KY 40502-1306
      View Details
    • Value Estimation by Request
      77,103 SF

      704 Euclid Ave

      GROCERY, SUPERMARKET • 77,103 SF
      704 Euclid Ave, Lexington, KY 40502-1740
      View Details

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    Property Visit Statistics

    • Visits by month
      0
    • Visitors by month
      10.5k
    • Avg Time on site
      8 min
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    2420 Richmond Rd
    Lexington, KY 40502-1301
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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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