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    Property profile & analytics

    2440 Richmond Rd Lexington, KY 40502-1301

    • Automotive properties
    • 38,423 SF
    • 4.10 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US34-0621024
    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

    • Lagrew Motors / Used Car Dealer
    • James Motor Company Mercedes-Benz / Used Car Dealer / Auto Repair Shop

    Property Details for 2440 Richmond Rd

    Year built
    1986
    Lot size
    4.10 lot acres
    Property size
    38,423 SF
    Zone code
    B-3
    Property type
    Automotive properties
    APN
    13476150
    APU
    13476150

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4601
    Latitude
    38.0129
    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
    $80,379
    $0.00
    $0.00
    $6,500,000
    -
    $0.00
    $0.00
    $6,500,000

    Comparable in this City

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      905 National Ave

      AUTO REPAIR, GARAGE • 5,700 SF
      905 National Ave, Lexington, KY 40502-1435
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      217 Walton Ave

      AUTO REPAIR, GARAGE • 2,950 SF
      217 Walton Ave, Lexington, KY 40502-1451
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      7,346 SF

      721 National Ave

      AUTO REPAIR, GARAGE • 7,346 SF
      721 National Ave, Lexington, KY 40502-1431
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    • Value Estimation by Request
      3,425 SF

      507 Euclid Ave

      CONVENIENCE STORE • 3,425 SF
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    • Value Estimation by Request
      962 SF

      513 High St

      RETAIL STORES (PERSONAL SERVICES) • 962 SF
      513 High St, Lexington, KY 40502-6444
      View Details

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    Property Visit Statistics

    • Visits by month
      0
    • Visitors by month
      10.5k
    • Avg Time on site
      6 min
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    2440 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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