256 Boggs Ln Richmond, KY 40475-2591
Property profile & analytics
256 Boggs Ln, Richmond, KY 40475-2591
- Car washes
- 2,157 SF
Property ID
US34-1106699
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.
Location Intelligence
Current Use by Public Records
- Boggs Lane Car Wash / Car Wash
Property Details for 256 Boggs Ln
- Property size
- 2,157 SF
- Property type
- Car washes
- APN
- R11A-0001-0001
- APU
- R11A00010001
Description
This exceptional investment opportunity presents two established car washes in Richmond, KY, located at 256 Boggs Ln and 125 S Keeneland Dr. The portfolio encompasses a total of 8,045 square feet across two buildings situated on 1.94 acres of commercially zoned land. Built in 1997 and 1998, these properties boast high visibility, with over 31,500 vehicles passing daily. Recent upgrades include modernized payment stations accepting coins, bills, and cryptocurrency. Benefiting from a strong location near Eastern Kentucky University (over 12,000 students and 2,500 faculty/staff), major retailers (Walmart, Lowe's, Kroger, etc.), and projected market growth exceeding 2.5% over the next five years, this portfolio offers significant upside potential. The close proximity of the two locations (less than 4 miles apart) allows for efficient management. The absence of a current monthly membership program presents an additional avenue for revenue growth. Furthermore, the properties qualify for bonus depreciation, enhancing investment returns. This fee-simple ownership offers a rare chance to acquire both the buildings, businesses, and underlying real estate, securing a commanding 50% market share in Richmond's limited car wash sector.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Madison
- State
- Kentucky
- Longitude
- -84.2861
- Latitude
- 37.7322
- 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
$2,668
$0.00
$0.00
$275,000
-
$0.00
$0.00
$275,000
