Technical
Financial
Distress signals
Property profile

2573 Richmond Rd Lexington, KY 40509

OFF-MARKET
Community centers
Property ID
US34-0621011
37,897 SF 3.06 ac lot Built 1988
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

A 2,561-square-foot retail space is located within French Quarter Square, a combined retail and office center totaling approximately 37,500 square feet. The center is situated on Richmond Road, just off New Circle Road, in southeast Lexington, Fayette County, Kentucky, on a 3.06-acre lot. The space includes existing dressing rooms and is configured for retail use. The property is positioned adjacent to a DoubleTree by Hilton, and the center includes multiple established tenants, contributing to regular customer traffic within the retail area.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1988
Total area 37,897 SF
Lot 3.06 ac (133,294 SF)
Zoning code B-3
APN 10039150
UPID US34-0621011

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
  • Tutoring Service
  • Barber Shop
  • Pharmacy
  • Training Center (Bike/Boat/Book/etc) Store
  • Event Planning Wedding Service

Location

2573 Richmond Rd Lexington, KY 40509-1700
Lexington metro Census 3910 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.48M

Owner & transaction history

since 2026
2 recorded transactions
2026
$8.5M
2025
Price N/A

Zoning & alternative use

B-3 · Lexington, KY
Zoning description

ional parking regulations.) (d) Screening. Landscaping and screening shall be provided as required in Article 18 . (e) Lot, Yard, and Height Requirements. Lot and yard requirements shall be as for the Corridor Business (…

General category COMMERCIAL

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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