Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2632 Richmond Rd Lexington, KY 40509-1501

    • Car washes
    • 2,430 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    $1,245,000
    Last Sale
    May 19, 2022
    $1,000,000
    Location Intelligence
    Property ID
    US34-0584004
    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

    • Shammy's Auto Wash / Car Wash
    • Richmond Road Plaza / Shopping Mall

    Property Details for 2632 Richmond Rd

    Year built
    2009
    Lot size
    0.42 lot acres
    Property size
    2,430 SF
    Zone code
    B-3
    Property type
    Car washes
    APN
    10841800
    APU
    10841800

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,370,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,035,000
      6.5%
      $1,050,000
      7%
      $910,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,055,000
      Geo Method
      $915,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $955,000
      Retail
      $990,000
      Mixed-Use
      $1,205,000
      Hospitality
      $865,000
      Educational
      $1,000,000
      Residential Income
      $920,000
      Energy
      $1,180,000
      Income-Based Land
      $865,000
      Food Service
      $875,000

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4561
    Latitude
    38.0098
    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
    $13,233
    $0.00
    $0.00
    $1,070,100
    -
    $0.00
    $0.00
    $1,070,100

    Comparable in this City

    • Value Estimation by Request
      7,337 SF

      2899 Richmond Rd

      CAR WASH • 7,337 SF
      2899 Richmond Rd, Lexington, KY 40509-1506
      View Details
    • Value Estimation by Request
      1,412 SF

      3110 Old Todds Rd

      CAR WASH • 1,412 SF
      3110 Old Todds Rd, Lexington, KY 40509-5000
      View Details
    • Value Estimation
      $4,300,000
      3,600 SF

      1821 Alysheba Way

      CAR WASH • 3,600 SF
      1821 Alysheba Way, Lexington, KY 40509-2209
      View Details
    • Value Estimation by Request
      2,200 SF

      150 Old Todds Rd

      CAR WASH • 2,200 SF
      150 Old Todds Rd, Lexington, KY 40509-5036
      View Details
    • Value Estimation
      $1,920,000
      836 SF

      3100 Mapleleaf Dr

      CAR WASH • 836 SF
      3100 Mapleleaf Dr, Lexington, KY 40509-1240
      View Details
    • Value Estimation
      $4,850,000
      3,680 SF

      2576 Richmond Rd

      CAR WASH • 3,680 SF
      2576 Richmond Rd, Lexington, KY 40509-1527
      View Details

    Similar Nearby for Sale

    • $489,000

      Lexington Retail/Office Building For Sale

      4,336 SF retail/office building with high visibility.
      2100 Liberty Rd, Lexington, KY 40509
      View Details
    • $1,200,000
      1.30 Acres

      Richmond Rd Retail Outlot

      1.3-acre prime retail land, Lexington, KY
      2891 Richmond Rd, Lexington, KY 40509
      View Details
    • Contact for pricing

      Community Shopping Center For Sale

      Community shopping center with high traffic and multiple access points.
      1505-1557 E New Circle Rd, Lexington, KY 40509
      View Details
    • $6,306,524
      7,755 SF

      Lexington Retail Center Investment

      Prime Lexington retail, 100% occupied, strong tenants.
      2887 Richmond Rd, Lexington, KY 40509
      View Details
    • $1,100,000
      1.01 Acres

      Eastland Shopping Center Outlot

      Prime 1.01-acre outlot in established Eastland Shopping Center.
      1311 Winchester Rd, Lexington, KY 40509
      View Details
    • $179,900
      955 SF

      Lexington Office Condo For Sale

      Second-floor office condo, perfect for business ventures. Stop paying rent!
      80 Codell Dr Unit, Lexington, KY 40509
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      36,000 SF

      Patchen Square Retail Center

      Lexington, KY: Prime Retail Space Available
      2860 Richmond Rd, Lexington, KY 40509
      View Details
    • $25 SF/Yr
      35,460 SF

      Lexington Retail Space: Liberty Rd

      Prime Retail/Office Space, Lexington, KY
      2985 Liberty Rd, Lexington, KY 40509
      View Details
    • $20 SF/Yr
      12,000 SF

      Lexington Retail Strip Center

      High-traffic location, 1,150 sq ft available
      3094 Richmond Rd, Lexington, KY 40509
      View Details
    • $25 SF/Yr
      36,000 SF

      Retail Center on Richmond Road

      New retail center with drive-thru in southeast Lexington.
      2860 Richmond Rd, Lexington, KY 40509
      View Details
    • $21 SF/Yr
      2,400 SF

      Lexington Retail Space For Rent

      Retail spaces available in Lexington at Richmond Rd & Man-O-War.
      3122-3168 Richmond Rd, Lexington, KY 40509
      View Details
    • $20 SF/Yr
      37,500 SF

      French Quarter Square Retail Spaces

      Lexington Retail Center: Multiple spaces available.
      2573 Richmond Rd, Lexington, KY 40509
      View Details

    Property Visit Statistics

    • Visits by month
      15.1k
    • Visitors by month
      13.2k
    • Avg Time on site
      69 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2632 Richmond Rd
    Lexington, KY 40509-1501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.