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    Property profile & analytics

    2950 Richmond Rd Lexington, KY 40509-1712

    • Auto shops
    • 5,120 SF
    • 0.54 lot acres
    OFF-MARKET
    Value Estimation
    $875,000
    Last Sale
    Jun 21, 2022
    $731,000
    Location Intelligence
    Property ID
    US34-0628956
    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

    • Goodyear Auto Service / Tire Shop / Auto Repair Shop
    • Burke Furniture / Furniture Store / Bedding Store

    Property Details for 2950 Richmond Rd

    Year built
    1985
    Lot size
    0.54 lot acres
    Property size
    5,120 SF
    Zone code
    B-3
    Property type
    Auto shops
    APN
    20840400
    APU
    20840400

    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
    -84.4515
    Latitude
    38.0058
    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
    $9,040
    $0.00
    $0.00
    $731,000
    -
    $0.00
    $0.00
    $731,000

    Comparable in this City

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      5,930 SF

      2080 Bryant Rd

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      2,880 SF

      6412 Athens Boonesboro Rd

      AUTO REPAIR, GARAGE • 2,880 SF
      6412 Athens Boonesboro Rd, Lexington, KY 40509-9601
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      5,184 SF

      632 Blue Sky Pkwy

      AUTO REPAIR, GARAGE • 5,184 SF
      632 Blue Sky Pkwy, Lexington, KY 40509-9447
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      48,304 SF

      213 Blue Sky Pkwy

      AUTO REPAIR, GARAGE • 48,304 SF
      213 Blue Sky Pkwy, Lexington, KY 40509-9419
      View Details
    • Value Estimation by Request
      8,000 SF

      196 Blue Sky Pkwy

      AUTO REPAIR, GARAGE • 8,000 SF
      196 Blue Sky Pkwy, Lexington, KY 40509-9418
      View Details
    • Value Estimation by Request
      6,179 SF

      3043 Richmond Rd

      AUTO REPAIR, GARAGE • 6,179 SF
      3043 Richmond Rd, Lexington, KY 40509-1508
      View Details

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    Similar Nearby for Lease

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      Lexington Retail Center: Multiple spaces available.
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      Lexington Retail Endcap Opportunity

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      Lexington Retail Space For Rent

      Retail space in high-traffic Lexington corridor with excellent visibility.
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      Lexington Retail Center Investment Opportunity

      High-traffic Lexington shopping center with available space.
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    Property Visit Statistics

    • Visits by month
      14.6k
    • Visitors by month
      10.5k
    • Avg Time on site
      13 min
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    2950 Richmond Rd
    Lexington, KY 40509-1712
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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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