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    Property profile & analytics

    3040 Richmond Rd Lexington, KY 40509-1507

    • Retail space
    • 23,453 SF
    • 1.11 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US34-0629689
    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

    • Liquor Barn / Beer Store / Cigar Shop

    Property Details for 3040 Richmond Rd

    Year built
    1987
    Lot size
    1.11 lot acres
    Property size
    23,453 SF
    Zone code
    B-3
    Property type
    Retail space
    APN
    20052220
    APU
    20052220

    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
    -84.4503
    Latitude
    38.004
    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
    $21,774
    $0.00
    $0.00
    $1,760,800
    -
    $0.00
    $0.00
    $1,760,800

    Comparable in this City

    • Value Estimation by Request
      0.97 Acres

      2344 Elkhorn Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.97 Acres
      2344 Elkhorn Rd, Lexington, KY 40509-2784
      View Details
    • Value Estimation by Request
      6,000 SF

      2305 Woodhill Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      2305 Woodhill Dr, Lexington, KY 40509-1023
      View Details
    • Value Estimation by Request
      14,160 SF

      2392 Woodhill Dr

      RETAIL STORES (PERSONAL SERVICES) • 14,160 SF
      2392 Woodhill Dr, Lexington, KY 40509-1024
      View Details
    • Value Estimation by Request
      219,188 SF

      2321 Sir Barton Way

      RETAIL STORES (PERSONAL SERVICES) • 219,188 SF
      2321 Sir Barton Way, Lexington, KY 40509-2436
      View Details
    • Value Estimation by Request
      10,825 SF

      2700 Richmond Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,825 SF
      2700 Richmond Rd, Lexington, KY 40509-1503
      View Details
    • Value Estimation by Request
      10,566 SF

      2551 Richmond Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,566 SF
      2551 Richmond Rd, Lexington, KY 40509-1737
      View Details

    Similar Nearby for Sale

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      Lexington Retail/Office Building For Sale

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    • $1,200,000
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      Richmond Rd Retail Outlot

      1.3-acre prime retail land, Lexington, KY
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      Lexington Retail Center Investment

      Prime Lexington retail, 100% occupied, strong tenants.
      2887 Richmond Rd, Lexington, KY 40509
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    • $1,100,000
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      Eastland Shopping Center Outlot

      Prime 1.01-acre outlot in established Eastland Shopping Center.
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      Lexington Office Condo For Sale

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    Similar Nearby for Lease

    • Contact for pricing
      4,600 SF

      Lexington Retail Endcap Opportunity

      High-traffic location, 2,303 SF available.
      2320 Elkhorn Rd, Lexington, KY 40509
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    • $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
    • $1,917 /Mo

      Lexington Retail Space For Rent

      Retail space in high-traffic Lexington corridor with excellent visibility.
      3094 Richmond Rd, Lexington, KY 40509
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      476 SF

      Meijer In-Store Retail Space

      Lexington, KY Retail Space Available
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    • $25 SF/Yr
      35,460 SF

      Lexington Retail Space: Liberty Rd

      Prime Retail/Office Space, Lexington, KY
      2985 Liberty Rd, Lexington, KY 40509
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    • $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

    Property Visit Statistics

    • Visits by month
      17.5k
    • Visitors by month
      12.3k
    • Avg Time on site
      13 min
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    3040 Richmond Rd
    Lexington, KY 40509-1507
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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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