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Property profile & analytics
OFF-MARKET Estimated value $2,215,000
Office buildings

311 Spangler Dr Richmond, KY 40475-2458

16,166 SF 1.73 ac lot
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US34-1183176
Property summary
AI-generated overview

This exceptional commercial property, located at 311 Spangler Drive Unit 200 in Richmond, Kentucky, presents a unique opportunity for businesses seeking flexible and conveniently located office space. The property encompasses approximately 1.73 acres and offers a contiguous office space ranging from approximately 1,491 to 5,966 square feet. The building boasts a professional design and includes several desirable features designed to enhance productivity and comfort. Individual office suites offer private restrooms, adding a level of privacy and convenience. Shared spaces such as break rooms and conference rooms are also available, fostering collaboration and providing amenities for employees. The flexible floor plan allows for customization to suit a variety of business needs and sizes. Furthermore, the property benefits from a secured overflow parking lot, ensuring ample parking for employees and clients. Its strategic location offers excellent proximity to Interstate 75 and the Richmond Bypass, providing easy access to major transportation routes. The surrounding area is also home to a vibrant retail scene, with nearby establishments including Starbucks, Meijer, Chick-fil-A, and The Richmond Center, a significant 120-acre retail development. This combination of features, location, and accessibility makes this property an ideal choice for businesses seeking a high-quality office environment in a thriving community. The asking price is $14 million.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Total area 16,166 SF
Lot 1.73 ac (75,272 SF)
APN R002-0012-0002
UPID US34-1183176
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kentucky River Foothills Development Council, Inc. Social Service Agency Charitable Organization
  • Ky River Foothills Family Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.70M
Blend (final) Blend
$2.22M
Owner & transaction history
Spangler Properties LLC · 4 yrs held
Spangler Properties LLC
since 2022
Last sale
$2.2M
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.8M +37.1%
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