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    Property profile & analytics

    3340 Richmond Rd Lexington, KY 40509-1835

    • Automotive properties
    • 28,353 SF
    • 5.19 lot acres
    OFF-MARKET
    Value Estimation
    $6,595,000
    Last Sale
    Oct 27, 2020
    $7,811,960
    Location Intelligence
    Property ID
    US34-0540435
    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

    • Don Franklin Genesis of Lexington / Genesis Dealer
    • Don franklin hyundai / Car Dealer

    Property Details for 3340 Richmond Rd

    Year built
    1985
    Lot size
    5.19 lot acres
    Property size
    28,353 SF
    Zone code
    B-3
    Property type
    Automotive properties
    APN
    20095990
    APU
    20095990

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,240,000
      6.5%
      $7,735,000
      7%
      $7,025,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,960,000
      Geo Method
      $8,500,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $7,735,000
      Retail
      $7,665,000
      Mixed-Use
      $7,575,000
      Hospitality
      $7,480,000
      Educational
      $8,455,000
      Residential Income
      $6,750,000
      Energy
      $7,140,000
      Income-Based Land
      $6,465,000
      Food Service
      $6,725,000

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4436
    Latitude
    37.9974
    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
    $83,916
    $0.00
    $0.00
    $6,786,000
    -
    $0.00
    $0.00
    $6,786,000

    Comparable in this City

    • Value Estimation by Request
      13,532 SF

      3000 Pink Pigeon Pkwy

      VEHICLE SALES, RENTALS • 13,532 SF
      3000 Pink Pigeon Pkwy, Lexington, KY 40509-8000
      View Details
    • Value Estimation by Request
      47,691 SF

      1560 New Cir Rd

      VEHICLE SALES, RENTALS • 47,691 SF
      1560 New Cir Rd, Lexington, KY 40509-1022
      View Details
    • Value Estimation by Request
      128,534 SF

      3180 Richmond Rd

      VEHICLE SALES, RENTALS • 128,534 SF
      3180 Richmond Rd, Lexington, KY 40509-1596
      View Details
    • Value Estimation by Request
      4,800 SF

      976 Beasley St

      VEHICLE SALES, RENTALS • 4,800 SF
      976 Beasley St, Lexington, KY 40509-4100
      View Details
    • Value Estimation
      $3,090,000
      8,261 SF

      3390 Richmond Rd

      VEHICLE SALES, RENTALS • 8,261 SF
      3390 Richmond Rd, Lexington, KY 40509-1835
      View Details
    • Value Estimation by Request
      17,068 SF

      672 Blue Sky Pkwy

      VEHICLE SALES, RENTALS • 17,068 SF
      672 Blue Sky Pkwy, Lexington, KY 40509-9447
      View Details

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    Similar Nearby for Lease

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      4,600 SF

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      Retail space in high-traffic Lexington corridor with excellent visibility.
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    • $9 SF/Yr
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      Lexington Retail Center Investment Opportunity

      High-traffic Lexington shopping center with available space.
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      View Details
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    3340 Richmond Rd
    Lexington, KY 40509-1835
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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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