Technical
Financial
Distress signals
Property profile

3570 Berea Rd Richmond, KY 40475

OFF-MARKET
Commercial real estate
Property ID
US34-1515806
6.89 ac lot
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Property summary

AI-generated overview

This exceptional 6.89-acre parcel of land, located at 3570 Berea Road in Richmond, Kentucky, presents a unique investment opportunity. The property's expansive size offers significant potential for a variety of development projects, catering to diverse needs and visions. Its strategic location within Richmond provides convenient access to local amenities, transportation routes, and a thriving community. The absence of existing structures allows for complete design flexibility, enabling the creation of a bespoke development tailored to specific requirements. This blank canvas presents an unparalleled chance to shape a project that aligns perfectly with individual goals and market demands. The property's substantial acreage allows for ample space for parking, landscaping, and the incorporation of various features. The substantial size also minimizes potential constraints often associated with smaller plots, offering greater design freedom and scalability. Given the property's location and size, it is well-suited for a range of uses, from commercial ventures to residential developments, making it an attractive proposition for both experienced developers and investors seeking a high-potential land acquisition. The asking price of $1,200,900 reflects the significant value and potential inherent in this prime piece of Richmond real estate. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Detailed site surveys and environmental reports are available upon request. This is a rare opportunity to acquire a substantial land holding in a desirable Kentucky location.

Property profile

Verified
Property type Commercial real estate
Lot 6.89 ac (300,128 SF)
UPID US34-1515806

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3570 Berea Rd Richmond, KY 40475
Richmond metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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