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    830 Eastern Byp Richmond, KY 40475-2512
    Property profile & analytics

    830 Eastern Byp Richmond, KY 40475-2512

    View on Map
    • Super regional malls
    • 228,982 SF
    • 35.09 lot acres
    Off-Market
    Property ID
    US34-1767080
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 247 Towing Service & Tow Truck- Richmond, KY / Auto Parts Store
    • California Nails / Nail Salon
    • Golden Leaves LLC / Restaurant
    • Just Desserts By Katie / Wedding Service / Bakery
    • US Naval Recruiting / Military Recruiting Office

    Property Details for 830 Eastern Byp

    Construction
    FRAME
    Lot size
    35.09 lot acres
    Property size
    228,982 SF
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    0069-0000-0024-A
    APU
    006900000024A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.2794
    Latitude
    37.7297
    CBSA code
    40080
    CBSA name
    RICHMOND-BEREA, KY MICROPOLITAN 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
    $63,050
    $0.00
    $0.00
    $6,500,000
    -
    $0.00
    $0.00
    $6,500,000

    Comparable in this City

    • Value Estimation by Request
      685,000 SF

      & I-75 Barnes Mill Rd

      Super regional malls • 685,000 SF
      & I-75 Barnes Mill Rd, Richmond, KY 40475
      View Details
    • Value Estimation by Request
      0.56 Acres

      1111 Squires Aly

      SHOPPING CENTER, STRIP CENTER • 0.56 Acres
      1111 Squires Aly, Richmond, KY 40475-2054
      View Details
    • Value Estimation by Request
      9,550 SF

      Geri Ln 415th Leighway Dr Dr

      SHOPPING CENTER, STRIP CENTER • 9,550 SF
      Geri Ln 415th Leighway Dr Dr, Richmond, KY 40475
      View Details
    • Value Estimation by Request
      1,728 SF

      330 Eastern Byp

      SHOPPING CENTER, STRIP CENTER • 1,728 SF
      330 Eastern Byp, Richmond, KY 40475-2562
      View Details
    • Value Estimation by Request
      14,872 SF

      620 Eastern Byp

      SHOPPING CENTER, STRIP CENTER • 14,872 SF
      620 Eastern Byp, Richmond, KY 40475-2667
      View Details
    • Value Estimation by Request
      8,025 SF

      5008 Atwood Dr

      SHOPPING CENTER, STRIP CENTER • 8,025 SF
      5008 Atwood Dr, Richmond, KY 40475-8184
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Regional Shopping Center on I-75

      685,000 SF shopping center anchored by major retailers.
      & I-75 Barnes Mill Rd, Richmond, KY 40475
      View Details
    • $450,000
      Pending

      Richmond, KY Multi-Use Investment

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      Richmond, KY Commercial Space

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      Richmond Auto Shop For Sale

      7,405 SF auto shop with NNN lease in Richmond.
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      Renovated Office/Retail Historic Home

      Highly visible, renovated office or boutique retail location in Richmond, KY.
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    Similar Nearby for Lease

    • $1,800 /Mo
      1,950 SF

      Retail Space in Richmond, KY

      Retail property available for lease in Richmond, Kentucky.
      309 Steep St, Richmond, KY 40475
      View Details
    • $1,200 /Mo
      1,482 SF

      Downtown Retail/Storage Space Available

      Downtown Richmond commercial space suitable for retail or storage.
      310 W Irvine St, Richmond, KY 40475
      View Details
    • New
      $1,000 /Mo
      Pending

      Richmond Commercial Space For Rent

      Versatile commercial space suitable for retail or office use.
      105 S 3Rd St, Richmond, KY 40475
      View Details
    • $2,750 /Mo
      Pending

      Commercial Property with Automotive Features

      B-3 zoned commercial property with automotive service capabilities.
      1601 Foxhaven Dr, Richmond, KY 40475
      View Details
    • $1,500 /Mo
      1,500 SF

      Move-in Ready Retail Space

      High-visibility retail space suitable for various businesses.
      307 Jason Dr, Richmond, KY 40475
      View Details
    • $1,250 /Mo
      1,767 SF

      Richmond Commercial Space For Rent

      Commercial space available on Main Street in Richmond, Kentucky.
      311 W Main St, Richmond, KY 40475
      View Details

    Property Visit Statistics

    • Visits by month
      14.8k
    • Visitors by month
      11.4k
    • Avg Time on site
      31 min
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    830 Eastern Byp
    Richmond, KY 40475-2512
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    830 Eastern Byp, Richmond, KY, 40475
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