Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3 Hoop Dr Walton, KY 41094

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,579,000

    New industrial building with global credit tenant in Walton, Kentucky.

    Property size:
    26,600 SF

    Property Features for 3 Hoop Dr

    General Information

    Size
    26,600 SF

    We can help!

    Listing Contact
    Laurence Bergman
    Laurence Bergman
    Source: Naiglobal

    Listing Agent: Laurence Bergman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    New Industrial Building For Sale

    This industrial building, constructed in 2022, is available for sale in Walton, Kentucky. The property is situated 2.5 miles from the I-71/I-75 Richwood Exit and 3.5 miles from the I-75 Stephenson Mill Exit, and approximately 11 miles from CVG. The facility encompasses approximately 26,600 square feet, including 14,800 square feet of office space and 11,800 square feet of warehouse space, and is set on an approximately 11.5-acre lot. The property features a paved, secure lot with outdoor storage. A global credit tenant is currently in place under a 7-year lease that commenced in April 2022, with annual rent increases of 2.75%. The lease includes two 5-year renewal options. An assumable loan with a 3.70% interest rate is available. The property has a 7% CAP Rate.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Realty agency Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Auto Parts Store Kitchen & Bath Discount Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Walton
    County
    Boone
    State
    Kentucky
    Longitude
    -84.6211
    Latitude
    38.8847

    Nearby Similar for Sale

    • $499,900
      12,180 SF

      Walton, KY Multifamily Investment Opportunity

      Value-add multifamily property in Walton, Kentucky with redevelopment potential.
      85 N Main St, Walton, KY 41094
      View Details
    • $599,900

      Versatile Commercial Property in Walton

      Commercial property with garage, office, and expansion potential in Walton.
      260 Old Nicholson Rd, Walton, KY 41094
      View Details
    • Contact for pricing
      891,314 SF

      Spacious Industrial Warehouse Available

      891,314 SF warehouse with crossdock configuration and expansion potential.
      100 Final Mile Blvd, Walton, KY
      View Details
    • $8,300,000
      118,206 SF

      Walton, KY Manufacturing Facility

      Well-maintained manufacturing facility on 9.74 acres near I-75.
      70 Precision Dr, Walton, KY 41094
      View Details
    • $1,300,000
      13,783 SF

      Restaurant and Meat Processing Facility

      Restaurant, delicatessen, and meat processing facility for sale.
      104-106 N Main St, Walton, KY 41094
      View Details
    • $1,334,000
      46.00 Acres

      46 Acres in Boone County

      Versatile 46-acre property in Boone County, Kentucky.
      7 Chambers Rd, Walton, KY 41094
      View Details
    • $899,000
      31.31 Acres

      31 Acres in Boone County

      31 acres perfect for horses, livestock, or private homestead.
      Chambers Rd, Walton, KY 41094
      View Details
    • $1,300,000
      1.08 Acres

      Walton Mixed-Use Investment Opportunity

      High-return, multi-tenant commercial property.
      106 Main St, Walton, KY 41094
      View Details
    • Contact for pricing
      26,600 SF

      Walton, KY Warehouse Investment Opportunity

      High-demand industrial building with strong tenant.
      3 Hoop Dr, Walton, KY 41094
      View Details
    • $8,300,000
      118,206 SF

      Walton, KY Warehouse - $8.3M

      118,206 SF Warehouse, Excellent Location
      70 Precision Dr, Walton, KY 41094
      View Details
    • $1,300,000
      13,783 SF

      Walton KY Retail Investment Opportunity

      Prime Downtown Walton Retail Building, 13,783 SF
      104 Main St, Walton, KY 41094
      View Details

    FAQs

    What type of property is this?
    Warehouse - New industrial building with global credit tenant in Walton, Kentucky.
    Where is this warehouse located?
    The property is located at 3 Hoop Dr Walton, KY.
    What is the asking price?
    The asking price for this property is $5,579,000.
    What are key features of this property?
    This property features: - Global Credit Tenant In Place; - Excellent 7% CAP Rate; - 3.70% Assumable Loan Available
    (513) 322-6307
    Request Owner's contact information
    3 Hoop Dr Walton, KY 41094
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3 Hoop Dr
    Walton, KY 41094
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3 Hoop Dr Walton, KY 41094
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Laurence Bergman
    Laurence Bergman
    Real Estate License ID: #BRKP.0000348029
    (513) 322-6307
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.