Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    3065 Bend Rd N Hebron, KY 41048

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with high visibility near Kroger Marketplace.

    Property size:
    1,164 SF
    Lot size:
    1.43 Acres

    Property Features for 3065 Bend Rd N

    General Information

    Size
    1,164 SF
    Lot size
    1.43 Acres

    We can help!

    Listing Contact
    Zachary Schunn
    Source: Moodyscre

    Listing Agent: Zachary Schunn

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

    Learn more

    Property Insight Report

    Overview

    Retail Outparcel Near Kroger Marketplace

    This 1,164-square-foot retail space is an outparcel to a high-volume Kroger Marketplace, which receives approximately 1.7 million visits per year. The property benefits from high traffic, with over 26,000 cars per day. It is located at the intersection of KY 237 and Petersburg Road, offering great visibility and access from North Bend Road. The location is approximately 1 mile south of I-275 and 2 miles west of the Cincinnati / Northern Kentucky International Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hebron
    County
    Boone
    State
    Kentucky
    Longitude
    -84.706161
    Latitude
    39.064399

    Nearby Similar for Lease

    • $600 /Mo
      26,178 SF

      Class A Office Suite

      Office suite with renovated amenities and highway access for lease.
      2940 Hebron Park Dr, Hebron, KY 41048
      View Details
    • Contact for pricing
      42,000 SF

      Hebron Industrial Space For Lease

      Industrial space available for lease in Hebron, Kentucky.
      3720 Langley Dr, Hebron, KY 41048
      View Details
    • $8 SF/Yr
      6,033 SF

      Hebron KY Office Space for Lease

      Flexible office solutions in Boone County.
      2300 Litton Ln, Hebron, KY 41048
      View Details
    • Contact for pricing
      131,318 SF

      New Industrial Warehouse Space Available

      232,693 SF industrial space in Hebron, KY, Q4 2023 completion.
      2100 Ellis Tech Dr, Hebron, KY
      View Details
    • Contact for pricing
      176,000 SF

      Hebron Warehouse with Spec Office

      176,000 SF warehouse with spec office space available for lease.
      1155 Worldwide Blvd, Hebron, KY 41048
      View Details
    • $7 SF/Yr
      6,528 SF

      Hebron KY Flex Space - 6,528 SF

      Prime Hebron industrial flex space, single tenant occupancy.
      1455 Jamike Ave, Hebron, KY 41048
      View Details
    • $9 SF/Yr
      50,000 SF

      Hebron Industrial Space For Lease

      Modern 50,000 SF flex warehouse, prime location.
      2105 Gateway Blvd, Hebron, KY 41048
      View Details
    • Contact for pricing
      232,693 SF

      Ellis Industrial: Hebron, KY Warehouse

      Modern 232,693 SF Distribution Center
      2100 Ellis Tech Dr, Hebron, KY 41048
      View Details
    • $9 SF/Yr
      3,346 SF

      Updated Commercial Space Near Airport

      Updated commercial space near I-275 and the airport.
      2126 Petersburg Rd, Hebron, KY 41048
      View Details
    • $10 SF/Yr
      75,500 SF

      Airport Center West Office Space

      Hebron, KY office suites available.
      2300 Litton Ln, Hebron, KY 41048
      View Details
    • $10 SF/Yr
      6,000 SF

      Hebron Flex Space Available

      6,000 SF flex space with showroom and warehouse.
      1818 Petersburg Rd, Hebron, KY 41048
      View Details
    • $28 SF/Yr
      2,750 SF

      2,750 SF Quick Service Restaurant

      Quick service restaurant space for lease near I-275.
      2130-2131 N Bend Rd, Hebron, KY 41048
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility near Kroger Marketplace.
    Where is this retail space located?
    The property is located at 3065 Bend Rd N Hebron, KY.
    What are key features of this property?
    This property features: - Outparcel to high-volume Kroger Marketplace (1.7 million visits per year); - High traffic location: Over 26,000 cars per day; - Great visibility and access from North Bend Road
    (513) 939-4884
    Request Owner's contact information
    3065 Bend Rd N Hebron, KY 41048
    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.
    3065 Bend Rd N
    Hebron, KY 41048
    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
    3065 Bend Rd N Hebron, KY 41048
    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
    Zachary Schunn
    (513) 939-4884
    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.