Add Listing
    For Lease
    • 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

    4157 Olympic Blvd Erlanger, KY 41018

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space with large auditorium near CVG Airport.

    Property size:
    17,042 SF
    Lot size:
    19.02 Acres

    Property Features for 4157 Olympic Blvd

    General Information

    Size
    17,042 SF
    Lot size
    19.02 Acres

    We can help!

    Listing Contact
    Joe Janszen
    Joe Janszen
    Source: Moodyscre

    Listing Agency: Cushman & Wakefield | Cincinnati Listing Agent: Joe Janszen

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

    Learn more

    Overview

    Erlanger Office Space For Rent

    This office space for rent includes a large auditorium or training room that can accommodate up to 150 people. A surface parking lot provides direct access to the front entrance. The property is located close to CVG Airport, DHL SuperCargo, and Amazon Prime Air Hubs. It offers convenient access to I-275, I-75, and I-71. The surrounding area features hotels, restaurants, and retail establishments. The parking ratio is 4.69 per 1,000 square feet. The property encompasses 14,994 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Auto Repair Shop Hair Salon Big Box & Wholesale Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Erlanger
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.625949
    Latitude
    39.048677

    Nearby Similar for Lease

    • $8,500 /Mo
      6,439 SF

      Turn-Key Restaurant with Drive-Thru

      Former restaurant available for lease with drive-thru and equipment.
      4016 Dixie Hwy, Erlanger, KY 41018
      View Details
    • $16 SF/Yr
      368,082 SF

      Erlanger Retail Space For Lease

      Multiple units available in high-traffic Erlanger shopping center.
      3188-3194 Dixie Hwy, Erlanger, KY 41018
      View Details
    • $16 SF/Yr
      368,082 SF

      Retail/Office Space in Erlanger

      Retail/office space in Kroger-anchored shopping center near I-275.
      3194 Dixie Hwy, Erlanger, KY 41018
      View Details
    • $625 /Mo

      Erlanger Office Space For Lease

      Small office space available for lease in Erlanger, Kentucky.
      519 Enterprise Dr, Erlanger, KY 41018
      View Details
    • $15 SF/Yr
      368,082 SF

      Retail/Office Space in Erlanger

      2382 SF retail/office space in Kroger anchored center.
      3158-3194 Dixie Hwy, Erlanger, KY 41018
      View Details
    • $13 SF/Yr
      3,000 SF

      Erlanger Flex Space For Rent

      New construction flex space near CVG and I-75 in Erlanger.
      3630 Ohara Rd, Erlanger, KY 41018
      View Details
    • $13 SF/Yr
      3,000 SF

      New Flex Space Near CVG

      New construction flex space near CVG and I-75 in Erlanger.
      3630 Ohara Rd, Erlanger, KY 41018
      View Details
    • $12 SF/Yr
      19,000 SF

      Erlanger Office Space Near Airport

      Office space near CVG airport with easy highway access.
      82 Comair Blvd, Erlanger, KY 41018
      View Details
    • $1,300 /Mo
      878 SF

      Erlanger Office Space Available

      Office space available for rent in Erlanger, Kentucky.
      3161 Dixie Hwy, Erlanger, KY
      View Details
    • Contact for pricing
      8,591 SF

      Erlanger Warehouse Space Available

      4,465 SF warehouse space with office potential near airport.
      1487 Jamike Ave, Erlanger, KY 41018
      View Details
    • Contact for pricing
      6,600 SF

      Erlanger Warehouse Space Available

      6,600 SF warehouse space with modern features for lease.
      1325 Donaldson Hwy, Erlanger, KY 41018
      View Details
    • $15 SF/Yr
      1,140 SF

      Retail Space in Kroger Anchored Center

      Retail space available in well-maintained, Kroger anchored shopping center.
      3180-3194 Dixie Hwy, Erlanger, KY
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with large auditorium near CVG Airport.
    Where is this office units located?
    The property is located at 4157 Olympic Blvd Erlanger, KY.
    What are key features of this property?
    This property features: - Massive 150-person auditorium / training room; - Surface parking lot with direct access to front entrance; - Close proximity to CVG Airport, DHL SuperCargo & Amazon Prime Air Hubs
    (513) 549-3011 Call to check price and availability
    Request Owner's contact information
    4157 Olympic Blvd Erlanger, KY 41018
    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.
    4157 Olympic Blvd
    Erlanger, KY 41018
    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
    4157 Olympic Blvd Erlanger, KY 41018
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joe Janszen
    Joe Janszen
    Real Estate License ID: 0000272613
    (513) 549-3011 (513) 421-4884 (513) 763-3011
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!