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    7535 Burlington Pike Florence, KY 41042

    Sponsored
    For Sale
    $4,999,000

    COMMERCIAL - Florence, KY

    Property size:
    19,040 SF
    Lot size:
    2.82 Acres
    Days on Market:
    8
    Last Refresh:
    Jan 28 at 11:06 am

    Property Features for 7535 Burlington Pike

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Lighting
    Window features
    Insulated Windows, Display Window(s), Vinyl Frames
    Rooms
    Basement
    APN
    061.11-22-001.00
    Parking features
    Parking Lot
    Exterior features
    Storage, Lighting, Sidewalks
    Basement
    Full
    Size
    19,040 SF
    Lot size
    2.82 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2001
    Floors in Building
    2
    Flooring type
    Tile
    Building materials
    Brick
    Roof type
    Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Cindy Cahill
    Cindy Cahill

    Cahill Real Estate Services (859) 344-0800

    Listing agent Cindy Cahill (859) 331-7400 License #228304

    Listing date Jan 21, 2026

    MLS# 635853

    Copyright © 2026 Northern Kentucky MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Iconic Building on Burlington Pike

    This iconic commercial building offers over 19,000 square feet of quality finished space. The property is currently configured as a high-end salon with spa amenities and a nail tech area. The full walkout lower level, featuring a glass front, was last utilized as a cosmetology school. The building is situated on 2.8 acres and includes 152 parking spaces. The low-maintenance brick exterior and meticulous condition enhance its appeal. Easy access is available to both the first and lower levels. Multiple bathrooms and showers cater to the spa area and offices, complemented by large storage rooms, laundry, and kitchen facilities. All fixtures can be included. The layout is suited for a med spa, wellness center, or physical therapy practice. An open entry foyer and layout facilitate division for rental space. The zoning allows for office, medical, and institutional uses. The expansive lower level presents possibilities for medical rehab, exercise facilities, and teaching areas. It is located a 1/2 mile from I-75 and minutes from the airport and commercial district in Florence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Michael's Hair Salon Michael's College of Hair ... Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Boone
    State
    Kentucky
    Longitude
    -84.639177
    Latitude
    39.000161

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    FAQs

    What type of property is this?
    Medical space - Prestigious commercial building with high visibility and spa amenities.
    Where is this medical space located?
    The property is located at 7535 Burlington Pike Florence, KY.
    What is the asking price?
    The asking price for this property is $4,999,000.
    What are key features of this property?
    This property features: - Over 19,000 sq ft of prestigious, quality finished space, currently configured as a high-end salon with spa amenities and nail tech area.; - High visibility location on Burlington Pike (Route 18) in a fast-paced area of Florence, with easy access to I-75, the airport, and the commercial district.; - 152 parking spaces on 2.8 acres, featuring a low-maintenance brick exterior and meticulous condition.
    (859) 991-0800
    Request Owner's contact information
    7535 Burlington Pike Florence, KY 41042
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    Florence, KY 41042
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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
    7535 Burlington Pike Florence, KY 41042
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    We can help!
    Listing Contact
    Cindy Cahill
    Cindy Cahill
    Real Estate License ID: 228304
    (859) 991-0800
    Learn more
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