Tenant-Occupied Auto Repair
For Sale
$1,154,586
9722 Alexandria Pike, Alexandria, KY 41001
6,168 SF retail property is fully leased to Caliber Collision for auto repair operations.
Property Size6,168 SF
Price / SF$187.19
Days on Market135
Property Features for 9722 Alexandria Pike
General Information
Standard status
Active
Size
6,168 SF
Class
C
Property subtype
Retail - Street Retail
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
6,168 SF
Year Built
1958
Units
1
Tenancy
Single
Listing Agency:
KW Commercial
(859) 620-5830
Listed By:
Derrick Plunkett · License #219608
Source:
Commercialcafe
Added: Apr 9
Changed: Aug 16
Last Checked: Aug 18 at 5:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial
Investment Insights
Based on property information with market context.
KW Commercial presents a tenant-occupied 6,168 SF retail property currently operating as a Caliber Collision location. The building is 100% occupied and configured as an auto repair facility, providing an income-producing setup tied to an active service tenant.
The property is situated near the Alexandria community in Campbell County, within a commercial area. Public remarks note convenient access to major roads and highways, supporting continued visibility and accessibility for customers and deliveries.
As offered for sale, this is a straightforward investment/ownership opportunity for buyers looking to acquire a retail auto repair facility with an existing, operating tenant.
The property is situated near the Alexandria community in Campbell County, within a commercial area. Public remarks note convenient access to major roads and highways, supporting continued visibility and accessibility for customers and deliveries.
As offered for sale, this is a straightforward investment/ownership opportunity for buyers looking to acquire a retail auto repair facility with an existing, operating tenant.
Key Highlights
- 6,168 SF retail property at 9722 Alexandria Pike
- 100% tenant occupancy leased to Caliber Collision for auto repair operations
- Tenant‑occupied auto repair facility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,653
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,373,060
$1.4M
Cap Rate 7%
$980,757
$980.8K
Cap Rate 9%
$762,811
$762.8K
Market Conditions
NOI Build-Up for 6,168 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$101.4K $16.44/SF
− Vacancy
−$3.3K −$0.54/SF
EGI
$98.1K $15.90/SF
− OpEx
−$29.4K −$4.77/SF
NOI
$68.7K $11.13/SF
Area
Campbell County, KY
Vacancy
3.28%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,373,060
Cap Rate 7%
$980,757
Cap Rate 9%
$762,811
Alternative Uses
Best Use
Retail
$980.8K
$858.2K – $1.14M
NOI $68,653 @ 7.0% cap · market cap 5.95%
Second Best
Industrial
$571.3K
$499.9K – $666.6K
NOI $39,993 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,426 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,228 visits/mo
0.2 miles
Caliber Collision
Shops & Services
495 visits/mo
0.1 miles
Demographics for 41001, KY
19,294
Population
7,387
Households
2.6
Avg Household Size
40
Median Age
35%
College-Educated
94%
High-School Grad
51.7 sq mi
ZIP Area
373
Density / Sq Mi
$102,468
Median Household Income
$57,834
Median Earnings
$1,113
Median Rent
$265,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Don Baxter Auto Repair — 9574 Alexandria Pike, Alexandria, KY 41001
- Hanson Truck and Trailer Repair — 9796 Alexandria Pike, Alexandria, KY 41001
- Luxury Customs — 9224 Alexandria Pike, Alexandria, KY 41001
- Caliber Collision — 9722 Alexandria Pike, Alexandria, KY 41001
- Underground Performance And Diesel Repair — 9924 Alexandria Pike, Alexandria, KY 41001
Frequently Asked Questions
What type of property is this?
Auto shop - 6,168 SF retail property is fully leased to Caliber Collision for auto repair operations.
Where is this auto shop located?
The property is located at 9722 Alexandria Pike Alexandria, KY.
What is the asking price?
The asking price for this property is $1,154,586.
What are key features of this property?
This property features: 6,168 SF retail property at 9722 Alexandria Pike; 100% tenant occupancy leased to Caliber Collision for auto repair operations; Tenant‑occupied auto repair facility
