Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Investment Opportunity in Erlanger Title is generated by Realmo AI

    3152 1/2 Dixie Hwy, Erlanger, KY 41018

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    10,500 SF retail space in Kenton County area.

    Type:Retail
    Property size:
    10,500 SF
    Price / SF:
    $85/SF
    Added:
    Jan 24, 2026
    Days on Market:
    108
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 3152 1/2 Dixie Hwy

    General Information

    Standard status
    Active
    Size
    10,500 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    T.J. Schutte Jr
    T.J. Schutte Jr

    Listing agent T.J. Schutte Jr License #KY 222254

    Listing office KW Commercial

    Listing date Jan 24, 2026

    Source Crexi

    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

    HighLights

    • Prime investment opportunity in Kenton County.
    • High visibility and accessibility.
    • Spacious 10,500 square feet layout.
    • Versatile options for retail businesses.
    • Strategic placement in a prominent commercial hub.
    • Exceptional chance to establish a thriving retail presence.

    Overview

    This 10,500 square foot property presents an investment opportunity for retail and street retail investors in the Kenton County area. The building's layout offers options for retail businesses, providing room for showcasing merchandise and accommodating customer flow. The property is located in a commercial hub, presenting a chance to establish a retail presence.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Erlanger
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.607
    Latitude
    39.017

    Nearby Similar for Sale

    • $899,000
      10,500 SF

      Retail Investment Opportunity in Erlanger

      10,500 SF retail space in Kenton County area.
      3152 1/2 Dixie Highway, Erlanger, KY 41018
      View Details
    • $2,650,000
      6,600 SF

      Erlanger Office Space Available

      6,600 SF office space near CVG and Amazon hub.
      1452 Donaldson Hwy, Erlanger, KY
      View Details
    • $3,250,000
      24,587 SF

      Erlanger Industrial Building For Sale

      24,587 SF industrial building with expansion potential.
      1211 Cox Avenue, Erlanger, KY, 41018
      View Details
    • $3,168,000

      Erlanger Office Building For Sale

      Office building available for purchase in Erlanger, Kentucky.
      3414 Dixie Hwy, Erlanger, KY
      View Details
    • $2,995,000
      13,620 SF

      Erlanger Warehouse with Highway Frontage

      Warehouse in Erlanger near I-71/I-75 and I-275.
      635 Viox Dr, Erlanger, KY
      View Details
    • $3,800,073
      9,516 SF

      Retail Space For Sale

      Retail space available for purchase, 9516 square feet.
      3516 Dixie Hwy, Erlanger, KY 41018
      View Details
    • Contact for pricing
      80,625 SF

      Erlanger Warehouse Near Airport

      Erlanger warehouse with secure outdoor storage near CVG Airport.
      1499 Jamike Ave, Erlanger, KY
      View Details

    FAQs

    What type of property is this?
    Retail space - 10,500 SF retail space in Kenton County area.
    Where is this retail space located?
    The property is located at 3152 1/2 Dixie Hwy Erlanger, KY.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Prime investment opportunity in Kenton County.; High visibility and accessibility.; Spacious 10,500 square feet layout.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing T.J. Schutte Jr
    T.J. Schutte Jr
    Real Estate License ID: KY 222254
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3152 1/2 Dixie Hwy, Erlanger, KY 41018
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!