Retail Storefront
For Sale
$1,754,143
3912 Dixie Hwy, Erlanger, KY 41018
For-sale retail storefront property located on Dixie Hwy in Erlanger, KY.
Property Size9,180 SF
Days on Market46
Property Features for 3912 Dixie Hwy
General Information
Standard status
Active
Size
9,180 SF
Property subtype
Commercial
Lease Term
± 3 Years
Net Operating Income
$148,225
Building Details
Building Size
9,180 SF
Year Built
2014
Listing Agency:
Matthews Real Estate Investment Services
(858) 351-3544
Listed By:
Nathan Fitzgibbons · License #02244861 (CA)
(858) 351-3544
Source:
Matthews
Added: Jul 18
Changed: Aug 25
Last Checked: Aug 31 at 12:38PM
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 Matthews Real Estate Investment Services
Investment Insights
Based on property information with market context.
This for-sale retail storefront property offers commercial space suitable for retail-focused operations. The listing is categorized as retail properties and spaces, with storefront-type frontage intended for customer-facing use.
The property is located at 3912 Dixie Hwy in Erlanger, KY 41018. The address provides direct access along a principal roadway, supporting straightforward visibility and drive-by recognition for retail users.
Additional details about the building size, layout, condition, or site improvements are not provided in the available information.
The property is located at 3912 Dixie Hwy in Erlanger, KY 41018. The address provides direct access along a principal roadway, supporting straightforward visibility and drive-by recognition for retail users.
Additional details about the building size, layout, condition, or site improvements are not provided in the available information.
Key Highlights
- Retail storefront property built in 2014
- For‑sale retail storefront on Dixie Hwy in Erlanger, KY
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
$99,516
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
5.67%
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%
$1,990,320
$2.0M
Cap Rate 7%
$1,421,657
$1.4M
Cap Rate 9%
$1,105,733
$1.1M
Market Conditions
NOI Build-Up for 9,180 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
$150.9K $16.44/SF
− Vacancy
−$8.8K −$0.95/SF
EGI
$142.2K $15.49/SF
− OpEx
−$42.6K −$4.65/SF
NOI
$99.5K $10.84/SF
Area
Kenton County, KY
Vacancy
5.80%
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%
$1,990,320
Cap Rate 7%
$1,421,657
Cap Rate 9%
$1,105,733
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.66M
NOI $99,516 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,892 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 10%
AutoZone
Shops & Services
3,235 visits/mo
0.4 miles
Frisch's Big Boy
Dining
364 visits/mo
0.4 miles
Demographics for 41018, KY
29,305
Population
11,926
Households
2.5
Avg Household Size
36
Median Age
28%
College-Educated
91%
High-School Grad
11.6 sq mi
ZIP Area
2,526
Density / Sq Mi
$70,267
Median Household Income
$40,537
Median Earnings
$1,044
Median Rent
$173,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - For-sale retail storefront property located on Dixie Hwy in Erlanger, KY.
Where is this retail space located?
The property is located at 3912 Dixie Hwy Erlanger, KY.
What is the asking price?
The asking price for this property is $1,754,143.
What are key features of this property?
This property features: Retail storefront property built in 2014; For‑sale retail storefront on Dixie Hwy in Erlanger, KY
