Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail/Office Space in Kenton County Title is generated by Realmo AI

    729 Scott St, Covington, KY

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

    4,118 SF grey shell retail/office space for sale.

    Type:RETAIL
    Property size:
    4,118 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $96/SF
    Added:
    Aug 4, 2025
    Days on Market:
    292
    Last Refresh:
    Apr 5 at 10:47 pm

    Property Features for 729 Scott St

    General Information

    Standard status
    Active
    Size
    4,118 SF
    Lot size
    0.07 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 729 Scott St Contact us

    We can help!

    Listing Contact
    Zakir Muradov
    Zakir Muradov

    Listing agent Zakir Muradov License ##2018001126

    Listing office 3CRE Advisors, LLC - corporate

    Listing date Aug 4, 2025

    Source Moodyscre

    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 3CRE Advisors, LLC - corporate

    HighLights

    • Expansive 4,118‑square‑foot grey shell retail/office space.
    • Unparalleled flexibility for various business uses.
    • Convenient access to major highways.
    • Ideal location for business expansion and optimization.
    • Located at 729 Scott Street in Kenton County.
    • Convenient access to the downtown area.

    Overview

    This 4,118-square-foot grey shell retail/office space is located at 729 Scott Street in Kenton County. The property offers flexibility and is positioned for business use. It provides access to major highways and the downtown area, making it suitable for companies seeking to expand and optimize their operations.
    Property Profile Insight Report 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
    Covington
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5085
    Latitude
    39.0834

    Nearby Similar for Sale

    • $319,500
      5,556 SF

      Mixed-Use Building in Ludlow

      Two-story mixed-use building with retail and residential possibilities.
      401-403 Elm Street, Covington, KY 41016
      View Details
    • $525,000

      Covington Commercial Warehouse For Sale

      6,600 SF commercial warehouse in the heart of Covington.
      134 W 38th Street, Covington, KY 41015
      View Details
    • $1,250,000
      12,400 SF

      Freestanding Dollar Tree Investment Property

      Single tenant Dollar Tree in Covington, KY for sale.
      1026 Madison Ave, Covington, KY 41011
      View Details
    • $270,000
      546 SF

      Covington Drive-In Style Building

      Free-standing building with drive-in concept and outdoor seating.
      3024 Madison Ave, Covington, KY 41015
      View Details
    • Contact for pricing
      14,820 SF

      Retail Building on Corner Lot

      14,820 SF retail building on 2.26 acres for sale.
      4299 Winston Avenue, Covington, KY, 41015
      View Details
    • $3,565,000
      37,457 SF

      Covington Strip Center Investment Opportunity

      Fully stabilized retail center with long-term tenants and growth potential.
      1616 Madison Ave, Covington, KY 41011
      View Details
    • $1,095,000
      5,870 SF

      Historic Building in Licking Riverside

      Historic building with modern updates and private parking.
      211 Garrard St, Covington, KY 41011
      View Details
    • Contact for pricing
      2 SF

      Mixed-Use Building in Covington Urban Core

      Three-story, 2,916 SF mixed-use building in desirable pedestrian corridor.
      607 Madison Ave | Covington, KY 41011, KY 41011
      View Details
    • $989,000
      9,000 SF

      Historic Morgan Building For Sale

      9,000 SF, three-story building with parking in Covington, KY.
      421 Madison Ave, Covington, KY
      View Details
    • $540,000
      3,200 SF

      Two-Story Commercial Investment Opportunity

      Two-story commercial property with first-floor restaurant and rehab potential.
      508 Madison Avenue, Covington, KY 41011
      View Details
    • $295,000
      7,500 SF

      Covington Mixed-Use Building with Parking

      7,500 SF Covington building with private parking lot.
      1205 Maryland Avenue Unit 1205, Covington, KY 41011
      View Details
    • Contact for pricing

      525 Greenup St, Covington, KY

      525 Greenup St, Covington, KY 41011 For Sale
      525 Greenup St, Covington, KY 41011
      View Details

    FAQs

    What type of property is this?
    Retail space - 4,118 SF grey shell retail/office space for sale.
    Where is this retail space located?
    The property is located at 729 Scott St Covington, KY.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Expansive 4,118‑square‑foot grey shell retail/office space.; Unparalleled flexibility for various business uses.; Convenient access to major highways.
    (513) 745-9333 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Zakir Muradov
    Zakir Muradov
    Real Estate License ID: #2018001126
    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
    729 Scott St, Covington, KY
    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!