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    7541 Alexandria Pike Alexandria, KY 41001

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    For Sale
    $595,000

    High-traffic commercial lot, build-to-suit option.

    Property size:
    10,000 SF

    Property Features for 7541 Alexandria Pike

    General Information

    Property type
    Multifamily properties
    Square Feet
    10,000 SF
    Lot Size
    335,412 SF

    Building Details

    Units
    327

    We can help!

    Listing Contact
    Ken Holliday

    Listing Agency: Real Estate & Energy Partners Listing Agent: Ken Holliday

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 7.7-acre commercial lot presents a unique investment opportunity in booming southern Campbell County, Kentucky. Located at 7541 Alexandria Pike in Alexandria (zip code 41001), this property boasts over 30,000 vehicles passing daily, ensuring high visibility and accessibility for any business. The lot is situated directly in front of a newly constructed 327-unit apartment complex, guaranteeing a built-in customer base. This prime location offers a significant advantage for businesses seeking high foot traffic and a dense residential population. The asking price for this 10,000 square foot parcel is $595,000, translating to an attractive price per acre of $77,273. A build-to-suit option is available, allowing for the construction of a custom multi-tenant strip center tailored to specific business needs. This property is ideal for developers and investors seeking a high-return investment in a rapidly growing area. The property's classification includes multifamily and commercial designations, reflecting its versatility and potential for diverse commercial uses. Don't miss this chance to secure a prominent location in a thriving Kentucky market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Campbell
    State
    Kentucky
    Longitude
    -84.397361
    Latitude
    38.97932

    Nearby Similar for Sale

    • $1,500,000
      3.47 Acres

      Office Building with Warehouse Space

      Versatile office building with warehouse in Campbell County.
      9796 Alexandria Pike, Alexandria, KY 41001
      View Details
    • $20,000,000
      62.96 Acres

      Alexandria Pike Commercial Land

      63 Acres, Prime Highway Frontage, Development Ready
      7562 Alexandria Pike, Alexandria, KY 41001
      View Details
    • $550,000
      0.37 Acres

      Alexandria Pike Retail Opportunity

      High-traffic retail lot, prime location.
      7540 Alexandria Pike, Alexandria, KY 41001
      View Details

    FAQs

    What type of property is this?
    Multifamily property - High-traffic commercial lot, build-to-suit option.
    Where is this multifamily property located?
    The property is located at 7541 Alexandria Pike Alexandria, KY.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 7.7-acre commercial lot in Alexandria, KY (zip code 41001), located at 7541 Alexandria Pike.; High visibility with over 30,000 vehicles passing daily.; Adjacent to a new 327-unit apartment complex.
    Request Owner's contact information
    7541 Alexandria Pike Alexandria, KY 41001
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    Alexandria, KY 41001
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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
    7541 Alexandria Pike Alexandria, KY 41001
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