Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1301 Monmouth St Newport, KY 41071-3053

    • Commercial real estate
    • 112,310 SF
    • 9.70 lot acres
    OFF-MARKET
    Value Estimations
    $455,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0305795
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ALDI Grocery Delivery / Grocery Delivery Service
    • National Insurance Agency / Insurance Agency
    • ALDI / Supermarket / Grocery Store
    • Newport Plaza II / Shopping Mall
    • Amazon Locker - Koray / Mailing Service / E-Commerce Service

    Property Details for 1301 Monmouth St

    Year built
    1979
    Lot size
    9.70 lot acres
    Property size
    112,310 SF
    Property type
    Commercial real estate
    APN
    999-99-03-732.00
    APU
    999990373200

    Description

    Newport Plaza II, a newly redeveloped shopping center in Newport, Kentucky, offers exceptional retail space for lease. Located at 1301-1315 Monmouth Street, 41071, this property boasts a total of 98,211 square feet and is situated in a high-traffic area just off I-471, within a major retail corridor. The center is conveniently located just south of downtown Cincinnati, Ohio, at the intersection of Monmouth Street and Carothers Road in Campbell County. Currently, there is 11,500 square feet of vacant space available, divisible into units ranging from a minimum of 3,500 square feet to a maximum contiguous space of 8,000 square feet. This grocery-anchored center benefits from strong anchor tenants including Ross, Burlington, and Aldi, serving a densely populated area with over 110,000 people within a 3-mile radius. Pad sites are also available, offering up to 8,000 square feet, with options for ground leases or build-to-suit opportunities. This presents a unique opportunity for businesses seeking high visibility and access to a substantial customer base in a thriving retail environment. The property is classified as a shopping center with multiple tenancies.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $455,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Campbell
    State
    Kentucky
    Longitude
    -84.4845
    Latitude
    39.0853
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,739
    $1,940,000
    $3,310,450
    $5,250,450
    -
    $1,940,000
    $3,310,450
    $5,250,450

    Comparable in this City

    • Value Estimation by Request

      1142 Vine St

      COMMERCIAL (GENERAL)
      1142 Vine St, Newport, KY 41071-2412
      View Details
    • Value Estimation
      $280,000
      0.08 Acres

      1144 Vine St

      COMMERCIAL (GENERAL) • 0.08 Acres
      1144 Vine St, Newport, KY 41071-2412
      View Details
    • Value Estimation
      $280,000
      0.06 Acres

      Watch Pt Ln

      COMMERCIAL (GENERAL) • 0.06 Acres
      Watch Pt Ln, Newport, KY 41071
      View Details
    • Value Estimation by Request

      1634 Waterworks Rd

      COMMERCIAL (GENERAL)
      1634 Waterworks Rd, Newport, KY 41071
      View Details
    • Value Estimation
      $330,000
      1.04 Acres

      6 William F Blatt St

      COMMERCIAL (GENERAL) • 1.04 Acres
      6 William F Blatt St, Southgate, KY 41071-3144
      View Details
    • Value Estimation
      $285,000
      0.08 Acres

      333 York St

      COMMERCIAL (GENERAL) • 0.08 Acres
      333 York St, Newport, KY 41071-4901
      View Details

    Similar Nearby for Sale

    • $429,900
      0.08 Acres

      Newport Levee Mixed-Use Opportunity

      Prime Location, Endless Potential, Needs Renovation
      312 Monmouth St, Newport, KY 41071
      View Details
    • $1,350,000
      0.52 Acres

      Newport CBD Land Opportunity

      Prime 0.52-acre commercial lot in Newport, KY.
      402 Monmouth St, Newport, KY 41071
      View Details
    • Contact for pricing
      20.03 Acres

      Newport, KY Residential Land - 20 Acres

      20-acre residential lot with city views. Owner will divide.
      0 Ridge Pl, Newport, KY 41071
      View Details
    • $149,900
      0.23 Acres

      Land with Panoramic City Views

      Land in Newport, KY, with views of Cincinnati and Covington.
      60 Grandview Ave, Newport, KY 41071
      View Details
    • $897,750
      3,906 SF

      Newport Multifamily Investment Opportunity

      Six-unit apartment building with downtown Cincinnati views and excellent cashflow.
      217 W 13Th St, Newport, KY 41071
      View Details
    • $675,000
      2,258 SF

      Historic Building on Monmouth Street

      High-visibility commercial property near Newport on the Levee.
      336 Monmouth St, Newport, KY 41071
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,500 SF

      Prime Build-to-Suit Commercial Lot

      High-traffic location, ideal for retail, medical, or office development.
      2412 Alexandria Pike, Highland Heights, KY 41071
      View Details
    • $16 SF/Yr
      6,100 SF

      Office Space in Newport, KY

      6,100 SF office space for lease in Newport.
      30 W 4Th St, Newport, KY 41071
      View Details
    • $24 SF/Yr
      7,756 SF

      Former Brewery Space on Levee

      7,756 SF brewery space with equipment and outdoor patio.
      1 Levee Way, Newport, KY 41071
      View Details
    • Contact for pricing
      16,370 SF

      Retail Space in Newport Corridor

      Retail spaces available in high-visibility Newport location.
      1697-1853 Monmouth St, Newport, KY 41071
      View Details
    • Contact for pricing
      20,980 SF

      Office/Retail Space in Newport Plaza

      Plaza level space suitable for office or retail tenants.
      200 W 3Rd St, Newport, KY 41071
      View Details
    • $19 SF/Yr
      21,930 SF

      Newport Office Sublease: Riverfront Views

      Prime Newport office sublease with stunning river views.
      300 Dave Cowens Dr, Newport, KY 41071
      View Details
    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.
    1301 Monmouth St
    Newport, KY 41071-3053
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.