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    Alexandria Pike & Poplar Rdg Rd Alexandria, KY 41001

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    For Sale
    $300,000

    Prime 72,000 SF Retail Land, Vacant

    Property size:
    72,000 SF

    Property Features for 0 Alexandria Pike & Poplar Rdg Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    72,000 SF
    Lot Size
    54,450 SF

    We can help!

    Listing Contact
    Justin R Phelps
    Justin R Phelps

    Listing Agency: Hogan Real Estate Listing Agent: Justin R Phelps

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

    Learn more

    Overview

    This exceptional 1.25-acre commercial land parcel, identified by APN 999-99-34-664.00, presents a remarkable investment opportunity in the thriving Alexandria, Kentucky market. Located at the high-traffic intersection of Alexandria Pike and Poplar Ridge Road, this vacant property offers 72,000 square feet of development potential, zoned for commercial retail use. Situated within the Alexandria Place shopping center, this site benefits from excellent visibility and accessibility, ensuring high foot traffic and strong potential for tenant attraction. The property's strategic location in Northern Kentucky, just 14 miles southeast of Cincinnati, Ohio, places it within a densely populated metropolitan area, providing a large and diverse customer base. This is an ideal site for a variety of retail developments, offering significant upside for investors seeking a prime location in a rapidly growing market. The asking price for this exceptional property is $300,000. All utilities are available. This is a rare opportunity to acquire a substantial, vacant retail land parcel in a highly desirable location. Don't miss out on this chance to build your next successful retail venture. The property is currently vacant, allowing for complete design flexibility and immediate development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Alexandria
    County
    Campbell
    State
    Kentucky
    Longitude
    -84.3923042
    Latitude
    38.9735526

    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?
    Lifestyle center - Prime 72,000 SF Retail Land, Vacant
    Where is this lifestyle center located?
    The property is located at Alexandria Pike & Poplar Rdg Rd Alexandria, KY.
    What is the asking price?
    The asking price for this property is $300,000.
    Request Owner's contact information
    Alexandria Pike & Poplar Rdg Rd 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
    Alexandria Pike & Poplar Rdg Rd Alexandria, KY 41001
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    We can help!
    Listing Contact
    Justin R Phelps
    Justin R Phelps
    Real Estate License ID: 30498665
    Learn more
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