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    4135 Alexandria Pike Cold Spring, KY 41076

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    For Lease
    Contact for pricing

    Kentucky Medical Office Suites Available

    Lot size:
    20,000 SF

    Property Features for 4135 Alexandria Pike

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF

    Building Details

    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 4135 Alexandria Pike, Cold Spring, KY 41076 Contact us

    We can help!

    Listing Contact
    Clint Bradley
    Clint Bradley

    Listing Agency: Ken Perry Realty Listing Agent: Clint Bradley

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

    Learn more

    Property Insight Report

    Overview

    This exceptional two-story medical office building, located at 4135 Alexandria Pike in Cold Spring, Kentucky, offers 20,000 square feet of prime commercial space. The property features 18 suites within a single brick building situated on a 1.74-acre lot boasting 287 feet of frontage on Alexandria Pike. Currently, multiple suites are available, ranging from 1,000 to 2,250 contiguous square feet, ideal for a variety of medical practices or professional service firms. The building provides ample parking with 65 spaces for tenants and their clients. The building is equipped with three-phase power. One highly desirable end-cap unit on the street level is available, offering excellent visibility and accessibility. A finished lower-level office suite is also available. Common area maintenance is estimated at $3.15 per square foot. This Class A space is situated in a thriving retail area of Campbell County, Kentucky, zip code 41076. The property presents a fantastic opportunity for businesses seeking a well-maintained, conveniently located, and highly visible space. Inquire today for detailed specifications and availability.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cold Spring
    County
    Campbell
    State
    Kentucky
    Longitude
    -84.438529537399
    Latitude
    39.020545759791

    Nearby Similar for Lease

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      4135 Alexandria Pike, Cold Spring, KY 41076
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      Meijer In-Store Retail Space

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      Retail Space in Cold Spring

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      16,000 SF

      Freestanding Retail Building For Lease

      16,000 SF freestanding retail building shadow-anchored by Kroger and others.
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    FAQs

    What type of property is this?
    Medical Office Space - Kentucky Medical Office Suites Available
    Where is this medical office space located?
    The property is located at 4135 Alexandria Pike Cold Spring, KY.
    What are key features of this property?
    This property features: 20,000 SF two-story medical office building in Cold Spring, KY.; 18 suites available, ranging from 1,000 to 2,250 contiguous SF.; Located on a 1.74-acre lot with 287 feet of frontage on Alexandria Pike.
    (859) 866-8725 Call to check price and availability
    Request Owner's contact information
    4135 Alexandria Pike Cold Spring, KY 41076
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    Cold Spring, KY 41076
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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
    4135 Alexandria Pike Cold Spring, KY 41076
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Clint Bradley
    Clint Bradley
    Real Estate License ID: 248133
    (859) 866-8725
    Learn more
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