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    The Largest CRE Database in the US with Over 1 Million Listings

    4135 Alexandria Pike Cold Spring, KY 41076

    Sponsored
    For Lease
    $15 SF/Yr

    Class A retail space, Cold Spring, KY

    Lot size:
    20,004 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    414
    This exceptional Class A retail property, Ken Perry Realty Plaza, located at 4135 Alexandria Pike in Cold Spring, Kentucky, offers 20,004 square feet of prime retail space in a thriving commercial hub. The single, two-story building, constructed in 2008, features 16 suites, with two spaces currently available, ranging from 1,000 to 1,250 square feet. Each space is easily divisible to a minimum of 1,000 contiguous square feet, making it ideal for a variety of businesses. The property boasts ample on-site parking with 65 spaces, ensuring convenient access for customers and employees. The building is situated on a 1.74-acre lot with 330 feet of frontage along Alexandria Pike, providing excellent visibility and accessibility. The property benefits from three-phase power and is zoned for commercial use. Located in Campbell County (zip code 41076), this retail center is part of an established retail corridor, surrounded by national brands such as Lowe's, Home Depot, Staples, Meijer, Kohl's, and two Kroger locations. The surrounding community demonstrates strong economic indicators, with an average household income exceeding $88,000 within a 15-minute radius, and an annual spending total of $2 billion in the same area. Annual common area maintenance costs are estimated at $3.15 per square foot. This turnkey space is perfect for professional service firms, medical practices, and retailers seeking a high-traffic location in a prosperous community.

    Property Features for 4135 Alexandria Pike

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,004 SF
    Class
    A
    Total Rate
    25005

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 108
    Size
    1,000 SF
    Rate per SF
    $15
    Space
    Suite 209
    Size
    1,250 SF
    Rate per SF
    $22

    We can help!

    Listing Contact
    Clint Bradley
    Clint Bradley

    Learn more

    Property Insight Report

    HighLights

    • Triple Net lease, $3.15/SF CAM.
    • Located in a high‑growth area with strong demographics ($88,000+ avg. household income within 15 minutes).
    • 1,000‑1,250 SF retail space available, divisible to 1,000 SF.
    • Class A, 20,004 SF retail building, built in 2008.
    • Ample on‑site parking (65 spaces).
    • High visibility corner location with traffic signal, 60 feet from US 27.
    Property Profile Location Intelligence

    Current Use by Public Records

    Perry Real Estate ... Real Estate School Law Office of Joshua ... Attorney McKinlee Miller Real ... Real Estate Agent Bonnie Louis, Realtor® ... Real Estate Agency Schneider's Auction Service Auction House

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Cold Spring
    County
    Campbell
    State
    Kentucky
    Longitude
    -84.438585617888
    Latitude
    39.020538438193

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    Nearby Similar for Lease

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      46,616 SF

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      Cold Spring, KY Strip Mall - 2,100 SF Available
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      View Details
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      Retail Space in Cold Spring

      Neighborhood retail center with high visibility and traffic counts.
      180-220 Plaza Dr, Cold Spring, KY 41076
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    • Contact for pricing
      16,000 SF

      Freestanding Retail Building For Lease

      16,000 SF freestanding retail building shadow-anchored by Kroger and others.
      400 Cross Rds Blvd, Cold Spring, KY
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      Meijer In-Store Retail Space

      Cold Spring, KY Retail Opportunity
      5400 Alexandria Pike, Cold Spring, KY 41076
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Class A retail space, Cold Spring, KY
    Where is this neighborhood center located?
    The property is located at 4135 Alexandria Pike Cold Spring, KY.
    What is the lease rate?
    The lease rate is $15-$22 SF/Yr.
    What are key features of this property?
    This property features: Triple Net lease, $3.15/SF CAM.; Located in a high-growth area with strong demographics ($88,000+ avg. household income within 15 minutes).; 1,000-1,250 SF retail space available, divisible to 1,000 SF.
    Request Owner's contact information
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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!
    Listing Contact
    Clint Bradley
    Clint Bradley
    Real Estate License ID: 248133
    Learn more
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