Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    52 Acre Retail Development Site Title is generated by Realmo AI

    Alexandria Pike, Newport, KY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Regional retail development site with anchor space and outlots.

    Type:LAND
    Lot size:
    1.44 Acres
    Added:
    Aug 6, 2025
    Days on Market:
    294
    Last Refresh:
    May 20 at 9:24 pm

    Property Features for Alexandria Pike

    General Information

    Standard status
    Active
    Lot size
    1.44 Acres
    Property subtype
    LAND

    Spaces For Lease

    at Alexandria Pike Contact us

    We can help!

    Listing Contact
    Kyle Nageleisen
    Kyle Nageleisen

    Listing agent Kyle Nageleisen

    Listing office Midland Atlantic Properties

    Listing date Aug 6, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Midland Atlantic Properties

    HighLights

    • Anchored by Publix, Marshalls, & Hobby Lobby
    • 52 Acre Regional Retail Development
    • Located at the Highly Trafficked Regional Highway Intersection of KY SR 27 (29,292 ADT) and the AA Highway (25,954 ADT)
    • Two Signalized Points of Ingress/Egress along KY SR 27
    • Anchor Space, Small Shops, and Outlots Available
    • Expected Delivery Q3‑Q4 2025

    Overview

    This 52-acre regional retail development is anchored by Publix, Marshalls, and Hobby Lobby. The property is situated at the intersection of KY SR 27, with an average daily traffic count of 29,292, and the AA Highway, which sees 25,954 vehicles daily. Access to the site is facilitated by two signalized points of ingress and egress along KY SR 27. Anchor space, small shops, and outlots are available. The expected delivery date is in the third or fourth quarter of 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Newport
    County
    Campbell
    State
    Kentucky
    Longitude
    -84.4692
    Latitude
    39.0704

    Nearby Similar for Lease

    • $800/Mo
      1,000-1,000 SF

      514 York

      Bright, versatile office space in Newport, KY, near Cincinnati.
      514 York St, Unit 4th Floor, Newport, KY 41071
      View Details
    • $22 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
      View Details
    • $15 SF/Yr
      16,370 SF

      Retail Space in Newport Corridor

      Retail spaces available in high-visibility Newport location.
      1697-1853 Monmouth St, Newport, KY
      View Details
    • Contact for pricing
      10,080 SF

      Premier Boardwalk Restaurant Space

      Prime restaurant spaces with Cincinnati skyline views.
      Columbia St & W 4th St, Newport, KY
      View Details
    • Contact for pricing
      40,897 SF

      Office Space Available For Rent

      Office building with 40897 square feet available for rent.
      1 Levee Way, Newport, KY 41071
      View Details
    • $16 SF/Yr
      5,750 SF

      Newport Office Space For Rent

      21,740 SF office space in historic Newport building.
      601 Washington Ave, Newport, KY
      View Details
    • $15 SF/Yr
      4,640 SF

      Retail Space Near Cincinnati

      Retail property for lease, close to Cincinnati and airport.
      1753 Monmouth St, Newport, KY
      View Details
    • $15 SF/Yr
      1,200 SF

      Retail Space in Newport, KY

      Retail space available for lease in Newport, Kentucky.
      1727 Monmouth St, Newport, KY
      View Details
    • Contact for pricing
      5,600 SF

      Regional Retail Development For Lease

      52-acre retail development with anchor space, small shops, and outlots.
      6629 Harvest Trail, Newport, KY
      View Details
    • Contact for pricing
      4,000 SF

      Regional Retail Development Space Available

      Retail development anchored by Publix, Marshalls, and Hobby Lobby.
      Rocky View Dr, Newport, KY
      View Details
    • Contact for pricing
      16,195 SF

      New Office Building Pre-Leasing

      Eight-story office building with patios available for pre-leasing.
      4th St, Newport, KY
      View Details
    • Contact for pricing
      4,793 SF

      Regional Retail Development Space Available

      Retail spaces available in regional development anchored by Publix.
      6635 Harvest Trail, Newport, KY
      View Details

    FAQs

    What type of property is this?
    Commercial land - Regional retail development site with anchor space and outlots.
    Where is this commercial land located?
    The property is located at Alexandria Pike Newport, KY.
    What are key features of this property?
    This property features: Anchored by Publix, Marshalls, & Hobby Lobby; 52 Acre Regional Retail Development; Located at the Highly Trafficked Regional Highway Intersection of KY SR 27 (29,292 ADT) and the AA Highway (25,954 ADT)
    (513) 792-5000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kyle Nageleisen
    Kyle Nageleisen
    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.
    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

    Thank You for Inquiry
    Alexandria Pike, Newport, KY
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!