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    Property profile & analytics

    Donaldson Hwy Erlanger, KY 41018

    • Land
    • 5.21 lot acres
    For Sale
    View listing
    $849,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Donaldson Hwy

    Lot size
    5.21 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 5.21-acre industrial land parcel in Erlanger, Kentucky, presents a compelling investment opportunity. Located on Donaldson Highway, this property benefits from the ongoing four-lane road expansion, ensuring excellent accessibility and visibility. Its strategic location offers unparalleled convenience, situated less than five minutes from Cincinnati/Northern Kentucky International Airport (CVG) and within five minutes of major interstates I-71/75 and I-275. The property is part of the established Houston/Donaldson Overlay, an area experiencing significant growth. Proximity to Amazon and DHL expansions further underscores the area's robust industrial activity and potential for future development. The I-1 zoning allows for a variety of industrial uses, making it suitable for businesses requiring convenient access to transportation hubs and a skilled workforce. The high volume of semi-truck traffic in the area makes this site particularly attractive for uses such as truck parking or logistics facilities. This 5.21-acre lot, with APN 060.00.00-027.00, is offered at $849,000 and presents a rare chance to acquire land in a thriving Kentucky industrial corridor, just 15 minutes from Cincinnati, OH. The property's location and zoning make it ideal for a variety of industrial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Erlanger
    County
    Boone
    State
    Kentucky
    Longitude
    -84.6335
    Latitude
    39.0376

    Comparable in this City

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      1.96 Acres

      Cave Run Dr

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      1675 Dolwick Dr

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      13,740 SF

      3511 Dixie Hwy

      LUMBERYARD, BUILDING MATERIALS • 13,740 SF
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      2691 Circleport Dr

      MINI-WAREHOUSE, STORAGE
      2691 Circleport Dr, Erlanger, KY 41018-1486
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    • Value Estimation
      $1,210,000
      41,846 SF

      1338 Cox Ave

      LIGHT INDUSTRIAL • 41,846 SF
      1338 Cox Ave, Erlanger, KY 41018-1002
      View Details
    • Value Estimation by Request
      24,000 SF

      21 Montgomery St, Unit 35

      WAREHOUSE, STORAGE • 24,000 SF
      21 Montgomery St, Erlanger, KY 41018-1835
      View Details

    Similar Nearby for Sale

    • $849,000
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      Erlanger Industrial Land Near CVG

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      80,625 SF

      Erlanger Warehouse Near Airport

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    • $70,000
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      Residential Land in Erlanger, KY

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    Similar Nearby for Lease

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      7,560 SF

      Erlanger Warehouse Space Available

      Warehouse space available for lease in Erlanger, Kentucky.
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      Erlanger Flex Space Near Airport

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      Erlanger Warehouse Space Available

      6,600 SF warehouse space with modern features for lease.
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      48,768 SF

      Industrial Warehouse Near Airport

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      Erlanger Flex Space For Rent

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    Erlanger, KY 41018
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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
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