Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hoop Dr Walton, KY 41094
    Property profile & analytics

    Hoop Dr, Walton, KY 41094

    View on Map
    • Land
    • 20,000 SF
    • 63.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hoop Dr

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

    Description

    This exceptional 63-acre industrial land parcel presents a unique build-to-suit opportunity in the thriving Walton, KY market. Located on Hoop Dr in Boone County, this single-tenant site offers unparalleled flexibility for businesses seeking to construct a facility tailored to their specific needs. The property is zoned for industrial use and allows for building sizes ranging from 5,000 to 20,000 square feet, providing scalability for various operations. Its prime location in Boone County, Kentucky, offers easy access to major transportation arteries, ensuring efficient logistics and distribution. The site's expansive acreage provides ample space for building construction, parking, and potential future expansion. This is an ideal location for companies seeking a custom-built facility in a strategic and rapidly growing area. The property is ready for immediate development, presenting a rare chance to establish a significant presence in a highly desirable industrial market. With its convenient location and flexible build-to-suit options, this property represents a compelling investment opportunity for discerning businesses. The zip code is 41094. The property is classified as land with an industrial subtype.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Walton
    County
    Boone
    State
    Kentucky
    Longitude
    -84.6055
    Latitude
    38.8934

    Comparable in this City

    • Value Estimation by Request
      6.10 Acres

      12025 Chandler Dr

      Land
      12025 Chandler Dr, Walton, KY 41094
      View Details
    • Value Estimation by Request
      2.00 Acres

      650 Mary Grubbs Hwy

      Land
      650 Mary Grubbs Hwy, Walton, KY 41094
      View Details
    • Value Estimation by Request
      420.00 Acres

      13700 Dixie Hwy

      Land
      13700 Dixie Hwy, Walton, KY 41094
      View Details
    • Value Estimation by Request
      3.00 Acres

      55 Precision Dr Walton Ky

      Land
      55 Precision Dr Walton Ky, Walton, KY 41094
      View Details
    • Value Estimation by Request
      63.00 Acres

      Hoop Dr

      Land
      0 Hoop Dr, Walton, KY 41094
      View Details
    • Value Estimation by Request
      167.00 Acres

      13700 Dixie Hwy

      Farms
      13700 Dixie Hwy, Walton, KY 41094
      View Details

    Similar Nearby for Sale

    • $6,700,000
      167.00 Acres

      Prime Walton KY Industrial Land

      167 Acres, Rail Access, I-71/75 Proximity
      13700 Dixie Hwy, Walton, KY 41094
      View Details
    • Contact for pricing

      Richwood, KY Land For Sale

      7.31 acres of land available in Richwood, Kentucky.
      12887 Frogtown Connector Rd, Walton, KY 41094
      View Details
    • Contact for pricing
      26,600 SF

      Industrial Building For Sale

      Industrial building with global credit tenant, investment opportunity.
      3 Hoop Dr, Walton, KY 41094
      View Details
    • Contact for pricing

      Land Build to Suit

      Land available for build to suit opportunity.
      Hoop Dr, Walton, KY 41094
      View Details
    • Contact for pricing
      575,000 SF

      New Industrial Space Near I-75/I-71

      575,000 SF industrial space near I-75/I-71, completion May 2023.
      13015 Dixie Hwy, Walton, KY 41094
      View Details
    • Contact for pricing
      891,314 SF

      Spacious Industrial Warehouse Available

      891,314 SF warehouse with crossdock configuration and expansion potential.
      100 Final Mile Blvd, Walton, KY 41094
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Lease Opportunity

      Land available for lease, build to suit.
      Hoop Dr, Walton, KY 41094
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease in Walton, Kentucky.
      12300 Towne Center Dr, Walton, KY 41094
      View Details
    • Contact for pricing
      232,500 SF

      Walton Warehouse and Distribution Space

      232,500 SF warehouse/distribution space near I-75 and I-71.
      200 Richard Knock Way, Walton, KY 41094
      View Details
    • Contact for pricing
      523,884 SF

      Available Industrial Space in Richwood

      523,884 SF industrial space for lease near Cincinnati Airport.
      505 Innovation Way, Richwood, KY 41094
      View Details
    • Contact for pricing
      522,870 SF

      Walton Warehouse Distribution Opportunity

      Spec-to-suit warehouse/distribution space with ample parking in Walton, KY.
      505 Innovation Way, Walton, KY 41094
      View Details
    • Contact for pricing
      744,888 SF

      Northern Kentucky Warehouse Space Available

      744,888 SF warehouse space for lease in Richwood, Kentucky.
      500 Innovation Way, Richwood, KY 41094
      View Details
    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.
    Hoop Dr
    Walton, KY 41094
    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
    Hoop Dr, Walton, KY, 41094
    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!