Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1675 Dolwick Dr Erlanger, KY 41018

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1675 Dolwick Dr Erlanger, KY 41018

    View on Map
    • Industrial properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 1675 Dolwick Dr

    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional single-tenant flex space at 1675 Dolwick Drive offers a unique opportunity. The property boasts a total of 7.1306 acres, strategically divided between Boone County (3.5844 acres) and Kenton County (3.5462 acres). The Boone County portion, currently under construction, features a 6,000 square foot building (50' x 120'). This building includes three 12'w x 14'h overhead drive-in doors on the east elevation, and 1,200 square feet of mezzanine office space, with an additional 1,200 square feet of mezzanine office space below. Three toilet rooms are also included. The site will be gated, fenced, and landscaped. The Kenton County parcel (3.5462 acres) includes an existing paved concrete lot (approximately 8" thick with rebar). A proposed building on this parcel will measure 50' x 115' and feature six 12'w x 14'h drive-in doors on the east elevation, a shop toilet, and a janitor closet. An adjacent unpaved yard area of approximately 5,000 square feet offers potential for expansion or secured storage. This property presents a compelling combination of existing and planned space, ideal for a variety of industrial and flex uses. The location provides excellent access and visibility.

    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
    -84.6212
    Latitude
    39.0556

    Comparable in this City

    • Value Estimation by Request

      1525 Cox Ave

      LIGHT INDUSTRIAL
      1525 Cox Ave, Erlanger, KY 41018-1001
      View Details
    • Value Estimation
      $1,520,000
      19,872 SF

      167 Gap Way

      LIGHT INDUSTRIAL • 19,872 SF
      167 Gap Way, Erlanger, KY 41018-3130
      View Details
    • Value Estimation by Request
      1.13 Acres

      1468 Cox Ave

      LIGHT INDUSTRIAL • 1.13 Acres
      1468 Cox Ave, Erlanger, KY 41018-1094
      View Details
    • Value Estimation
      $3,810,000
      48,068 SF

      2791 Circleport Dr

      LIGHT INDUSTRIAL • 48,068 SF
      2791 Circleport Dr, Erlanger, KY 41018-1080
      View Details
    • Value Estimation by Request

      1342 Jamike Ave

      LIGHT INDUSTRIAL
      1342 Jamike Ave, Erlanger, KY 41018-3114
      View Details
    • Value Estimation
      $14,965,000
      19.16 Acres

      4455 Olympic Blvd

      LIGHT INDUSTRIAL • 19.16 Acres
      4455 Olympic Blvd, Erlanger, KY 41018-3133
      View Details

    Similar Nearby for Sale

    • $3,250,000
      24,587 SF

      Erlanger Industrial Building For Sale

      24,587 SF industrial building with expansion potential.
      1211 Cox Ave, Erlanger, KY 41018
      View Details
    • Contact for pricing
      13,620 SF

      Erlanger Warehouse with Highway Frontage

      Warehouse in Erlanger near I-71/I-75 and I-275.
      635 Viox Dr, Erlanger, KY 41018
      View Details
    • Contact for pricing
      80,625 SF

      Erlanger Warehouse Near Airport

      Erlanger warehouse with secure outdoor storage near CVG Airport.
      1499 Jamike Ave, Erlanger, KY 41018
      View Details
    • New
      $212,999
      1,148 SF

      Erlanger Duplex: Income Potential

      Well-maintained duplex in Erlanger, KY, generating $1,840 monthly.
      14 Locust St, Erlanger, KY 41018
      View Details
    • Contact for pricing
      10,500 SF

      Retail Investment Opportunity in Erlanger

      10,500 SF retail space in Kenton County area.
      3152-1/2 Dixie Hwy, Erlanger, KY 41018
      View Details
    • Contact for pricing

      Boone County Land Opportunity

      Land sites with highway visibility near CVG Airport.
      3990 Olympic Blvd, Erlanger, KY 41018
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,528 SF

      Erlanger Flex Space Near Airport

      Flex space available near Cincinnati/Northern Kentucky International Airport.
      1445 Jamike Ave, Erlanger, KY 41018
      View Details
    • Contact for pricing
      6,600 SF

      Erlanger Warehouse Space Available

      6,600 SF warehouse space with modern features for lease.
      1325 Donaldson Hwy, Erlanger, KY 41018
      View Details
    • Contact for pricing
      27,452 SF

      Erlanger Warehouse Space Available

      Renovated warehouse space with convenient access to major transportation routes.
      3300 Turfway Rd, Erlanger, KY 41018
      View Details
    • Contact for pricing
      7,560 SF

      Erlanger Warehouse Space Available

      Warehouse space available for lease in Erlanger, Kentucky.
      1360 Donaldson Hwy, Erlanger, KY 41018
      View Details
    • Contact for pricing
      48,768 SF

      Industrial Warehouse Near Airport

      Industrial warehouse ideal for local and regional distribution.
      4620 Olympic Blvd, Erlanger, KY 41018
      View Details
    • Contact for pricing
      8,591 SF

      Erlanger Warehouse Space Available

      4,465 SF warehouse space with office potential near airport.
      1487 Jamike Ave, Erlanger, KY 41018
      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.
    1675 Dolwick Dr
    Erlanger, KY 41018
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!