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    1155 Worldwide Blvd Hebron, KY 41048

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    1155 Worldwide Blvd Hebron, KY 41048

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    • Warehouses
    • 483,840 SF
    • 26.87 lot acres
    For Lease
    $26,515,000
    View Listing →
    Hebron Warehouse with Spec Office For Lease
    $26,515,000
    176,000 SF

    Hebron Warehouse with Spec Office

    176,000 SF warehouse with spec office space available for lease.

    1155 Worldwide Blvd, Hebron, KY
    View Listing
    Property ID
    US34-0667353
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1155 Worldwide Blvd

    Year built
    1999
    Lot size
    26.87 lot acres
    Property size
    483,840 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    035.00-10-008.00
    APU
    35001000800

    Description

    This exceptional property, located at 1155 Worldwide Boulevard in Hebron, Kentucky, presents a unique opportunity for a single tenant to occupy a substantial 484,000 square foot building. The property is classified as both office and industrial, offering a flexible space ideal for a variety of businesses. The building features a significant amount of primary office space, complemented by ample warehouse space. The building's layout is designed for single-tenant occupancy, providing complete control and privacy. The warehouse area boasts a generous 28-foot ceiling height, facilitating efficient storage and operations. One drive-in door provides convenient access for loading and unloading. The property is equipped with robust power capabilities, featuring 3,000 amps of power at 277/480V, 3-phase. This ensures sufficient power for even the most demanding operations. The property's address is 1155 Worldwide Blvd, Hebron, KY 41048. The entire 484,000 square feet is currently vacant and ready for immediate occupancy. This presents a rare opportunity to secure a large, well-equipped space in a strategic location. The property's size and features make it suitable for a wide range of businesses seeking a significant footprint in the Hebron, Kentucky market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hebron
    County
    Boone
    State
    Kentucky
    Longitude
    -84.7135
    Latitude
    39.0847
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $176,620
    $2,685,000
    $14,315,000
    $17,000,000
    -
    $2,685,000
    $14,315,000
    $17,000,000

    Comparable in this City

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      2305 Litton Ln

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      2363 Progress Dr, Unit 2379

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      1820 Airport Exchange Blvd

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      View Details
    • Value Estimation
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      254,800 SF

      2030 Meridian Pl

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      View Details

    Similar Nearby for Sale

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      95,000 SF

      Industrial Building on 18.81 Acres

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      Prime Commercial Land Opportunity

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      Land For Sale

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      Hebron Retail/Restaurant Opportunity

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      Hebron Land with Existing Garage

      Large lot near amenities with existing garage, ready for building.
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      Land For Sale

      Land available for sale.
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    Similar Nearby for Lease

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      194,100 SF

      Hebron Warehouse Space Available

      194,100 SF warehouse space with 28' clear height.
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      176,000 SF

      Hebron Warehouse with Spec Office

      176,000 SF warehouse with spec office space available for lease.
      1155 Worldwide Blvd, Hebron, KY 41048
      View Details
    • Contact for pricing

      Hebron Warehouse with Expansion Potential

      50,000 SF warehouse with expansion capabilities in Hebron, KY.
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      189,400 SF

      Hebron Warehouse with Highway Visibility

      189,400 sq ft warehouse with excellent highway visibility.
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      525,000 SF

      Hebron Office and Warehouse Space

      Office and warehouse space available for lease in Hebron.
      1405 Worldwide Blvd, Hebron, KY 41048
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      387,200 SF

      Divisible Warehouse & Distribution Facility

      387,200 SF divisible warehouse and distribution facility for lease.
      1765 Worldwide Blvd, Hebron, KY 41048
      View Details
    View Listing
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    Hebron, KY 41048
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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.

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    1155 Worldwide Blvd, Hebron, KY, 41048

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