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

    1818 Petersburg Rd Hebron, KY 41048-9613

    • Outlet malls
    • 13,888 SF
    • 1.44 lot acres
    OFF-MARKET
    Last Sale
    Apr 23, 2025
    $925,000
    Value Estimations
    $980,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0615419
    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.

    Current Use by Public Records

    • Outlet malls

    Property Details for 1818 Petersburg Rd

    Year built
    1978
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.44 lot acres
    Property size
    13,888 SF
    Property type
    Outlet malls
    APN
    047.00-00-078.01
    APU
    47000007801

    Description

    This exceptional 6,000 square foot flex space in Hebron, KY, presents a unique opportunity for businesses seeking a versatile and adaptable environment. Located in the Boone County/Florence submarket of Northern Kentucky, this property offers a prime location with excellent visibility and convenient parking for both employees and customers. The space is part of a larger 12,000 square foot strip center and currently features approximately 1,500 square feet of showroom/office space and 4,500 square feet of warehouse space, perfectly suited for a variety of uses. A significant advantage is the existing drive-in door, with the potential to add two to three more, enhancing operational efficiency and accessibility. The entire suite is climate-controlled, ensuring a comfortable and productive workspace year-round. The property is immediately available for occupancy, allowing for a swift and seamless transition for your business. This space is ideal for retail, office, or service-oriented businesses seeking a professional and welcoming atmosphere to attract and retain clients. The property's strategic location within a thriving Northern Kentucky community offers excellent access to a strong customer base and a robust local economy. Don't miss this chance to secure a highly desirable commercial space in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $990,000
      ML approach
      $985,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $941,000
      Market price range: $942k - $3.01M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hebron
    County
    Boone
    State
    Kentucky
    Longitude
    -84.6962
    Latitude
    39.0665
    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
    2023
    $5,373
    $125,000
    $350,000
    $475,000
    -
    $125,000
    $350,000
    $475,000

    Comparable in this City

    • Value Estimation
      $720,000
      14,136 SF

      3545 Bnd Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 14,136 SF
      3545 Bnd Rd, Hebron, KY 41048-8525
      View Details
    • Value Estimation
      $460,000
      17,540 SF

      2091 Bnd Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 17,540 SF
      2091 Bnd Rd, Hebron, KY 41048-9691
      View Details
    • Value Estimation
      $1,955,000
      0.83 Acres

      1949 Petersburg Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 0.83 Acres
      1949 Petersburg Rd, Hebron, KY 41048-9638
      View Details
    • Value Estimation
      $305,000
      1,320 SF

      2111 Bnd Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 1,320 SF
      2111 Bnd Rd, Hebron, KY 41048-9136
      View Details
    • Value Estimation
      $470,000
      10,540 SF

      2030 Northside Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 10,540 SF
      2030 Northside Dr, Hebron, KY 41048-7195
      View Details
    • Value Estimation
      $680,000
      10,640 SF

      3065 Bnd Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 10,640 SF
      3065 Bnd Rd, Hebron, KY 41048-2501
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.22 Acres

      Limaburg Road Commercial Lots

      Five Buildings, 2.22 Acres, High Growth Area
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    • $2,500,000
      7,433 SF

      Turnkey Auto Shop with Lifts

      Auto shop with 12 lifts, inventory, and paved parking.
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      95,000 SF

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      95,000 SF industrial building with expansion or development potential.
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      0.99 Acres

      Prime Hebron KY Commercial Land

      Exceptional commercial land, two parcels available.
      2401 Water Tower Dr, Hebron, KY 41048
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    • Contact for pricing
      3.50 Acres

      Hebron Commercial Land - 3.5 Acres

      Prime C-2 zoned land, ideal for business.
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      View Details
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      Land Parcels Near CVG Airport

      Multiple land sites available near the Cincinnati airport.
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    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Retail Space in Hebron, KY

      Retail space available in a busy Hebron shopping center.
      2000 N Bend Rd, Hebron, KY 41048
      View Details
    • $28 SF/Yr
      2,750 SF

      2,750 SF Quick Service Restaurant

      Quick service restaurant space for lease near I-275.
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      View Details
    • $10 SF/Yr
      6,000 SF

      Hebron Flex Space Available

      6,000 SF flex space with showroom and warehouse.
      1818 Petersburg Rd, Hebron, KY 41048
      View Details
    • Contact for pricing
      1,164 SF

      Retail Outparcel Near Kroger Marketplace

      Retail space with high visibility near Kroger Marketplace.
      3065 Bend Rd N, Hebron, KY 41048
      View Details
    • $10 SF/Yr
      75,500 SF

      Airport Center West Office Space

      Hebron, KY office suites available.
      2300 Litton Ln, Hebron, KY 41048
      View Details
    • Contact for pricing
      194,100 SF

      Hebron Warehouse Space Available

      194,100 SF warehouse space with 28' clear height.
      2250-2300 Progress Dr, Hebron, KY 41048
      View Details
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    Hebron, KY 41048-9613
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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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