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Property profile & analytics
FOR LEASE
Warehouses
1840 Airport Exchange Blvd Hebron, KY 41048
Individually Owned
1-yr Hold
Free & Clear
Property ID
US34-0640078
For Lease
1 / 2
Contact for pricing
1840 Airport Exchange Blvd, Hebron, KY 41048
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1990
Total area
250,700 SF
Lot
16.27 ac (708,721 SF)
APN
070.00-01-007.00
UPID
US34-0640078
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.15M
Comparable Approach
Comparable
$25.35M
Blend (final)
Blend
$26.24M
Owner & transaction history
Dg Industrial Portfolio Viii Ky Pro · 1 yrs held
Dg Industrial Portfolio Viii Ky Pro
since 2024
Last sale
$23.2M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$43.3M
+37.5%
Office building
$33.2M
+5.6%
Retail stores
$32.0M
+1.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hebron submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hebron submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$35,905,000
6.5%
$33,145,000
7%
$30,775,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$31,490,000
Current use
COMMERCIAL (GENERAL)
$43,290,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$33,240,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$32,000,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$26.24M
Range $23.62M – $28.86M · ±10% · vs last sale $23.24M (Sep 23 2024)
Last sale anchor
$23.24M
Sep 23 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$105 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$122,660
Tax year 2024
Assessed value
$11,000,000
Assessed 2024
Previous assessed
$11,000,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$3,600,000
Assessed improvement
$7,400,000
Land market value
$3,600,000
Improvement market value
$7,400,000
Total market value
$11,000,000
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1990
Heating
NONE
Stories
1
Total area
250,700 SF
Lot
16.27 ac (708,721 SF)
APN
070.00-01-007.00
UPID
US34-0640078
Jurisdiction
BOONE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$31.5M
COMMERCIAL (GENERAL)
Est. value
$43.3M
OFFICE BUILDING
Est. value
$33.2M
RETAIL STORES
Est. value
$32.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Stories
1
Lot
16.27 ac
Current owner
From public records · entity-resolved
Dg Industrial Portfolio Viii Ky Pro
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
$23,236,000
Dg Industrial Portfolio Viii Ky Pro
Canyon Ky1mo2 & Kyi W03w04 LLC
Special Warranty Deed
—
Mar 28, 2024
—
Breit Industrial Canyon Ky1m02 & Ky
—
Deed
related
$170,000,000 · Goldman Sachs Bank USA A New York State-
Sep 20, 2013
$9,500
Cabot IV Ky1m02 & Ky1w03 W04 LLC
Gateway Kentucky Properties INC
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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