Property profile

1881 Dixie Hwy Ft Wright, KY 41011

OFF-MARKET
Other commercial real estate
Property ID
US34-0226830
33,048 SF 1.36 ac lot Built 1998
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property consists of two three-story office buildings located at 1885 Dixie Hwy and 1881 Dixie Hwy, each providing approximately 25,000 square feet of office space. The buildings include an on-site conference room and provide building signage with direct visibility to I-71/I-75. The location is approximately 10 minutes from Greater Cincinnati International Airport and about 5 minutes from downtown Cincinnati.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1998
Total area 33,048 SF
Lot 1.36 ac (59,242 SF)
APN 041-20-00-007.00
UPID US34-0226830

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Medical Clinic Hospital
  • Employment Agency
  • General Contractor

Location

1881 Dixie Hwy Ft Wright, KY 41011-2624
Ft Wright metro Census 64800 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.14M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.76M
Blend (final) Blend
$2.33M

Owner & transaction history

since 2020
Last sale
$2.9M
4 recorded transactions
2020
$2.9M
2020
$2.3M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $4.4M +65.9%
Office building $3.5M +31.9%
Retail stores $2.9M +11.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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