Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1940 Burlington Pike Burlington, KY 41005-8213
    Back to Search
    Property profile & analytics

    1940 Burlington Pike, Burlington, KY 41005-8213

    View on Map
    • Specialty properties
    • 8,037 SF
    • 2.39 lot acres
    Off-Market
    Last Sale Aug 3, 2025
    $14,575
    Property ID
    US34-0613123
    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
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 1940 Burlington Pike

    Year built
    2014
    Lot size
    2.39 lot acres
    Property type
    Specialty properties
    APN
    049.00-00-056.01
    APU
    49000005601

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 3, 2025 $14,575 Commonwealth Of Kentucky Linnemann LLC Deed —
    Apr 2, 2021 — Linnemann LLC — Deed · related $3.1M · Republic Bank & Trust Co
    Jun 4, 2014 — Linnemann LLC The Linnemann Funeral Home Of Erlan Deed —
    Oct 1, 2013 — The Linnemann Funeral Home Of Erlan The Linnemann Funeral Home Of Erlan Intrafamily Transfer · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $630,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,035,000
      MEDICAL BUILDING
      $925,000
      AUTO REPAIR, GARAGE
      $795,000
      RETAIL STORES
      $735,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Boone
    State
    Kentucky
    Longitude
    -84.6972
    Latitude
    39.0208
    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
    $20,104
    $836,400
    $963,120
    $1,799,520
    -
    $836,400
    $963,120
    $1,799,520

    Comparable in this City

    • Value Estimation by Request
      1.22 Acres

      4346 Bullittsville Rd

      COMMERCIAL (GENERAL)
      4346 Bullittsville Rd, Burlington, KY 41005-9158
      View Details
    • Value Estimation
      $725,000
      18.96 Acres

      1730 Lakeland Park Dr

      COMMERCIAL (GENERAL)
      1730 Lakeland Park Dr, Burlington, KY 41005-8066
      View Details
    • Value Estimation by Request
      0.50 Acres

      Limaburg Rd

      COMMERCIAL (GENERAL)
      Limaburg Rd, Burlington, KY 41005
      View Details
    • Value Estimation by Request
      473 SF

      1655 Burlington Pike Ste, Unit 102

      COMMERCIAL CONDOMINUIM
      1655 Burlington Pike Ste, Burlington, KY 41005
      View Details
    • Value Estimation by Request
      364 SF

      1655 Burlington Pike Ste, Unit 229

      COMMERCIAL CONDOMINUIM
      1655 Burlington Pike Ste, Burlington, KY 41005
      View Details
    • Value Estimation
      $635,000
      8,120 SF

      2257 Beil Rd

      FINANCIAL BUILDING
      2257 Beil Rd, Burlington, KY 41005
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,500 SF

      Burlington Commercial Property with Drive-Thru

      Commercial property in Burlington, KY, featuring a drive-thru and renovations.
      5981 Peoples Ct, Burlington, KY 41005
      View Details
    • Contact for pricing

      Land Near CVG Airport

      Land with utilities, ideal for serving the Amazon Prime site.
      5468 Limaburg Rd, Burlington, KY 41005
      View Details
    • $3,310,716

      New Starbucks in Burlington, KY

      Freestanding Starbucks with long-term lease and high traffic counts.
      1742 Wildcat Blvd, Burlington, KY 41005
      View Details
    • Contact for pricing
      50,000 SF

      50,000 SF Industrial Facility

      50,000 SF industrial space near CVG Airport.
      2150 Gtwy Blvd, Burlington, KY 41005
      View Details
    • Contact for pricing

      129.3 Acres Near Burlington, KY

      129.3 acres of land for sale near Burlington, Kentucky.
      4661-4665 Bullittsville Rd, Burlington, KY 41005
      View Details
    • Contact for pricing

      25.4 Acres in Burlington, KY

      25.4 acres in Burlington, KY, with utilities available.
      5695 Bullittsville Rd, Burlington, KY 41005
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Cincinnati Logistics Park - Airport West

      Class A logistics park near Cincinnati/Northern Kentucky International Airport.
      3374 Petersburg Rd, Burlington, KY 41005
      View Details
    • Contact for pricing
      260,072 SF

      Class A Warehouse Space Available

      260,072 SF Class A warehouse for lease.
      2440 Airwest Blvd, Burlington, KY 41005
      View Details
    • Contact for pricing
      7,435 SF

      Burlington Office Space Available

      7,435 SF office space for rent in Burlington, KY.
      6159 1St Financial Dr, Burlington, KY 41005
      View Details
    • Contact for pricing
      7,435 SF

      Medical Office Space Available

      7,435 SF medical office space for lease near CVG.
      6159 1St Financial Dr, Burlington, KY 41005
      View Details
    • Contact for pricing

      Office Space for Rent

      Office units available for rent in Florence, Kentucky.
      6159 1St Financial Dr, Burlington, KY 41005
      View Details
    • Contact for pricing
      174,378 SF

      New Construction Warehouse Pre-Leasing

      New construction warehouse space available for lease in Burlington, KY.
      1710 Lakeland Park Dr, Burlington, KY 41005
      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.
    1940 Burlington Pike
    Burlington, KY 41005-8213
    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

    Thank You for Inquiry
    1940 Burlington Pike, Burlington, KY, 41005
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!