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    1985 International Way Hebron, KY 41048
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    Property profile & analytics

    1985 International Way, Hebron, KY 41048

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    • Warehouses
    • 188,533 SF
    • 14.43 lot acres
    For Lease
    $5 SF/Yr
    View Listing →
    Hebron Warehouse with Highway Visibility For Lease
    $5 SF/Yr
    189,400 SF

    Hebron Warehouse with Highway Visibility

    189,400 sq ft warehouse with excellent highway visibility.

    1985 International Way, Hebron, KY
    View Listing
    Property ID
    US34-0457754
    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 1985 International Way

    Year built
    1999
    Construction
    TYPE NOT SPECIFIED
    Lot size
    14.43 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    047.00-05-014.00
    APU
    47000501400

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 1, 2025 — Ilpt Hebron Ky LLC — Deed · related —
    Nov 1, 2022 — Ilpt Hebron Ky LLC — Deed · related $110M · Citi Real Estate Funding INC
    Apr 11, 2022 — Industrial Logistics Properties Tru Ilpt Kyin LLC Special Warranty Deed $112.6M · Citibank NA
    Feb 26, 2019 — Ilpt Kyin LLC RT Hebron LLC Special Warranty Deed —
    Oct 31, 2018 — RT Hebron LLC — Deed · related $250M · Bank Of America NA
    Nov 3, 2010 $14,750,000 RT Hebron LLC Teachers Insurance & Annuity Associ Special Warranty Deed —

    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
    -84.7049
    Latitude
    39.083
    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
    $94,579
    $1,300,000
    $7,800,000
    $9,100,000
    -
    $1,300,000
    $7,800,000
    $9,100,000

    Comparable in this City

    • Value Estimation
      $720,000
      3.62 Acres

      2838 Barkley Dr

      MINI-WAREHOUSE, STORAGE
      2838 Barkley Dr, Hebron, KY 41048
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    • Value Estimation
      $815,000
      31.41 Acres

      3500 Langley Dr

      MINI-WAREHOUSE, STORAGE
      3500 Langley Dr, Hebron, KY 41048-9118
      View Details
    • Value Estimation
      $510,000
      25.34 Acres

      2305 Litton Ln

      MINI-WAREHOUSE, STORAGE
      2305 Litton Ln, Hebron, KY 41048-9397
      View Details
    • Value Estimation
      $780,000
      7.41 Acres

      2363 Progress Dr, Unit 2379

      MINI-WAREHOUSE, STORAGE
      2363 Progress Dr, Hebron, KY 41048-8758
      View Details
    • Value Estimation
      $550,000
      2.44 Acres

      1820 Airport Exchange Blvd

      MINI-WAREHOUSE, STORAGE
      1820 Airport Exchange Blvd, Hebron, KY 41048-3131
      View Details
    • Value Estimation
      $15,905,000
      254,800 SF

      2030 Meridian Pl

      MINI-WAREHOUSE, STORAGE
      2030 Meridian Pl, Hebron, KY 41048-9541
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      95,000 SF

      Industrial Building on 18.81 Acres

      95,000 SF industrial building with expansion or development potential.
      1102 Aviation Blvd, Hebron, KY 41048
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      2401 Water Tower Dr, Hebron, KY 41048
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    • Contact for pricing

      Prime Commercial Land Opportunity

      3.5 acres of commercial land in a high-traffic area.
      1965 Petersburg Rd, Hebron, KY 41048
      View Details
    • New
      $545,000
      Pending

      Turn-Key Corner Retail/Restaurant Building

      Single-tenant corner building with included FF&E and on-site parking for restaurant, retail, or service use.
      1933 Petersburg Rd, Hebron, KY 41048
      View Details
    • $195,000
      1.84 Acres

      Hebron Land with Existing Garage

      Large lot near amenities with existing garage, ready for building.
      803 N Bend Rd, Hebron, KY 41048
      View Details
    • Contact for pricing

      Dual-Building Facility in Premier Corridor

      9,800 SF facility on 1.7 acres near airport.
      2919 Hebron Park Dr, Hebron, KY 41048
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      70,000 SF

      Available Warehouse Space Near Airport

      70,000 SF warehouse space, ideal for storage near I-275.
      2960 Riverview Dr, Petersburg, 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
    • Contact for pricing
      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
      Pending

      Hebron Warehouse Space Available

      Warehouse space available for lease in Hebron, Kentucky.
      1180 Elijah Creek Rd, Hebron, KY 41048
      View Details
    • Contact for pricing
      2,700 SF

      Hebron Warehouse Near Airport

      2,700 SF warehouse space near Cincinnati Airport available for sublease.
      1840 Airport Exchange Blvd, Hebron, KY 41048
      View Details
    • Contact for pricing
      151,444 SF

      Hebron Industrial Space For Lease

      Industrial space available for lease in Hebron, Kentucky.
      3720 Langley Dr, 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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