Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2049 Dixie Hwy Ft Mitchell, KY 41011-2609

    • Office buildings
    • 1,536 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0247398
    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

    • Christian J. Hay, DC / Alternative Medicine Practice
    • The Hay Chiropractic Center / Physician

    Property Details for 2049 Dixie Hwy

    Year built
    1925
    Lot size
    0.42 lot acres
    Property size
    1,536 SF
    Property type
    Office buildings
    APN
    028-30-09-023.00
    APU
    28300902300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ft Mitchell
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5492
    Latitude
    39.0534
    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
    $834
    $140,000
    $65,000
    $205,000
    -
    $140,000
    $65,000
    $205,000

    Comparable in this City

    • Value Estimation by Request
      3,876 SF

      1016 Greenup St

      OFFICE BUILDING • 3,876 SF
      1016 Greenup St, Covington, KY 41011-3214
      View Details
    • Value Estimation
      $1,095,000
      9,444 SF

      333 Madison Ave

      OFFICE BUILDING • 9,444 SF
      333 Madison Ave, Covington, KY 41011-1517
      View Details
    • Value Estimation
      $1,045,000
      9,555 SF

      902-26 Willow Run

      OFFICE BUILDING • 9,555 SF
      902-26 Willow Run, Covington, KY 41011
      View Details
    • Value Estimation
      $2,385,000
      23,040 SF

      1885 Dixie Hwy

      OFFICE BUILDING (MULTI-STORY) • 23,040 SF
      1885 Dixie Hwy, Ft Wright, KY 41011-2662
      View Details
    • Value Estimation by Request
      2,169 SF

      1514 Dixie Hwy

      OFFICE BUILDING • 2,169 SF
      1514 Dixie Hwy, Park Hills, KY 41011-2819
      View Details
    • Value Estimation by Request
      4,582 SF

      2039 Dixie Hwy

      OFFICE BUILDING • 4,582 SF
      2039 Dixie Hwy, Ft Mitchell, KY 41011-2609
      View Details

    Similar Nearby for Sale

    • $699,000
      5,037 SF

      Historic Covington Landmark with Parking

      Historic 5,000 SF property with parking in Covington, KY.
      526 Greenup St, Covington, KY 41011
      View Details
    • $989,000
      9,000 SF

      Historic Morgan Building For Sale

      9,000 SF, three-story building with parking in Covington, KY.
      421 Madison Ave, Covington, KY 41011
      View Details
    • $2,495,000
      17,675 SF

      Class A Office Building

      Modern office building in Downtown Covington with existing tenants.
      632 Russell St, Covington, KY 41011
      View Details
    • $160,000
      0.65 Acres

      Land with City View Potential

      Two lots with scheme plans for multiple houses and income potential.
      1246 W Pike St, Covington, KY 41011
      View Details
    • Contact for pricing
      0.11 Acres

      Vacant Double Lot in Covington

      Double lot in West Covington near I-75 and Devou Park.
      1280 Parkway Ave, Covington, KY 41011
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,107 SF

      Office Building Near Downtown Cincinnati

      Office space with building signage and conference room access.
      1885 Dixie Hwy, Ft Wright, KY 41011
      View Details
    • Contact for pricing
      11,293 SF

      Office Space Near Downtown Cincinnati

      Office buildings with signage and conference room, near downtown.
      1881 Dixie Hwy, Ft Wright, KY 41011
      View Details
    • $15 SF/Yr
      1,980 SF

      Covington Executive Office Suite

      Prime Covington Office Space, 1980 SF
      434 Scott St, Covington, KY 41011
      View Details
    • $17 SF/Yr
      3,300 SF

      Renovated Urban Office Space

      3300 SF Covington office space with parking.
      722 Scott St Unit, Covington, KY 41011
      View Details
    • Contact for pricing
      8,941 SF

      Premier Office Space in Covington

      Iconic RiverCenter complex offering unparalleled convenience and quality service.
      100 E Rivercenter Blvd, Covington, KY 41011
      View Details
    • $19 SF/Yr
      58,878 SF

      Wright's Summit III Executive Suites

      Prestigious Office Space, Kenton County
      810 Smt Pkwy, Fort Wright, KY 41011
      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.
    2049 Dixie Hwy
    Ft Mitchell, KY 41011-2609
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!