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    Property profile & analytics

    2320 Grandview Dr Ft Wright, KY 41017-1562

    • Office buildings
    • 6,004 SF
    • 0.78 lot acres
    OFF-MARKET
    Value Estimations
    $1,045,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0301332
    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

    • Stonegate Property Management, Inc. / Property Management Company
    • Cullen Wainscott - Realtor - Berkshire Hathaway HomeServices Professional Realty / Real Estate Agency
    • Berkshire Hathaway Homeservices Professional Realty / Real Estate Agency
    • Judy Behan/Berkshire Hathaway HomeServices Professional Realty / Real Estate Agency
    • Amy Walter- Berkshire Hathaway HomeServices Professional Realty / Real Estate Agency

    Property Details for 2320 Grandview Dr

    Year built
    1993
    Lot size
    0.78 lot acres
    Property size
    6,004 SF
    Property type
    Office buildings
    APN
    028-10-15-004.01
    APU
    28101500401

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,395,000
      6.5%
      $1,285,000
      7%
      $1,195,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $991,000
      Market price range: $488k - $1.04M
      AI Estimate
      $858,000
      Market price range: $191k - $1.08M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $735,000
      Current use
      RESTAURANT
      $790,000
      Change: +7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Ft Wright
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5723
    Latitude
    39.0499
    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
    $10,447
    $193,500
    $786,500
    $980,000
    -
    $193,500
    $786,500
    $980,000

    Comparable in this City

    • Value Estimation
      $3,035,000
      18,716 SF

      2330 Royal Dr, Unit 32

      OFFICE BUILDING • 18,716 SF
      2330 Royal Dr, Ft Wright, KY 41017-2008
      View Details
    • Value Estimation
      $1,060,000
      8,200 SF

      705 Buttermilk Pike

      OFFICE BUILDING • 8,200 SF
      705 Buttermilk Pike, Crescent Springs, KY 41017-1318
      View Details
    • Value Estimation
      $1,770,000
      17,061 SF

      3005 Dixie Hwy

      OFFICE BUILDING • 17,061 SF
      3005 Dixie Hwy, Edgewood, KY 41017-2352
      View Details
    • Value Estimation by Request
      1,500 SF

      2366 Grandview Dr, Unit D-4C

      OFFICE BUILDING • 1,500 SF
      2366 Grandview Dr, Ft Mitchell, KY 41017-1633
      View Details
    • Value Estimation by Request
      4,662 SF

      184 Barnwood Dr

      OFFICE BUILDING • 4,662 SF
      184 Barnwood Dr, Edgewood, KY 41017-2501
      View Details
    • Value Estimation by Request
      2,432 SF

      168 Barnwood Dr

      OFFICE BUILDING • 2,432 SF
      168 Barnwood Dr, Edgewood, KY 41017-2501
      View Details

    Similar Nearby for Sale

    • $1,375,000
      17,923 SF

      Edgewood Office Building For Sale

      Office building in desirable Northern Kentucky suburb, close to amenities.
      196 Barnwood Dr, Edgewood, KY 41017
      View Details
    • $249,900
      1,500 SF

      Commercial Condo in Fort Mitchell

      Commercial condo space suitable for various business types.
      2370 Grandview Dr, Covington, KY 41017
      View Details
    • $489,000
      2,500 SF

      Crestview Hills Office Space

      2,500 SF office space in Crestview Hills, Kentucky.
      545-567 Centre View Blvd, Crestview Hills, KY 41017
      View Details
    • $269,000
      1,406 SF

      Crestview Hills Office Condo

      Ground floor office condo suitable for medical or general office use.
      559 Centre View Blvd, Crestview Hills, KY 41017
      View Details
    • $299,000
      2,712 SF

      Turnkey Dental Office For Sale

      Prime Northern Kentucky location, ideal for dental practice.
      234 Thomas More Pkwy, Crestview Hills, KY 41017
      View Details
    • $1,500,000

      Medical Office Building For Sale

      Single tenant medical office building leased to Hopebridge Autism Therapy.
      2904 Foltz Dr, Edgewood, KY 41017
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      7,500 SF

      Class A Office Space Available

      Class A office space with unbeatable signage and ample parking.
      207 Grandview Dr, Ft Mitchell, KY 41017
      View Details
    • Contact for pricing
      10,350 SF

      Class A Office Space Available

      High-visibility office space with abundant parking and tenant amenities.
      740 Centre View Blvd, Crestview Hills, KY 41017
      View Details
    • $6 SF/Yr
      112,000 SF

      Covington Warehouse and Office Space

      112,000 SF warehouse and office space available for lease.
      3780 Lake Park Dr, Covington, KY 41017
      View Details
    • Contact for pricing
      2,108 SF

      Office Space with Highway Visibility

      Office space for lease with on-site amenities and management.
      250 Grandview Dr, Ft Mitchell, KY 41017
      View Details
    • $15 SF/Yr

      Professional Office Suites For Lease

      Professional office suites for lease in Crescent Springs, Kentucky.
      2327 Anderson Rd, Crescent Springs, KY 41017
      View Details
    • $3,400 /Mo
      8,151 SF

      Crestview Hills Commercial Space

      Commercial space for lease near St. Elizabeth campus.
      599 Freedom Park Dr, Crestview Hills, KY 41017
      View Details
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    Ft Wright, KY 41017-1562
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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.

    More about this property
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