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Property profile & analytics
OFF-MARKET
Estimated value
$28,950,000
Commercial real estate
2901 Dixie Hwy Ft Mitchell, KY 41017
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US34-2317449
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2005
Total area
475,250 SF
Lot
37.16 ac (1,618,515 SF)
APN
015-30-00-505.00
UPID
US34-2317449
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
BCBGMAXAZRIA at Dillard's Fashion Accessories Store Shoe Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$32.16M
Blend (final)
Blend
$28.95M
Owner & transaction history
Trader Joes East INC · 4 yrs held
Trader Joes East INC
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$42.0M
+20.1%
Auto repair, garage
$37.1M
+6.0%
Apartment house (5+ units)
$36.9M
+5.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ft Mitchell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ft Mitchell submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$34,995,000
Current use
RETAIL STORES
$42,025,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$37,080,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$36,875,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$28.95M
Range $26.06M – $31.85M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$61 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$381,505
Tax year 2023
Assessed value
$35,788,500
Assessed 2023
Previous assessed
$35,788,500
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$11,172,000
Assessed improvement
$24,616,500
Land market value
$11,172,000
Improvement market value
$24,616,500
Total market value
$35,788,500
Applied tax rate
16.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2005
Heating
NONE
Total area
475,250 SF
Lot
37.16 ac (1,618,515 SF)
APN
015-30-00-505.00
UPID
US34-2317449
Jurisdiction
KENTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$35.0M
RETAIL STORES
Est. value
$42.0M
AUTO REPAIR, GARAGE
Est. value
$37.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$36.9M
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Lot
37.16 ac
Current owner
From public records · entity-resolved
Trader Joes East INC
Entity
Free & Clear · 4 yrs held
Mailing address
3825 EDWARDS RD STE #200, CINCINNATI, OH 45209-1288
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2024
—
Crestview Hills Town Center LLC
—
Deed
related
$3,750,000 · The Huntington National Bank
Jan 27, 2022
—
Trader Joes East INC
Crestview Hills Town Center LLC
Lease
—
Apr 5, 2019
—
Crestview Hills Town Ctr LLC
—
Loan Modification
related
$68,500,000 · Huntington Nat'l Bk
May 25, 2004
$10,000,000
Crestview Hills Town Center Ll
Crestview Mall Co LLC
Grant Deed
related
—
—
—
Crestview Hills Town Center Ll
—
Deed Of Trust
related
$68,500,000 · Huntington Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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