Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2902 Foltz Dr Edgewood, KY 41017-2525

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2902 Foltz Dr Edgewood, KY 41017-2525

    View on Map
    • Office buildings
    • 7,142 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US34-0301457
    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

    • Office buildings

    Property Details for 2902 Foltz Dr

    Year built
    1985
    Lot size
    1.00 lot acres
    Property size
    7,142 SF
    Property type
    Office buildings
    APN
    015-40-13-027.01
    APU
    15401302701

    Description

    This exceptional 7,279 square foot medical office building, located at 2902 Foltz Drive in Edgewood, Kentucky, presents a compelling investment opportunity. Built in 1988, the single-story Class B property is situated on a convenient lot with approximately 29 surface parking spaces. The asking price is $1,300,000, translating to $178.60 per square foot. The property boasts a prime location, offering easy access to major transportation arteries. It's just three minutes from I-275 and a short 16-minute drive (6.4 miles) to the Cincinnati/Northern Kentucky International Airport. Its central location within Northern Kentucky makes it highly accessible to a wide patient base. The building is in pristine condition and benefits from its proximity to numerous amenities, including St. Elizabeth Hospital, Thomas More University, and Crestview Hills Town Center. The property is zoned PO and is currently offered for sale by owner. This presents a rare chance to acquire a well-maintained, strategically located medical office building in a thriving Kentucky market. The building's size, parking availability, and convenient location make it an ideal asset for medical professionals or investors seeking a strong return.

    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
    Edgewood
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5767
    Latitude
    39.019
    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
    $6,076
    $300,000
    $270,000
    $570,000
    -
    $300,000
    $270,000
    $570,000

    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
      1,707 SF

      2519 Ritchie St

      OFFICE BUILDING • 1,707 SF
      2519 Ritchie St, Crescent Springs, KY 41017-1609
      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

    • $1,100,470
      5,530 SF

      Medical Office Space For Rent

      Medical office space near St. Elizabeth Hospital with highway access.
      2701 Chancellor Dr, Crestview Hills, KY 41017
      View Details
    • Contact for pricing
      2,658 SF

      Office Condo For Sale

      Office condo with 2,565 SF available for purchase.
      215 Thomas More Pkwy, Crestview Hills, KY 41017
      View Details
    • $337,000
      2,142 SF

      Crestview Hills Medical Office Condo

      2,142 SF medical office condo for sale.
      2865 Chancellor Dr, Crestview Hills, KY 41017
      View Details
    • New
      $259,000
      1,404 SF

      Crestview Hills Office Condo

      1,404 SF office condo in Centre View Office Park.
      553 Centre View Blvd, Crestview Hills, 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
    • New
      $264,800
      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

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office in Crestview

      Class A office facility in the heart of Crestview Hills.
      2670 Chancellor Dr, Crestview Hills, 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
    • $13 SF/Yr
      7,806 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
      22,698 SF

      Crestview Hills Office Space

      Office building in Crestview Hills, Kentucky with 22,698 SF.
      740 Centre View Blvd, Crestview Hills, KY 41017
      View Details
    • Contact for pricing

      Medical Office Space Available

      Two-story medical office building with flexible space for rent.
      2900 Chancellor Dr, Crestview Hills, KY 41017
      View Details
    • Contact for pricing

      Corporate Campus Office Space

      Office space in corporate campus setting with high visibility.
      340 Thomas More Pkwy, Crestview Hills, KY 41017
      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.
    2902 Foltz Dr
    Edgewood, KY 41017-2525
    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!