Property profile

2902 Foltz Dr Edgewood, KY 41017

OFF-MARKET
Office buildings
Property ID
US34-0301457
7,142 SF 1 ac lot Built 1985
Entity Owned 16-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Total area 7,142 SF
Lot 1 ac (43,347 SF)
APN 015-40-13-027.01
UPID US34-0301457

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2902 Foltz Dr Edgewood, KY 41017-2525
Edgewood metro Census 64500 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2009
5 recorded transactions
2017
Price N/A
2012
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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