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    2904 Foltz Dr Edgewood, KY 41017

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    2904 Foltz Dr Edgewood, KY 41017

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    • Medical Office Space
    • 6,536 SF
    • 0.81 lot acres
    For Sale
    $1,500,000
    View Listing →
    Medical Office Building For Sale For Sale
    $1,500,000
    7,100 SF

    Medical Office Building For Sale

    Single tenant medical office building leased to Hopebridge Autism Therapy.

    2904 Foltz Dr, Edgewood, KY 41017
    View Listing
    Property ID
    US34-0212342
    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

    • Medical Office Space

    Property Details for 2904 Foltz Dr

    Year built
    1987
    Lot size
    0.81 lot acres
    Property size
    6,536 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    015-40-13-027.02
    APU
    15401302702

    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
    -84.5771
    Latitude
    39.0187
    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
    $6,556
    $234,000
    $381,000
    $615,000
    -
    $234,000
    $381,000
    $615,000

    Comparable in this City

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    • Value Estimation
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      14,093 SF

      900 Medical Vlg Dr

      MEDICAL BUILDING • 14,093 SF
      900 Medical Vlg Dr, Edgewood, KY 41017-3422
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      1st Medical Vlg Dr

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      1 Medical Vlg Dr

      MEDICAL BUILDING
      1 Medical Vlg Dr, Edgewood, KY 41017-3403
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    • Value Estimation by Request
      4,337 SF

      20 Medical Vlg Dr Ste, Unit 268

      MEDICAL BUILDING • 4,337 SF
      20 Medical Vlg Dr Ste, Edgewood, KY 41017-5411
      View Details
    • Value Estimation
      $685,000
      11,416 SF

      2616 Legends Way

      MEDICAL BUILDING • 11,416 SF
      2616 Legends Way, Crestview Hills, KY 41017-2418
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    Similar Nearby for Sale

    • $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
    • $1,100,470
      5,530 SF

      Medical Office Space For Rent

      Medical office space near St. Elizabeth Hospital with highway access.
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    • $337,000
      2,142 SF

      Crestview Hills Medical Office Condo

      2,142 SF medical office condo for sale.
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    • 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
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      2,658 SF

      Office Condo For Sale

      Office condo with 2,565 SF available for purchase.
      215 Thomas More Pkwy, Crestview Hills, KY 41017
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    • New
      $259,000
      1,404 SF

      Crestview Hills Office Condo

      1,404 SF office condo in Centre View Office Park.
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    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space For Rent

      Medical office space with high visibility near St. Elizabeth.
      330 Thomas More Pkwy, Crestview Hills, KY 41017
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      Medical Office Space Available

      Two-story medical office building with flexible space for rent.
      2900 Chancellor Dr, Crestview Hills, KY 41017
      View Details
    • $23 SF/Yr
      6,303 SF

      Medical/Office Space Near Major Routes

      Crestview Hills medical/office space with highway access.
      210 Thomas More Pkwy, Crestview Hills, KY 41017
      View Details
    • 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
    • Contact for pricing

      Attractive Office Property For Rent

      High image office property with superior signage opportunities available.
      207 Grandview Dr, Fort Mitchell, KY 41017
      View Details
    View Listing
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    Edgewood, KY 41017
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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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