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    3152 Cres Ave Erlanger, KY 41018-1367
    Property profile & analytics

    3152 Cres Ave, Erlanger, KY 41018-1367

    View on Map
    • Warehouses
    • 5,930 SF
    • 1.11 lot acres
    Off-Market
    Property ID
    US34-0224606
    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

    • Warehouses

    Property Details for 3152 Cres Ave

    Year built
    1958
    Lot size
    1.11 lot acres
    Property type
    Warehouses
    APN
    015-10-12-043.00
    APU
    15101204300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 10, 2021 — Tbmg Group LLC — Deed · related $680k · Heritage Southeast Bank
    Dec 15, 2014 $300,000 Tbmg Group LLC H & Z Holdings LLC Grant Deed $240k · Heritage Bk
    Dec 20, 2013 — H & Z Holdings LLC — Trustees Deed · related $650k · North Side Bank & Trust
    Feb 5, 2013 $275,000 H & Z Holdings LLC Beckett,david S Warranty Deed · related $54k · Heritage Bank

    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
    Erlanger
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5957
    Latitude
    39.0229
    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
    $3,897
    $110,000
    $190,000
    $300,000
    -
    $110,000
    $190,000
    $300,000

    Comparable in this City

    • Value Estimation
      $635,000
      5.05 Acres

      225 Gap Way

      WAREHOUSE, STORAGE
      225 Gap Way, Erlanger, KY 41018-3130
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    • Value Estimation
      $875,000
      14.85 Acres

      4315 Olympic Blvd

      MINI-WAREHOUSE, STORAGE
      4315 Olympic Blvd, Erlanger, KY 41018-3144
      View Details
    • Value Estimation
      $675,000
      2.71 Acres

      1462 Donaldson Hwy

      MINI-WAREHOUSE, STORAGE
      1462 Donaldson Hwy, Erlanger, KY 41018-1019
      View Details
    • Value Estimation
      $7,730,000
      91,300 SF

      3900 Olympic Blvd

      MINI-WAREHOUSE, STORAGE
      3900 Olympic Blvd, Erlanger, KY 41018-3504
      View Details
    • Value Estimation
      $3,810,000
      4.04 Acres

      1257 Cox Ave

      MINI-WAREHOUSE, STORAGE
      1257 Cox Ave, Erlanger, KY 41018-1003
      View Details
    • Value Estimation by Request
      3,200 SF

      1125 Edwards Rd

      WAREHOUSE, STORAGE
      1125 Edwards Rd, Elsmere, KY 41018-1948
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,620 SF

      Erlanger Warehouse with Highway Frontage

      Warehouse in Erlanger near I-71/I-75 and I-275.
      635 Viox Dr, Erlanger, KY 41018
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      80,625 SF

      Erlanger Warehouse Near Airport

      Erlanger warehouse with secure outdoor storage near CVG Airport.
      1499 Jamike Ave, Erlanger, KY 41018
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    • $3,250,000
      24,587 SF

      Erlanger Industrial Building For Sale

      24,587 SF industrial building with expansion potential.
      1211 Cox Ave, Erlanger, KY 41018
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    • Contact for pricing
      10,500 SF

      Retail Investment Opportunity in Erlanger

      10,500 SF retail space in Kenton County area.
      3152-1/2 Dixie Hwy, Erlanger, KY 41018
      View Details
    • Contact for pricing

      Boone County Land Opportunity

      Land sites with highway visibility near CVG Airport.
      3990 Olympic Blvd, Erlanger, KY 41018
      View Details
    • Contact for pricing

      Land Parcels Near CVG Airport

      Multiple land sites available near Cincinnati Airport and I-275.
      3363 Mineola Pike, Erlanger, KY 41018
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,600 SF

      Erlanger Warehouse Space Available

      6,600 SF warehouse space with modern features for lease.
      1325 Donaldson Hwy, Erlanger, KY 41018
      View Details
    • Contact for pricing
      38,619 SF

      Erlanger Warehouse Space Available

      Renovated warehouse space with convenient access to major transportation routes.
      3300 Turfway Rd, Erlanger, KY 41018
      View Details
    • Contact for pricing
      48,768 SF

      Industrial Warehouse Near Airport

      Industrial warehouse ideal for local and regional distribution.
      4620 Olympic Blvd, Erlanger, KY 41018
      View Details
    • Contact for pricing

      Insulated Pre-Engineered Warehouse

      Fully insulated warehouse with office space, extensive parking, and outdoor storage for tenants needing flexible industrial capacity.
      1499 Jamike Ave, Erlanger, KY 41018
      View Details
    • Contact for pricing
      8,591 SF

      Erlanger Warehouse Space Available

      4,465 SF warehouse space with office potential near airport.
      1487 Jamike Ave, Erlanger, KY 41018
      View Details
    • Contact for pricing
      1,140 SF

      Retail Space in Kroger Anchored Center

      Retail space available in well-maintained, Kroger anchored shopping center.
      3180-3194 Dixie Hwy, Erlanger, KY 41018
      View Details
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    Erlanger, KY 41018-1367
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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.

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