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    Property profile & analytics

    3339 Madison Pike Ft Wright, KY 41017-8153

    • Specialty properties
    • 14,682 SF
    • 2.15 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0264285
    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.

    Current Use by Public Records

    • Noah's Ark Animal Clinic of Ft. Wright / Animal Hospital / Cremation Service

    Property Details for 3339 Madison Pike

    Year built
    1999
    Lot size
    2.15 lot acres
    Property size
    14,682 SF
    Property type
    Specialty properties
    APN
    042-40-00-078.01
    APU
    42400007801

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ft Wright
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5278
    Latitude
    39.0389
    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
    $17,184
    $430,000
    $1,182,000
    $1,612,000
    -
    $430,000
    $1,182,000
    $1,612,000

    Comparable in this City

    • Value Estimation
      $260,000
      7,300 SF

      3312 Madison Pike

      FUNERAL HOME • 7,300 SF
      3312 Madison Pike, Ft Wright, KY 41017-8114
      View Details
    • Value Estimation
      $285,000
      3,455 SF

      2521 Ritchie St

      VETERINARY, ANIMAL HOSPITAL • 3,455 SF
      2521 Ritchie St, Crescent Springs, KY 41017-1609
      View Details
    • Value Estimation
      $450,000
      2,780 SF

      2431 Dixie Hwy

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,780 SF
      2431 Dixie Hwy, Ft Mitchell, KY 41017-2660
      View Details
    • Value Estimation
      $295,000
      1,944 SF

      4147 Madison Pikeaa

      VETERINARY, ANIMAL HOSPITAL • 1,944 SF
      4147 Madison Pikeaa, Covington, KY 41017-9598
      View Details
    • Value Estimation
      $290,000
      3,752 SF

      805 Buttermilk Pike

      DAY CARE, PRE-SCHOOL • 3,752 SF
      805 Buttermilk Pike, Crescent Springs, KY 41017-1374
      View Details
    • Value Estimation
      $285,000
      1.14 Acres

      205 Grandview Dr

      DAY CARE, PRE-SCHOOL • 1.14 Acres
      205 Grandview Dr, Ft Mitchell, KY 41017-2701
      View Details

    Similar Nearby for Sale

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      Upgraded Condo in Tuscany

      Two-bedroom, two-bath condo built in 2022 with community amenities.
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      Move-in Ready Condo in Covington

      Condo with updated flooring, stainless appliances, and community amenities.
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      1,727 SF

      Updated Townhome in Lookout Farm

      Charming, updated 3-bedroom townhome with modern amenities and community features.
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    • $1,200,000

      Land Near I-275, Ft Wright

      Commercial land for sale near I-275 in Ft. Wright.
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    • $1,375,000
      17,923 SF

      Edgewood Office Building For Sale

      Office building in desirable Northern Kentucky suburb, close to amenities.
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      7,100 SF

      Medical Office Building For Sale

      Single tenant medical office building leased to Hopebridge Autism Therapy.
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    Similar Nearby for Lease

    • Contact for pricing
      290,033 SF

      Buttermilk Towne Center Retail Space

      Prime Crescent Springs Retail Opportunity
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      View Details
    • $20 SF/Yr
      1,607 SF

      Retail Suites in High-Traffic Center

      Retail suites available in a highly trafficked shopping center.
      2301-2341 Buttermilk Xing, Crescent Springs, KY 41017
      View Details
    • $14 SF/Yr
      6,947 SF

      Medical/Office Space Near Major Routes

      Crestview Hills medical/office space with highway access.
      210 Thomas More Pkwy, Crestview Hills, KY 41017
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    • $16 SF/Yr
      3,196 SF

      Crestview Hills Office Space

      Office spaces in a corporate campus setting near amenities.
      350 Thomas More Pkwy, Crestview Hills, KY 41017
      View Details
    • $4 SF/Yr
      51,362 SF

      Professional Office Suites For Rent

      Flexible office suites in Crestview Hills with tenant improvement allowance.
      2670 Chancellor Dr, Crestview Hills, KY 41017
      View Details
    • $12 SF/Yr
      2,400 SF

      Recently Renovated Office Space

      Recently renovated office space, approximately 2,400 square feet each.
      921 Dudley Pike, Edgewood, KY 41017
      View Details
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    3339 Madison Pike
    Ft Wright, KY 41017-8153
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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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