Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3955 Alexandria Pike Cold Spring, KY 41076-2027
    Back to Search
    Property profile & analytics

    3955 Alexandria Pike, Cold Spring, KY 41076-2027

    View on Map
    • Commercial real estate
    • 58,100 SF
    • 5.21 lot acres
    Off-Market
    Last Sale Apr 17, 2020
    $1,600,000
    Property ID
    US34-0092137
    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
    $1,925,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 3955 Alexandria Pike

    Year built
    1988
    Lot size
    5.21 lot acres
    Property type
    Commercial real estate
    APN
    999-99-19-541.00
    APU
    999991954100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 17, 2020 $1,600,000 Cold Spring Suites LLC 3955 Alexandria Pike LLC Warranty Deed $1.3M · 1st National Bank
    Apr 15, 2009 $1,175,000 3955 Alexandria Pike LLC Aslanides,george R & Cynthia A Warranty Deed —

    Description

    This exceptional 20,000-square-foot commercial property, located at 3955 Alexandria Pike in Cold Spring, Kentucky, presents a unique investment opportunity. The single-story, Class B building, constructed in 1988 and renovated in 2012, offers a variety of office spaces suitable for traditional, executive, co-working, or creative businesses. Currently, 4,000 square feet of space is available for lease within this multi-tenant building, which features a total of five suites. The property boasts excellent visibility and accessibility, situated on 5.21 acres of land with 105 parking spaces. Its prime location along Alexandria Pike, a high-traffic thoroughfare with over 33,000 vehicles passing daily, ensures significant exposure. The building's convenient proximity to Northern Kentucky University (NKU), Interstates 275 and 471, and Downtown Cincinnati enhances its appeal. The property is zoned commercial and is situated within the Cold Spring submarket of Campbell County, Kentucky, zip code 41076. Annual property taxes are $1.27 per square foot. This turnkey space is ideal for a range of businesses seeking a well-maintained and strategically located office environment. The brick building offers a professional and inviting atmosphere.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,260,000
      ML approach
      $2,240,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cold Spring
    County
    Campbell
    State
    Kentucky
    Longitude
    -84.4417
    Latitude
    39.0245
    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
    $25,200
    $400,000
    $1,700,000
    $2,100,000
    -
    $400,000
    $1,700,000
    $2,100,000

    Comparable in this City

    • Value Estimation by Request
      13.25 Acres

      130 Murnan Rd

      COMMERCIAL (GENERAL)
      130 Murnan Rd, Cold Spring, KY 41076-9058
      View Details
    • Value Estimation by Request
      0.06 Acres

      Steffen Ln

      COMMERCIAL (GENERAL)
      Steffen Ln, Newport, KY 41076
      View Details
    • Value Estimation by Request
      0.07 Acres

      Sunset Dr

      COMMERCIAL (GENERAL)
      Sunset Dr, Newport, KY 41076
      View Details
    • Value Estimation by Request
      1.58 Acres

      5901-5917 Granite Spg Dr

      COMMERCIAL (GENERAL)
      5901-5917 Granite Spg Dr, Cold Spring, KY 41076
      View Details
    • Value Estimation by Request
      0.76 Acres

      5801 Granite Spg Dr

      COMMERCIAL (GENERAL)
      5801 Granite Spg Dr, Cold Sprgs Highland Hts, KY 41076
      View Details
    • Value Estimation by Request
      0.16 Acres

      5800 Granite Spg Dr

      COMMERCIAL (GENERAL)
      5800 Granite Spg Dr, Cold Sprgs Highland Hts, KY 41076-7100
      View Details

    Similar Nearby for Sale

    • $1,600,000

      Versatile Commercial Building in Wilder

      3,087 SF building on 8.3 acres in Wilder, KY.
      1137 Steffen Ln, Wilder, KY 41076
      View Details
    • Contact for pricing

      Industrial Land Near Licking River

      Industrial land for sale with highway visibility and city incentives.
      207 Vine St, Wilder, KY 41076
      View Details
    • Contact for pricing

      9.8 Acre Zoned I-P Parcel

      9.8 acre parcel zoned I-P, located off Wilder exit.
      940 Licking Pike, Wilder, KY 41076
      View Details
    • Contact for pricing
      3,500 SF

      Restaurant with Drive-Thru and Patio

      Restaurant with drive-thru, patio, and significant recent renovations.
      300 Cross Roads Blvd, Newport, KY 41076
      View Details
    • Contact for pricing
      12,469 SF

      Bowling Center with Fitness Center

      Well-maintained bowling center with bar, pro shop, and fitness center.
      2443 Alexandria Pike, Highland Heights, KY 41076
      View Details
    • Contact for pricing

      Land Adjacent to Licking River

      Commercial land with easy highway access and river proximity.
      207 Vine St, Wilder, KY 41076
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Retail Space Available

      Retail space in a busy hub with high disposable income.
      4135 Alexandria Pike, Cold Spring, KY 41076
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in New Development

      Retail space and land available in Cold Spring, Kentucky.
      3725 Alexandria Pike, Cold Spring, KY 41076
      View Details
    • Contact for pricing

      52 Acre Regional Retail Development

      Regional retail development anchored by Publix, Marshalls, & Hobby Lobby.
      5315 Alexandria Pike, Cold Spring, KY 41076
      View Details
    • Contact for pricing
      12,500 SF

      Prime Build-to-Suit Commercial Lot

      High-traffic location, ideal for retail, medical, or office development.
      2412 Alexandria Pike, Highland Heights, KY 41076
      View Details
    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      5400 Alexandria Pike, Cold Spring, KY 41076
      View Details
    • Contact for pricing
      1,680 SF

      Retail Space in Cold Spring

      Neighborhood retail center with high visibility and traffic counts.
      180-220 Plaza Dr, Cold Spring, KY 41076
      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.
    3955 Alexandria Pike
    Cold Spring, KY 41076-2027
    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

    Thank You for Inquiry
    3955 Alexandria Pike, Cold Spring, KY, 41076
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!