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    Property profile & analytics

    4135 Alexandria Pike Cold Spring, KY 41076

    • Commercial real estate
    • 10,653 SF
    • 1.87 lot acres
    For Lease
    View listing
    Value Estimations
    $505,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-2325588
    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

    • Perry Real Estate College / Real Estate School
    • Law Office of Joshua M. Bilz / Attorney
    • McKinlee Miller Real Estate / Real Estate Agent
    • Bonnie Louis, Realtor® in Bellevue, KY / Real Estate Agency
    • Schneider's Auction Service / Auction House

    Property Details for 4135 Alexandria Pike

    Year built
    2008
    Lot size
    1.87 lot acres
    Property size
    10,653 SF
    Property type
    Commercial real estate
    APN
    999-99-19-666.00
    APU
    999991966600

    Description

    This exceptional Class A retail property, Ken Perry Realty Plaza, located at 4135 Alexandria Pike in Cold Spring, Kentucky, offers 20,004 square feet of prime retail space in a thriving commercial hub. The single, two-story building, constructed in 2008, features 16 suites, with two spaces currently available, ranging from 1,000 to 1,250 square feet. Each space is easily divisible to a minimum of 1,000 contiguous square feet, making it ideal for a variety of businesses. The property boasts ample on-site parking with 65 spaces, ensuring convenient access for customers and employees. The building is situated on a 1.74-acre lot with 330 feet of frontage along Alexandria Pike, providing excellent visibility and accessibility. The property benefits from three-phase power and is zoned for commercial use. Located in Campbell County (zip code 41076), this retail center is part of an established retail corridor, surrounded by national brands such as Lowe's, Home Depot, Staples, Meijer, Kohl's, and two Kroger locations. The surrounding community demonstrates strong economic indicators, with an average household income exceeding $88,000 within a 15-minute radius, and an annual spending total of $2 billion in the same area. Annual common area maintenance costs are estimated at $3.15 per square foot. This turnkey space is perfect for professional service firms, medical practices, and retailers seeking a high-traffic location in a prosperous community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $505,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cold Spring
    County
    Campbell
    State
    Kentucky
    Longitude
    -84.438
    Latitude
    39.0208
    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
    $25,290
    $330,000
    $1,777,500
    $2,107,500
    -
    $330,000
    $1,777,500
    $2,107,500

    Comparable in this City

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      Aa Hwy

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      3917 Alexandria Pike

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      Alexandria Pike

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      4022 Alexandria Pike

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      0.00 Acres

      Alexandria Pike

      COMMERCIAL (GENERAL) • 0.00 Acres
      Alexandria Pike, Newport, KY 41076
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    Similar Nearby for Lease

    • $15 SF/Yr
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      Ken Perry Realty Plaza Retail Space

      Class A retail space, Cold Spring, KY
      4135 Alexandria Pike, Cold Spring, KY 41076
      View Details
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      4,000 SF

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      Kentucky Medical Office Suites Available
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      Neighborhood retail center with high visibility and traffic counts.
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      View Details
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    Cold Spring, KY 41076
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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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