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Property profile & analytics
FOR LEASE
Office buildings
467 Erlanger Rd Erlanger, KY 41018
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US34-2289234
For Lease
1 / 34
Contact for pricing
467 Erlanger Rd, Erlanger, KY 41018
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Property summary
AI-generated overview
This exceptional two-story office building, situated at 467 Erlanger Road, Erlanger, KY 41018, at the corner of Erlanger Road and Baker Street, offers a variety of flexible office spaces to suit diverse business needs. The 5,700 square foot building, constructed in 1997, features 14 suites ranging from a minimum of 267 square feet to a maximum contiguous space of 5,700 square feet. The building sits on a 0.35-acre lot and includes 10 parking spaces. Currently, three different sizes and styles of private office suites are available. The first floor boasts six office suites, five of which include private bathrooms. The second floor offers eight suites, each with its own private bathroom. Shared amenities include a convenient conference room, a welcoming lobby, and a fully equipped kitchen. This mixed-use zoned property (APN: 003-30-11-002.01, Kenton County) benefits from three-phase power. Utilities are included, with tenants responsible only for internet and/or phone services. There are no CAM charges. This renovated building presents a fantastic opportunity for businesses seeking a well-maintained and conveniently located office space in the heart of Erlanger.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Total area
5,987 SF
Lot
0.37 ac (15,973 SF)
APN
003-30-11-002.01
UPID
US34-2289234
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$731k
Blend (final)
Blend
$720k
Owner & transaction history
Erlanger 467 LLC · 18 yrs held
Erlanger 467 LLC
since 2007
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$790,000
+7.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Erlanger submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Erlanger submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$735,000
Current use
RESTAURANT
$790,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$720k
Range $648k – $792k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$120 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,450
Tax year 2023
Assessed value
$573,500
Assessed 2023
Previous assessed
$543,000
+5.6% YoY
Effective rate
1.30%
On assessed value
Assessed land
$88,500
Assessed improvement
$485,000
Land market value
$88,500
Improvement market value
$485,000
Total market value
$573,500
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1997
Heating
NONE
Total area
5,987 SF
Lot
0.37 ac (15,973 SF)
APN
003-30-11-002.01
UPID
US34-2289234
Jurisdiction
KENTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$735,000
RESTAURANT
Est. value
$790,000
OFFICE BUILDING Current
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Lot
0.37 ac
Current owner
From public records · entity-resolved
Erlanger 467 LLC
Entity
Mailing address
467 ERLANGER RD, ERLANGER, KY 41018-1496
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2007
$434,000
Erlanger 467 LLC
Management-ssk LLC
Warranty Deed
$450,000 · Standard Insurance Co
Nov 17, 2006
$184,500
Mary M Hemmer
Kfmd LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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