Property profile

600 Rodeo Dr Erlanger, KY 41018

FOR SALE
Commercial real estate
Property ID
US34-0670085
50,391 SF 4.01 ac lot Built 2012
Individually Owned 4-yr Hold Free & Clear
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For Sale
Contact for pricing 50,391 SF
600 Rodeo Dr, Erlanger, KY 41018
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Property summary

AI-generated overview

This exceptional Erlanger, KY property at 600 Rodeo Dr offers a diverse range of office and industrial spaces, perfect for various business needs. The single, two-story building, constructed in 2012, boasts a total of 50,391 square feet, situated on a generous 4.01-acre lot. The property is classified as Class B and features multiple tenancies, providing flexibility for businesses of all sizes. Available spaces range from a minimum of 3,751 square feet to a maximum contiguous space of 5,600 square feet, with 9,351 square feet currently vacant. The building offers a variety of subtypes including traditional office, executive office, medical office, warehouse, and flex space, catering to a wide spectrum of operational requirements. Ceiling heights range from 11 to 14 feet, providing ample vertical space. Convenient amenities include elevators. Located in the CIN - Central Northern Kentucky submarket of Kenton County, this property provides easy access to major transportation routes and a thriving business community. The property's versatility, ample space, and prime location make it an ideal investment opportunity for businesses seeking a functional and strategically positioned workspace in Erlanger, Kentucky. The zip code is 41018.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2012
Total area 50,391 SF
Lot 4.01 ac (174,676 SF)
APN 003-10-04-005.00
UPID US34-0670085

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

600 Rodeo Dr Erlanger, KY 41018
Erlanger metro Census 67200 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.63M
Blend (final) Blend
$5.68M

Owner & transaction history

since 2022
Last sale
$21,150
1 recorded transaction
2022
$21,150

Zoning & alternative use

Top alternative use upside
Restaurant $6.6M +76.3%
Office building $6.3M +67.5%
Retail stores $4.4M +17.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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