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    7540 Alexandria Pike Alexandria, KY 41001
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    7540 Alexandria Pike, Alexandria, KY 41001

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    • Retail properties & Spaces
    • 0.37 lot acres
    For Sale
    $550,000
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    Alexandria Pike Retail Opportunity For Sale
    $550,000

    Alexandria Pike Retail Opportunity

    High-traffic retail lot, prime location.

    Grants Lick, KY 41001
    View Listing
    Property ID
    US34-0065305
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 7540 Alexandria Pike

    Year built
    1953
    Lot size
    0.37 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional 0.37-acre commercial lot, located at 7540 Alexandria Pike Unit 7540 in Alexandria, Kentucky, presents a remarkable investment opportunity. Boasting prominent frontage on Highway 27, this property offers unparalleled visibility and accessibility for a diverse range of retail businesses. The expansive lot provides ample space for development, catering to various commercial uses. The property's strategic location within the rapidly growing Alexandria area ensures significant potential for future appreciation. This is an ideal site for entrepreneurs seeking to establish a thriving business in a high-demand market. While the property's versatility allows for numerous possibilities, prospective buyers should be aware that any intended use will require approval from the local Planning and Zoning department. This ensures responsible development and aligns with the community's growth strategy. The asking price for this exceptional property is $550,000. Don't miss this chance to secure a prime piece of commercial real estate in a thriving Kentucky market. Act quickly, as opportunities like this are rare.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Campbell
    State
    Kentucky
    Longitude
    -84.39458
    Latitude
    38.98107

    Comparable in this City

    • Contact for pricing

      Retail Property for Sale

      Retail property available for sale in Alexandria, Kentucky.
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    • $950,000
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      Former Bank on Large Lot

      Freestanding bank building with drive-thru on a large lot.
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      Development Opportunity on Alexandria Pike

      Commercial land for development in high-traffic area.
      7000 Alexandria Pike, Alexandria, KY 41001
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    • $20,000,000

      Prime Land for Commercial Development

      63 acres of land ideal for commercial development.
      7562 Alexandria Pike, Alexandria, KY 41001
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    Similar Nearby for Sale

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      Retail Property for Sale

      Retail property available for sale in Alexandria, Kentucky.
      10242 S Licking Pike, Alexandria, KY 41001
      View Details
    • $950,000
      Pending

      Former Bank on Large Lot

      Freestanding bank building with drive-thru on a large lot.
      8210 E Main St, Alexandria, KY 41001
      View Details
    • $500,000

      Development Opportunity on Alexandria Pike

      Commercial land for development in high-traffic area.
      7000 Alexandria Pike, Alexandria, KY 41001
      View Details
    • $20,000,000

      Prime Land for Commercial Development

      63 acres of land ideal for commercial development.
      7562 Alexandria Pike, Alexandria, KY 41001
      View Details

    Similar Nearby for Lease

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      Adaptable Flex Space For Lease

      4,875 sq ft flex space near US 27.
      11 Viewpoint Dr, Alexandria, KY 41001
      View Details
    • Contact for pricing
      2,380 SF

      Retail Space in Walmart Shadow

      Retail space available in a Walmart shadow center.
      6805-7115 Alexandria Pike, Alexandria, KY 41001
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    View Listing
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    Alexandria, KY 41001
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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.

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