Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    321 Mount Zion Rd Florence, KY 41042

    View on Map
    Sponsored
    For Lease
    $5,000 /Mo ($1.38 SF/Yr)

    COMMERCIAL - Florence, KY

    Type:Retail
    Property size:
    1,240 SF
    Lot size:
    1.00 Acre
    Days on Market:
    1
    Last Refresh:
    Mar 5 at 12:06 pm

    Property Features for 321 Mount Zion Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Window features
    Aluminum Frames
    APN
    074.00-14-001.00
    Parking features
    Assigned, Parking Lot
    Interior features
    Drive In Door
    Exterior features
    Lighting, Curbs, Sidewalks
    Size
    1,240 SF
    Lot size
    1.00 Acre

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1996
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block, Concrete
    Roof type
    Membrane

    We can help!

    Listing Contact
    Brian Davis
    Brian Davis

    Copperwood Realty Group LLC (859) 512-2969

    Listing agent Brian Davis (859) 331-2333 License #266565

    Listing date Mar 5, 2026

    MLS# 640326

    Copyright © 2026 Northern Kentucky MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turn-key Restaurant with Drive-Thru

    This 1,240 square foot restaurant space is available for lease at 321 Mt. Zion Road in Florence, Kentucky. It is fully equipped and suited for quick-service restaurant operators seeking a high-visibility location in a busy commercial corridor of Northern Kentucky. The property benefits from strong traffic counts, frontage, and access to I-71/I-75. Features include an existing drive-thru lane, dedicated parking, signage opportunities, and a functional layout designed for efficient food service operations. The property is surrounded by national retailers, residential areas, and established dining destinations. This is a plug-and-play opportunity for new or expanding concepts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rally's Restaurant Marathon Gas Gas Station Mara Foodmart Grocery & Convenience Store Western Union Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Boone
    State
    Kentucky
    Longitude
    -84.627228
    Latitude
    38.955707

    Nearby Similar for Lease

    • New
      $1,300 /Mo
      950 SF

      Updated Office Space in Florence

      First-floor office unit with flexible layout and recent updates.
      6900 Houston Rd, Florence, KY 41042
      View Details
    • $1,395 /Mo
      Pending

      Office Space in Florence, KY

      950 SF office suite with kitchenette and waiting area.
      6900 Houston Rd, Florence, KY 41042
      View Details
    • $495 /Mo
      13,068 SF

      Move-in Ready Office Space Available

      Highly visible office space with shared conference room in Florence.
      7628 Dixie Hwy, Florence, KY 41042
      View Details
    • $495 /Mo

      Move-in Ready Office Space

      Highly visible office space with shared conference room in Florence.
      7628 Dixie Hwy, Florence, KY 41042
      View Details
    • $395 /Mo

      Move-in Ready Office Space

      Highly visible office space with shared conference room in Florence.
      7628 Dixie Hwy, Florence, KY 41042
      View Details
    • $4,200 /Mo
      3,240 SF

      Versatile Commercial Space in Florence

      Adaptable 3240 sq ft space suitable for various businesses.
      10020 Demia Way, Florence, KY 41042
      View Details
    • $15 SF/Yr
      79,279 SF

      Class A Office Space

      Professional office space available for immediate occupancy in Florence, KY.
      59 Cavalier Blvd, Florence, KY 41042
      View Details
    • $1,550 /Mo
      82,764 SF

      Renovated Office Suites Available

      Small office suites for rent with utilities included.
      7505 Sussex Dr, Florence, KY 41042
      View Details
    • $1,325 /Mo
      82,764 SF

      Renovated Office Suites Available

      Small office suites for rent with utilities included.
      7505 Sussex Dr, Florence, KY 41042
      View Details
    • $1,550 /Mo
      82,764 SF

      Renovated Office Suites Available

      Small office suites for rent with utilities included.
      7505 Sussex Dr, Florence, KY 41042
      View Details
    • $1,500 /Mo
      82,764 SF

      Renovated Office Suites in Florence

      Small office suites available for rent with utilities included.
      7505 Sussex Dr, Florence, KY 41042
      View Details
    • $2,300 /Mo
      82,764 SF

      Renovated Office Suites in Florence

      Small office suites available for rent with utilities included.
      7505 Sussex Dr, Florence, KY 41042
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Equipped restaurant space with drive-thru in high-traffic area.
    Where is this drive through restaurant located?
    The property is located at 321 Mount Zion Rd Florence, KY.
    What is the lease rate?
    The lease rate is $1.38 SF/Yr.
    What are key features of this property?
    This property features: - Turn-key, fully equipped restaurant space ready for immediate operation.; - Existing drive-thru lane for increased customer convenience and sales potential.; - High-visibility location on Mt. Zion Road, a busy commercial corridor in Florence, KY.
    (859) 466-8351
    Request Owner's contact information
    321 Mount Zion Rd Florence, KY 41042
    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.
    321 Mount Zion Rd
    Florence, KY 41042
    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
    321 Mount Zion Rd Florence, KY 41042
    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

    We can help!
    Listing Contact
    Brian Davis
    Brian Davis
    Real Estate License ID: 266565
    (859) 466-8351 (859) 331-2333
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!