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    Crestview Hills Office Condo Title is generated by Realmo AI

    559 Centre View Boulevard, Crestview Hills, KY 41017

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    Claim this Listing
    For Sale
    $264,800

    COMMERCIAL - Crestview Hills, KY

    Type:Office
    Property size:
    1,406 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $188/SF
    Added:
    Oct 8, 2025
    Days on Market:
    243
    Last Refresh:
    Jun 7 at 10:06 pm

    Property Features for 559 Centre View Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Parking features
    Parking Lot
    Exterior features
    Curbs, Sidewalks
    Standard status
    Active
    APN
    829-10-00-559.00
    Size
    1,406 SF
    Lot size
    0.03 Acres

    Utilities

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

    Building Details

    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Caldwell Group

    Listing agent Caldwell Group

    Listing office eXp Realty, LLC 2110 Chamber Center Dr., Ashland, KY

    Listing date Oct 8, 2025

    MLS# 636970

    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.

    HighLights

    • Ideal for medical, wellness, or general office use.
    • Convenient location minutes from I‑275 and Crestview Hills Town Center.
    • Flexible layout with private and open space.
    • Ample parking.
    • 2 ADA restrooms.
    • Washer/dryer hook‑ups.

    Overview

    Available for sale or lease, this ground floor office condo offers a functional layout suitable for medical, wellness, or general office use. The property is located in the Centre View Office Park, minutes from I-275 and the Crestview Hills Town Center. The space provides convenience and ample parking. The layout is flexible, with both private and open space. It includes 2 ADA restrooms and washer/dryer hook-ups. The property is located in Crestview Hills, Kenton County, Kentucky and has a size of 1406 square feet and a lot size of 0.03 acres.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $28.2k $20.04
    − Vacancy −$3.7k −$2.65
    EGI $24.5k $17.39
    − OpEx −$6.1k −$4.35
    NOI $18.3k $13.05
    1,406 SF · lease $20.04/SF/yr · vacancy 13.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $262.0K
    $229.3K – $305.7K (±1% cap)
    NOI $18,343 @ 7.0% cap · market cap 6.93%
    Second Best
    Healthcare Medical
    $70.8K
    $62.0K – $82.7K (±1% cap)
    NOI $4,959 @ 7.0% cap · market cap 1.87%
    Theoretical Best
    Office A
    $363.0K
    $317.6K – $423.5K (±1% cap)
    NOI $25,408 @ 7.0% cap · market cap 9.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Crestview Hills
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.559672
    Latitude
    39.020901

    Nearby Similar for Sale

    • $259,000
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      Crestview Hills Office Condo

      1,404 SF office condo in Centre View Office Park.
      553 Centre View Boulevard, Crestview Hills, KY 41017
      View Details
    • $1,100,470
      5,530 SF

      Medical Office Space For Rent

      Medical office space near St. Elizabeth Hospital with highway access.
      2701 Chancellor Dr, Crestview Hills, KY
      View Details
    • $337,000
      2,142 SF

      Crestview Hills Medical Office Condo

      2,142 SF medical office condo for sale.
      2865 Chancellor Dr, Crestview Hills, KY
      View Details
    • $229,900
      2,658 SF

      Office Condo For Sale

      Office condo with 2,565 SF available for purchase.
      215 Thomas More Pkwy, Crestview Hills, KY
      View Details
    • $489,000
      2,500 SF

      Crestview Hills Office Space

      2,500 SF office space in Crestview Hills, Kentucky.
      545-567 Centre View Blvd, Crestview Hills, KY
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Ground floor office condo suitable for medical or general office use.
    Where is this medical office space located?
    The property is located at 559 Centre View Boulevard Crestview Hills, KY.
    What is the asking price?
    The asking price for this property is $264,800.
    What are key features of this property?
    This property features: Ideal for medical, wellness, or general office use.; Convenient location minutes from I‑275 and Crestview Hills Town Center.; Flexible layout with private and open space.
    (859) 780-5511
    We can help!
    Listing Contact
    Caldwell Group
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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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