Two-Story Office Building with Signage
For Sale
Contact for pricing
10 TOWN CTR BLVD, Crestview Hills, KY 41017
Two-story office building with prominent signage and direct I-275 access, zoned Community Commercial.
Property Size9,980 SF
Lot Size1.37 Acres
Price / SF$250.50
Days on Market9
Property Features for 10 TOWN CTR BLVD
General Information
Standard status
Active
Size
9,980 SF
Lot size
1.37 Acres
Property subtype
Retail, Office, Mixed Use
Zoning
Community Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Gross Income
$178,140
Building Details
Year Built
1992
Buildings
1
Stories
2
Building Size
9,980 SF
Tenancy
Multi
Listing Agency:
Ken Perry Realty
(859) 240-8229
Listed By:
M. Ryan Motz · License #2025002234
Source:
Crexi
Added: Jul 24
Changed: Jul 30
Last Checked: Jul 31 at 1:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ken Perry Realty
Investment Insights
Based on property information with market context.
This 9,980 SF two-story office building sits on 1.37 acres and is built for day-to-day workplace use. The property features prominent signage exposure, ample parking, and direct access to I-275, supporting convenient customer and employee access. The building was constructed in 1992.
The site is located along Turkeyfoot Road in Northern Kentucky and is zoned Community Commercial. The property is 100% occupied with two tenants, providing an immediately usable setup for an investor or an owner-user seeking a staffed, income-producing office building.
With its established on-site improvements and direct interstate access, the building offers a straightforward option for office space within a Community Commercial zoning district.
The site is located along Turkeyfoot Road in Northern Kentucky and is zoned Community Commercial. The property is 100% occupied with two tenants, providing an immediately usable setup for an investor or an owner-user seeking a staffed, income-producing office building.
With its established on-site improvements and direct interstate access, the building offers a straightforward option for office space within a Community Commercial zoning district.
Key Highlights
- 9,980 SF two‑story office building
- 1.37 acres along Turkeyfoot Road
- Direct access to I‑275 plus ample on‑site parking
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 | $200.0k | $20.04 |
| − Vacancy | −$26.4k | −$2.65 |
| EGI | $173.6k | $17.39 |
| − OpEx | −$43.4k | −$4.35 |
| NOI | $130.2k | $13.05 |
9,980 SF · lease $20.04/SF/yr · vacancy 13.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.86M
$1.63M – $2.17M
NOI $130,199 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.25M – $3.01M
NOI $180,349 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
Explore this area
Business Placement
Demographics for 41017, KY
40,333
Population
16,569
Households
2.4
Avg Household Size
40
Median Age
48%
College-Educated
97%
High-School Grad
21.2 sq mi
ZIP Area
1,903
Density / Sq Mi
$100,645
Median Household Income
$51,808
Median Earnings
$985
Median Rent
$278,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with prominent signage and direct I-275 access, zoned Community Commercial.
Where is this office building located?
The property is located at 10 TOWN CTR BLVD Crestview Hills, KY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 9,980 SF two‑story office building; 1.37 acres along Turkeyfoot Road; Direct access to I‑275 plus ample on‑site parking
