Building Details

Year Built 1992

Year Renovated 2021

Buildings 1

Stories 2

Units 2

Tenancy Multi

Building Size 9,980 SF

Listing Agency: Ken Perry Realty

Listed By: Ken Perry · License #KY 39866 Show Phone

Source: Crexi

Added: Jul 24 Changed: Oct 29 Last Checked: Nov 3 at 5:26AM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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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.

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

Estimated NOI and Cap Rate

NOI / Yr

$130,199

Cap Rate

5.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,603,980 $2.6M

Cap Rate 7%

$1,859,986 $1.9M

Cap Rate 9%

$1,446,656 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,980 SF

Gross rent

$200.0K $20.04/SF

− Vacancy

−$26.4K −$2.65/SF

EGI

$173.6K $17.39/SF

− OpEx

−$43.4K −$4.35/SF

NOI

$130.2K $13.05/SF

Area

Kenton County, KY

Vacancy

13.20%

Lease Rate

$20.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,603,980

Cap Rate 7%

$1,859,986

Cap Rate 9%

$1,446,656

Alternative Uses

Best Use

Office B

$1.86M

$1.63M – $2.17M (±1% cap)

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 (±1% cap)

NOI $180,349 @ 7.0% cap · market cap 7.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Electrical Service Kitchen & Bath Showroom Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,069

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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