Mixed-Use Building with Retail and
For Sale
Contact for pricing
1002 York St, Newport, KY 41071
Ground-floor retail space with an upstairs three-bedroom, three-bath multifamily unit in Newport, Kentucky.
Property Size3,358 SF
Price / SF$163.79
Days on Market408
Property Features for 1002 York St
General Information
Standard status
Active
Size
3,358 SF
Property subtype
RETAIL
Listing Agency:
3CRE Advisors, LLC - corporate
(513) 745-9333
Listed By:
Gabriela Costantini · License ##218754
(513) 600-6168
Source:
Moodyscre
Added: Aug 4, 2025
Changed: Sep 15
Last Checked: Sep 15 at 10:34AM
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 3CRE Advisors, LLC - corporate
Investment Insights
Based on property information with market context.
This mixed-use property offers a practical first-floor retail layout paired with a second-floor multifamily residence. The building includes retail space on the first floor and a spacious upstairs unit on the second floor.
The upstairs residence features three bedrooms and three full bathrooms, providing flexible space for long-term living and rental appeal. The property totals 3,358 square feet and is located at 1002 York St in Campbell County, in the heart of Newport, Kentucky.
With retail below and living space above, the configuration supports mixed-use functionality in a single building footprint.
The upstairs residence features three bedrooms and three full bathrooms, providing flexible space for long-term living and rental appeal. The property totals 3,358 square feet and is located at 1002 York St in Campbell County, in the heart of Newport, Kentucky.
With retail below and living space above, the configuration supports mixed-use functionality in a single building footprint.
Key Highlights
- 3,358 SF mixed‑use building at 1002 York St, Campbell County, Newport, KY
- Ground‑floor retail space
- Second‑floor multifamily unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,376
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$747,520
$747.5K
Cap Rate 7%
$533,943
$533.9K
Cap Rate 9%
$415,289
$415.3K
Market Conditions
NOI Build-Up for 3,358 SF
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.
Gross rent
$55.2K $16.44/SF
− Vacancy
−$1.8K −$0.54/SF
EGI
$53.4K $15.90/SF
− OpEx
−$16.0K −$4.77/SF
NOI
$37.4K $11.13/SF
Area
Campbell County, KY
Vacancy
3.28%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$747,520
Cap Rate 7%
$533,943
Cap Rate 9%
$415,289
Alternative Uses
Best Use
Retail
$533.9K
$467.2K – $622.9K
NOI $37,376 @ 7.0% cap · market cap 6.80%
Second Best
Mixed Use
$496.5K
$434.4K – $579.3K
NOI $34,755 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$921.1K
$805.9K – $1.07M
NOI $64,474 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,910
Businesses Nearby
137k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 28%
Shops & Services 27%
Apparel 26%
Groceries 12%
Ross Dress for Less
Apparel
19,713 visits/mo
0.3 miles
Aldi
Groceries
16,430 visits/mo
0.3 miles
Burlington
Apparel
15,779 visits/mo
0.3 miles
Speedway
Shops & Services
14,232 visits/mo
0.4 miles
Skyline Chili
Dining
11,568 visits/mo
0.5 miles
Demographics for 41071, KY
19,796
Population
10,883
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
3,599
Density / Sq Mi
$58,329
Median Household Income
$44,836
Median Earnings
$1,047
Median Rent
$186,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail space with an upstairs three-bedroom, three-bath multifamily unit in Newport, Kentucky.
Where is this mixed-use property located?
The property is located at 1002 York St Newport, KY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,358 SF mixed‑use building at 1002 York St, Campbell County, Newport, KY; Ground‑floor retail space; Second‑floor multifamily unit
