Modernized Mixed-Use
For Sale
Contact for pricing
1019 Monmouth St, Newport, KY 41071
Dual-level commercial building with updated systems, ADA-compliant upper-level access, and flexible mixed-use configuration.
Property Size1,625 SF
Price / SF$350.77
Days on Market192
Property Features for 1019 Monmouth St
General Information
Standard status
Active
Size
1,625 SF
Class
A
Total Parking Spaces
3
Property subtype
Mixed Use, Office, Retail
Zoning
CBDF
Investment Type
Value Add
Building Details
Year Built
1930
Year Renovated
2022
Buildings
1
Stories
1
Units
2
Abandoned
No
Listing Agency:
Pivot Realty Group
Listed By:
Annie Venerable · License #222368
Source:
Crexi
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 2:30PM
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 Pivot Realty Group
Investment Insights
Based on property information with market context.
Built in 1930, this 1,625-square-foot mixed-use building offers two commercial levels with extensive modernization throughout. Improvements include updated mechanical, electrical, and plumbing systems, 400-amp electrical service, multiple 220V connections, separate electrical metering, Cat 5 data wiring, and high-efficiency HVAC with new gas furnaces and rooftop condensers. The configuration supports commercial, service, light-use, or multi-tenant occupancy as described by the existing improvements.
Exterior and structural work includes a new roof, gutters, masonry restoration, lintel repairs, drainage systems, and Pella Architect Series aluminum windows. The garden level is supported by a sump pump and drain tile system, while the upper level provides ADA-compliant access. Additional site improvements include a rear 3-car concrete driveway, updated sidewalks, exterior safety lighting, and storefront exposure along Monmouth Street.
Exterior and structural work includes a new roof, gutters, masonry restoration, lintel repairs, drainage systems, and Pella Architect Series aluminum windows. The garden level is supported by a sump pump and drain tile system, while the upper level provides ADA-compliant access. Additional site improvements include a rear 3-car concrete driveway, updated sidewalks, exterior safety lighting, and storefront exposure along Monmouth Street.
Key Highlights
- 1,625 SF mixed‑use building built in 1930
- Dual‑level layout with ADA‑compliant upper‑level access
- 400‑amp electrical service with multiple 220V connections on both levels
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
$21,060
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
3.69%
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%
$421,200
$421.2K
Cap Rate 7%
$300,857
$300.9K
Cap Rate 9%
$234,000
$234.0K
Market Conditions
NOI Build-Up for 1,625 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
$35.1K $21.60/SF
− Vacancy
−$7.0K −$4.32/SF
EGI
$28.1K $17.28/SF
− OpEx
−$7.0K −$4.32/SF
NOI
$21.1K $12.96/SF
Area
Campbell County, KY
Vacancy
20.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$421,200
Cap Rate 7%
$300,857
Cap Rate 9%
$234,000
Alternative Uses
Best Use
Office B
$300.9K
$263.3K – $351.0K
NOI $21,060 @ 7.0% cap · market cap 3.69%
Second Best
Retail
$258.4K
$226.1K – $301.5K
NOI $18,087 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$445.7K
$390.0K – $520.0K
NOI $31,200 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,221
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Dual-level commercial building with updated systems, ADA-compliant upper-level access, and flexible mixed-use configuration.
Where is this mixed-use property located?
The property is located at 1019 Monmouth St Newport, KY.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 1,625 SF mixed‑use building built in 1930; Dual‑level layout with ADA‑compliant upper‑level access; 400‑amp electrical service with multiple 220V connections on both levels
