Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Florence, Kentucky Title is generated by Realmo AI

    1035 Vandercar Way, Florence, KY 41042

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $25 SF/Yr $51,916/Mo (calc)

    Open-concept retail space in a high-traffic commercial area.

    Type:Retail
    Property size:
    24,920 SF
    Added:
    Jan 27, 2026
    Days on Market:
    115
    Last Refresh:
    Dec 8 at 8:39 pm

    Property Features for 1035 Vandercar Way

    General Information

    Standard status
    Active
    Size
    24,920 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2006

    Spaces For Lease

    at 1035 Vandercar Way Contact us

    We can help!

    Listing Contact
    Michael Costantini
    Michael Costantini

    Listing agent Michael Costantini License #KY #281226

    Listing office 3CRE Advisors, LLC - corporate

    Listing date Jan 27, 2026

    Source 3cre

    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

    HighLights

    • High‑traffic location in a vibrant commercial corridor surrounded by national retailers (Walmart, Target, Meijer, Kohl’s, Sam’s Club).
    • Excellent visibility and a modern storefront entrance.
    • Flexible, open‑concept layout (1,397 sq ft) that can be customized.
    • Strong demographics in the surrounding area.
    • Excellent highway connectivity via I‑71/75.
    • Minutes from Florence Mall and numerous hotels.

    Overview

    The property at 1035 Vandercar Way in Florence, Kentucky, offers an approximately 1,397-square-foot retail space for lease. This open-concept suite is suitable for various retail uses, featuring excellent visibility, a modern storefront entrance, and flexible layout options that can be customized. The property is located in a vibrant commercial corridor, surrounded by national retailers and dining establishments. Nearby anchor stores include Walmart, Target, Meijer, Kohl’s, and Sam’s Club, contributing to a high-traffic environment. The area benefits from strong demographics and excellent highway connectivity via I-71/75. It is also located minutes from the Florence Mall and numerous hotels, making it an ideal location for retail operators looking to establish or expand their presence in Northern Kentucky.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Boone
    State
    Kentucky
    Longitude
    -84.6517
    Latitude
    38.997

    Nearby Similar for Lease

    • $2,225/Mo
      1,780 SF

      Retail Space For Lease

      Retail space available in high-traffic commercial area.
      8177 Mall Rd, Florence, KY
      View Details
    • $14 SF/Yr
      5,000 SF

      Retail Space Near Turfway Park

      In-line retail space near Turfway Park Racing & Gaming.
      1030-1060 Hansel Ave, Florence, KY
      View Details
    • $22 SF/Yr
      1,385 SF

      Retail Space in Florence, KY

      Retail space available for lease in Florence, Kentucky.
      7220 Burlington Pike, Florence, KY
      View Details
    • $3,000/Mo
      3,000 SF

      Temperature Controlled Warehouse Space

      3,000 SF temperature controlled warehouse space for lease.
      4951-4999 Houston Rd, Florence, KY
      View Details
    • $11 SF/Yr
      13,450 SF

      Florence Specialty Property for Lease

      Specialty property available for lease in Florence, Kentucky.
      600 MEIJER DR., Florence, KY, 41042
      View Details
    • $18 SF/Yr
      5,862 SF

      Multi-Tenant Office Building For Rent

      Three-story office building with shared amenities and abundant parking.
      7900 Tanners Gate Ln, Florence, KY
      View Details
    • Contact for pricing
      23,936 SF

      Retail Space in Florence, KY

      Retail space available for lease in Florence, Kentucky.
      83-87 Spiral Dr, Florence, KY 41042
      View Details
    • Contact for pricing
      217,647 SF

      Flexible Office Suites For Lease

      Office park with suites from 874 to 22,000+ sqft.
      7300-7310 Turfway Road, Florence, KY 41042
      View Details
    • $19 SF/Yr
      9,695 SF

      Class B Office Space Available

      Class B office space with flexible sizes and customizable terms.
      7310 Turfway Rd, Florence, KY
      View Details
    • Contact for pricing
      270,000 SF

      270,000 SF Industrial Facility

      Industrial facility with heavy power, cranes, and convenient location.
      7375 Industrial Road, Florence, KY, 41042
      View Details
    • $11 SF/Yr
      17,103 SF

      Florence Office Space Available

      Office space available for lease in Florence, Kentucky.
      500 MEIJER DR., Florence, KY, 41042
      View Details
    • $3,000/Mo
      3,000 SF

      Retail Space For Rent

      Retail space with ample parking and highway visibility.
      6418 Dixie Highway, Florence, KY
      View Details

    FAQs

    What type of property is this?
    Retail space - Open-concept retail space in a high-traffic commercial area.
    Where is this retail space located?
    The property is located at 1035 Vandercar Way Florence, KY.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location in a vibrant commercial corridor surrounded by national retailers (Walmart, Target, Meijer, Kohl’s, Sam’s Club).; Excellent visibility and a modern storefront entrance.; Flexible, open‑concept layout (1,397 sq ft) that can be customized.
    (513) 383-8413
    We can help!
    Listing Contact
    Michael Costantini
    Michael Costantini
    Real Estate License ID: KY #281226
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1035 Vandercar Way, Florence, KY 41042
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!