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    2670 Chancellor Dr Crestview Hills, KY 41017

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    For Lease
    $4 SF/Yr ($19,260 /Mo)

    Flexible office suites in Crestview Hills with tenant improvement allowance.

    Property size:
    51,362 SF
    Lot size:
    51,362 SF

    Property Features for 2670 Chancellor Dr

    General Information

    Size
    51,362 SF

    Building Details

    Year built
    1989

    We can help!

    Listing Contact
    Laurence Bergman
    Source: Naiglobal

    Listing Agent: Laurence Bergman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Professional Office Suites For Rent

    Professional office suites are available for rent with flexible floor plans. A tenant improvement allowance is offered to customize the space. The property is situated in Crestview Hills, a Northern Kentucky suburb that hosts Thomas More University, retail outlets, restaurants, healthcare facilities, and hotels. It features visible frontage along Interstate 275, providing visibility and accessibility. The location is approximately a 7-minute drive to the Cincinnati/Northern Kentucky International Airport (CVG) and 9 minutes to downtown Cincinnati. Nearby amenities include Crestview Hills Town Center with shops such as Trader Joe’s and Dillard’s, fitness centers, Cincinnati Children’s Hospital, and St. Elizabeth Healthcare. Ample on-site surface parking is available. The environment is suitable for medical, legal, tech, or back-office users. The property offers competitive pricing in a Class A environment, with operating expenses lower than neighboring properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Crestview Hills
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.557946
    Latitude
    39.024457

    Nearby Similar for Lease

    • $450 /Mo
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      Crestview Hills Office Space

      Affordable office space in a high-quality building with great tenants.
      2734 Chancellor Dr, Crestview Hills, KY 41017
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    • $16 SF/Yr
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      Crestview Hills Office Space

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    • $15 SF/Yr
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      Crestview Hills Office Space Available

      Office space with great visibility and abundant parking available forrent.
      330 Thomas More Pkwy, Crestview Hills, KY 41017
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    • $16 SF/Yr
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      Crestview Hills Office Space

      Office spaces in a corporate campus setting near amenities.
      350 Thomas More Pkwy, Crestview Hills, KY 41017
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    • $16 SF/Yr
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      Chapel Place Office Park: Premier KY Offices

      Executive suites, high visibility, flexible space.
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    • $15 SF/Yr
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      Medical Office Space Available

      Medical office space for lease in Crestview Hills, KY.
      2900 Chancellor Dr, Crestview Hills, KY 41017
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    • $23 SF/Yr
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      Class A Office Space Available

      High-visibility office space with abundant parking and tenant amenities.
      740 Centre View Blvd, Crestview Hills, KY 41017
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    • $14 SF/Yr
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      Medical/Office Space Near Major Routes

      Crestview Hills medical/office space with highway access.
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    • Contact for pricing
      1,796 SF

      Office Space in Crestview Hills

      Office space available near I-275 and Crestview Hills Town Center.
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    • $1,100,470
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      Medical Office Space For Rent

      Medical office space near St. Elizabeth Hospital with highway access.
      2701 Chancellor Dr, Crestview Hills, KY 41017
      View Details

    FAQs

    What type of property is this?
    Office space - Flexible office suites in Crestview Hills with tenant improvement allowance.
    Where is this office space located?
    The property is located at 2670 Chancellor Dr Crestview Hills, KY.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Strategic Location: Visible frontage on I-275, minutes from CVG Airport and Downtown Cincinnati.; - Tenant Improvement (TI) Allowance: Customize the office space to your specific needs.; - Below Market Lease Rates: Competitive pricing in a Class A environment.
    (513) 322-6307
    Request Owner's contact information
    2670 Chancellor Dr Crestview Hills, KY 41017
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    Crestview Hills, KY 41017
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    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
    2670 Chancellor Dr Crestview Hills, KY 41017
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    We can help!
    Listing Contact
    Laurence Bergman
    Real Estate License ID: #BRKP.0000348029
    (513) 322-6307
    Learn more
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