Properties For Sale

at 2150 Gateway Blvd

2105 Gateway Blvd AVAILABLE, Now

Floor Bldg

Size 50,000 SF

Type INDUSTRIAL

Sublease No

- 50,000 SF including 2,160 spec office - Expansion capabilities up to an additional 40,000 SF - Immediate occupancy available - 24’ Clear Height - 6 ” of unreinforced concrete slab over 6” stone - Just 3 miles to I-275, minutes from CVG International Airport, and I-71/75 - Nearby Amazon, DHL, and FedEx facilities make this a strategic logistical location - Three (3) dock doors and one (1) drive-in (12’ x 16’) - Two additional dock doors can be added - 52 current parking spaces with room for 19 additional spaces to be added

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Listing Agency: Schueler Group Henkle-Schueler, REALTORS

Listed By: Jeff Eichhorn Show Phone

Source: Moodyscre

Added: Apr 21, 2025 Changed: Oct 25 Last Checked: Oct 26 at 3:32PM

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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 Schueler Group Henkle-Schueler, REALTORS

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Investment Insights

Based on property information with market context.

This 50,000 square foot industrial facility includes 2,160 square feet of spec office space. Expansion capabilities allow for an additional 40,000 square feet. The property features a 24-foot clear height and a 6-inch unreinforced concrete slab over 6 inches of stone. Immediate occupancy is available. The location is approximately 3 miles from I-275 and minutes from CVG International Airport and I-71/75. The property is situated near Amazon, DHL, and FedEx facilities, making it a strategic logistical location. It includes three dock doors and one drive-in door (12 feet x 16 feet). Two additional dock doors can be added. There are currently 52 parking spaces, with room to add 19 additional spaces.

Key Highlights

• Strategic logistical location near Amazon, DHL, and FedEx, and minutes from CVG International Airport and I‑275/I‑71/75.
• 50,000 SF including 2,160 SF of spec office space** with expansion capabilities up to an additional 40,000 SF.
• Immediate occupancy available.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$377,114

Cap Rate

4.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,542,280 $7.5M

Cap Rate 7%

$5,387,343 $5.4M

Cap Rate 9%

$4,190,156 $4.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 50,000 SF

Gross rent

$474.0K $9.48/SF

− Vacancy

−$30.3K −$0.61/SF

EGI

$443.7K $8.87/SF

− OpEx

−$66.5K −$1.33/SF

NOI

$377.1K $7.54/SF

Area

Boone County, KY

Vacancy

6.40%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,542,280

Cap Rate 7%

$5,387,343

Cap Rate 9%

$4,190,156

Alternative Uses

Best Use

Warehouse

$5.39M

$4.71M – $6.29M (±1% cap)

NOI $377,114 @ 7.0% cap · market cap 4.29%

Second Best

Industrial

$4.44M

$3.88M – $5.18M (±1% cap)

NOI $310,565 @ 7.0% cap · market cap 3.53%

Theoretical Best

Office A

$13.78M

$12.06M – $16.08M (±1% cap)

NOI $964,800 @ 7.0% cap · market cap 10.97%

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

Property Analytics

Current Use

Warehouses

Location Intelligence

Trade Area within ½ mile

278

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Warehouse - 50,000 SF industrial space near CVG Airport.

Where is this warehouse located?

The property is located at 2150 Gateway Blvd Burlington, KY.

What is the asking price?

The asking price for this property is $8,795,000.

What are key features of this property?

This property features: Strategic logistical location near Amazon, DHL, and FedEx, and minutes from CVG International Airport and I‑275/I‑71/75.; 50,000 SF including 2,160 SF of spec office space** with expansion capabilities up to an additional 40,000 SF.; Immediate occupancy available.