Burlington Commercial Property with
5981 Peoples Ct Burlington, KY
5981 Peoples Ct, Burlington, KY, 00000
Contact for pricing
For Sale
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Commercial property in Burlington, KY, featuring a drive-thru and renovations.
Property Size2,500 SF
Lot Size1.88 Acres
Price / SF$130
Days on Market775
Property Features for 5981 Peoples Ct
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 1.88 Acres
- Property subtype
- OFFICE
Listing Agency
3CRE Advisors, LLC - corporate
(513) 600-6168
Listed by
Gabriela Costantini · License #SAL.2013003471
(513) 600-6168
Source
Moodyscre
Added: Jun 7, 2024 Updated: Jul 6 at 10:24 am Checked: Jul 20 at 2:06 am
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 commercial property in Burlington, KY, features 1,659 square feet of space on a 0.34-acre parcel. The property includes monument signage and a two-lane drive-thru. Recent renovations have been completed. The interior layout comprises two private office spaces, two private restroom spaces, and a kitchenette. The property is suitable for various business uses.
Key Highlights
- Two‑lane drive‑thru for customer convenience.
- Recent renovations enhance the property's appeal.
- Benefit from monument signage, increasing visibility.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.1k | $16.44 |
| − Vacancy | −$1.4k | −$0.58 |
| EGI | $39.7k | $15.86 |
| − OpEx | −$9.9k | −$3.97 |
| NOI | $29.7k | $11.90 |
2,500 SF · lease $16.44/SF/yr · vacancy 3.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$451.3K
$394.9K – $526.5K
NOI $31,590 @ 7.0% cap · market cap 9.72%
Second Best
Retail
$431.1K
$377.2K – $503.0K
NOI $30,177 @ 7.0% cap · market cap 9.29%
Theoretical Best
Office A
$689.1K
$603.0K – $804.0K
NOI $48,240 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Commercial property in Burlington, KY, featuring a drive-thru and renovations.
Where is this office units located?
The property is located at 5981 Peoples Ct Burlington, KY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑lane drive‑thru for customer convenience.; Recent renovations enhance the property's appeal.; Benefit from monument signage, increasing visibility.
