Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8145 Connector Dr Florence, KY 41042

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.737 acre outlot for sale, build-to-suit or ground lease.

    Lot size:
    5.00 Acres

    Property Features for 8145 Connector Dr

    General Information

    Lot size
    5.00 Acres

    We can help!

    Listing Contact
    Kyle Nageleisen
    Kyle Nageleisen
    Source: Moodyscre

    Listing Agent: Kyle Nageleisen

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

    Learn more

    Overview

    0.737 Acre Outlot Available

    A 0.737-acre outlot, which includes cross parking, is available for sale, build-to-suit, or ground lease. Additionally, 5 acres are available for multi-family, hotel, or other development. The property benefits from excellent visibility at a highly trafficked signalized intersection. A connector drive is being extended to provide two points of full access along Mall Road. The location is directly across the street from a new Chick-fil-A, Outback Steakhouse, and Menard's.
    Location Intelligence

    Current Use by Public Records

    Prime Storage Self-Storage Facility Impact Storehouse - Food ... Food Bank Halloween Express Costume Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Boone
    State
    Kentucky
    Longitude
    -84.652709
    Latitude
    38.987463

    Nearby Similar for Sale

    • New
      $4,999,000
      19,040 SF

      Iconic Building on Burlington Pike

      Prestigious commercial building with high visibility and spa amenities.
      7535 Burlington Pike, Florence, KY 41042
      View Details
    • $430,000

      Dixie Hwy Mixed-Use Property

      Remodeled mixed-use property with apartment and garage bays.
      6603 Dixie Hwy, Florence, KY 41042
      View Details
    • $1,115,000
      Pending

      Commercial Building in Florence, KY

      Turnkey commercial building with ample parking near I-75.
      10510 Norbotten Dr, Florence, KY 41042
      View Details
    • $222,900
      Pending

      Commercial Property with Parking Lot

      Two-family commercial property with parking in the heart of Florence.
      26 Dortha Ave, Florence, KY 41042
      View Details
    • $240,000
      Pending

      Spacious Office Space in Florence

      Combined office units with multiple offices, conference room, and amenities.
      7000 Houston Rd, Florence, KY 41042
      View Details
    • $1,150,000
      7,928 SF

      Florence Multifamily Investment Opportunity

      Eight townhome units with rental history in Florence, Kentucky.
      7402 Shenandoah Dr, Florence, KY 41042
      View Details
    • $325,000
      0.17 Acres

      Medical Office Near Main Street

      Medical office featuring treatment rooms, office, and parking.
      10 Youell St, Florence, KY 41042
      View Details
    • $132,000
      950 SF

      Functional Office Suite in Florence

      Office suite with reception, conference room, kitchenette, and restrooms.
      6900 Houston Rd, Florence, KY 41042
      View Details
    • New
      $350,000
      Pending

      Medical Office Space For Sale

      Medical office space with ample parking and convenient highway access.
      7276 Burlington Pike, Florence, KY 41042
      View Details
    • $635,000
      3,625 SF

      Established Eye Care Center

      High-visibility eye care center in Florence, Kentucky for sale.
      6903-6909 Burlington Pike, Florence, KY 41042
      View Details
    • $2,582,988
      123,769 SF

      Amazon Distribution Facility For Sale

      Modern distribution center leased to Amazon in logistics hub.
      7435 Industrial Rd, Florence, KY 41042
      View Details
    • $1,100,000
      7,991 SF

      Florence Commercial Building For Sale

      Commercial building in Florence, KY with multiple tenants and parking.
      256 Main St, Florence, KY 41042
      View Details

    FAQs

    What type of property is this?
    Land - 0.737 acre outlot for sale, build-to-suit or ground lease.
    Where is this land located?
    The property is located at 8145 Connector Dr Florence, KY.
    What are key features of this property?
    This property features: - Excellent visibility from highly trafficked signalized intersection.; - 0.737 Acre Outlot available for sale, build-to-suit or ground lease, includes cross parking.; - Connector drive being extended to provide two points of full access along Mall Road.
    (513) 792-5000
    Request Owner's contact information
    8145 Connector Dr Florence, KY 41042
    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.
    8145 Connector Dr
    Florence, KY 41042
    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
    8145 Connector Dr Florence, KY 41042
    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

    We can help!
    Listing Contact
    Kyle Nageleisen
    Kyle Nageleisen
    (513) 792-5000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.