Flex Industrial Building with
For Sale
Contact for pricing
125 W 34th St, Covington, KY 41015
Warehouse and office improvements include overhead doors, full HVAC, wet fire suppression, and three-phase electrical service.
Property Size22,968 SF
Price / SF$52.25
Days on Market232
Property Features for 125 W 34th St
General Information
Standard status
Active
Size
22,968 SF
Property subtype
Industrial
Zoning
LI Limited Industrial
Lease Type
Modified Gross
Building Details
Year Built
1930
Buildings
1
Listing Agency:
CURO | BRKG
Listed By:
Josh Niederhelman · License #KY 206691
(513) 999-2876
Source:
Crexi
Added: Feb 24
Changed: Oct 10
Last Checked: Oct 12 at 9:04PM
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 CURO | BRKG
Investment Insights
Based on property information with market context.
This flex industrial property contains 22,968 SF, including 19,468 SF of warehouse area and 3,500 SF of office space. The office component includes private offices, bullpen space, and conference rooms. Warehouse features include four overhead doors, 14’–20’ clear height, gas-fired unit heaters, and a wet fire suppression system with alarm. The office area has full HVAC.
The 0.84 AC parcel provides 8–12 parking spaces and a gravel storage lot. Built in 1930, the property is served by 480/240-volt, 400 amp, 3-phase electrical service and is zoned LI Limited Industrial.
The 0.84 AC parcel provides 8–12 parking spaces and a gravel storage lot. Built in 1930, the property is served by 480/240-volt, 400 amp, 3-phase electrical service and is zoned LI Limited Industrial.
Key Highlights
- 22,968 SF total building with 19,468 SF warehouse and 3,500 SF office
- Four overhead doors and 14’–20’ clear height
- 0.84 AC parcel with 8–12 parking spaces and gravel storage lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,755
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,755,100
$1.8M
Cap Rate 7%
$1,253,643
$1.3M
Cap Rate 9%
$975,056
$975.1K
Market Conditions
NOI Build-Up for 22,968 SF
Gross rent
$143.3K $6.24/SF
− Vacancy
−$8.3K −$0.36/SF
EGI
$135.0K $5.88/SF
− OpEx
−$47.3K −$2.06/SF
NOI
$87.8K $3.82/SF
Area
Kenton County, KY
Vacancy
5.80%
Lease Rate
$6.24 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,755,100
Cap Rate 7%
$1,253,643
Cap Rate 9%
$975,056
Alternative Uses
Best Use
Office B
$4.28M
$3.75M – $4.99M
NOI $299,641 @ 7.0% cap · market cap 24.97%
Second Best
Warehouse
$1.88M
$1.64M – $2.19M
NOI $131,416 @ 7.0% cap · market cap 10.95%
Theoretical Best
Office A
$5.93M
$5.19M – $6.92M
NOI $415,056 @ 7.0% cap · market cap 34.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 41015, KY
21,599
Population
9,135
Households
2.4
Avg Household Size
39
Median Age
30%
College-Educated
90%
High-School Grad
25.4 sq mi
ZIP Area
850
Density / Sq Mi
$63,783
Median Household Income
$44,740
Median Earnings
$857
Median Rent
$176,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Lula's Catering — 111 E Southern Ave Ste 15604, Taylor Mill, KY 41015
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office improvements include overhead doors, full HVAC, wet fire suppression, and three-phase electrical service.
Where is this flex space located?
The property is located at 125 W 34th St Covington, KY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 22,968 SF total building with 19,468 SF warehouse and 3,500 SF office; Four overhead doors and 14’–20’ clear height; 0.84 AC parcel with 8–12 parking spaces and gravel storage lot
