Building Details

Building Size 10,000 SF

Listing Agency: KW Commercial Northern Kentucky

Listed By: Derrick Plunkett · License #219608 Show Phone

Source: Commercialcafe

Added: May 8 Changed: Oct 5 Last Checked: Oct 5 at 3:03PM

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Investment Insights

Based on property information with market context.

Available for sale, this flex industrial-office building totals approximately 10,000 square feet and is located at 245 Grandview Avenue in Bellevue, Kentucky. The property is described as having a versatile design and spacious layout intended to accommodate both industrial and office uses.

The building is positioned for accessibility within the Campbell County area, with visibility and access highlighted in the seller’s remarks. This configuration can support a range of workspace and operations that benefit from combining flexible industrial functionality with office-oriented space.

Key Highlights

• For‑sale flex building offering industrial and office space in Bellevue, Kentucky
• 10,000 SF building located at 245 Grandview Avenue
• Designed as a versatile industrial/office space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$64,840

Cap Rate

6.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,296,800 $1.3M

Cap Rate 7%

$926,286 $926.3K

Cap Rate 9%

$720,444 $720.4K

Market Conditions

NOI Build-Up for 10,000 SF

Gross rent

$99.6K $9.96/SF

− Vacancy

−$7.0K −$0.70/SF

EGI

$92.6K $9.26/SF

− OpEx

−$27.8K −$2.78/SF

NOI

$64.8K $6.48/SF

Area

Campbell County, KY

Vacancy

7.00%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,296,800

Cap Rate 7%

$926,286

Cap Rate 9%

$720,444

Alternative Uses

Best Use

Flex RnD

$1.50M

$1.32M – $1.76M (±1% cap)

NOI $105,300 @ 7.0% cap · market cap 11.08%

Second Best

Industrial

$926.3K

$810.5K – $1.08M (±1% cap)

NOI $64,840 @ 7.0% cap · market cap 6.83%

Theoretical Best

Office A

$2.74M

$2.40M – $3.20M (±1% cap)

NOI $192,000 @ 7.0% cap · market cap 20.21%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,067

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 41073, KY

5,548

Population

2,915

Households

1.9

Avg Household Size

39

Median Age

43%

College-Educated

95%

High-School Grad

0.9 sq mi

ZIP Area

6,164

Density / Sq Mi

$67,143

Median Household Income

$48,250

Median Earnings

$1,124

Median Rent

$186,200

Median Home Value

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

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - For-sale flex building offering industrial and office space in Bellevue, Kentucky.

Where is this flex space located?

The property is located at 245 Grandview Avenue Bellevue, KY.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: For‑sale flex building offering industrial and office space in Bellevue, Kentucky; 10,000 SF building located at 245 Grandview Avenue; Designed as a versatile industrial/office space