Heavy-Power Manufacturing
For Sale
$2,295,000
9215 Brookfield Ct., Florence, KY 41042
Manufacturing facility with substantial electrical service, warehouse HVAC, production equipment, and additional land for storage or expansion.
Property Size15,480 SF
Days on Market39
Property Features for 9215 Brookfield Ct.
General Information
Standard status
Active
Size
15,480 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Power
3,000 amps
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Additional Details
Asking Price
$2,295,000
Building Details
Building Size
15,480 SF
Listing Agency:
SqFt Commercial
Listed By:
Jared Wagoner · License #SAL.2016005938
(812) 890-1768
Source:
Commercialcafe
Added: Aug 1
Changed: Sep 8
Last Checked: Sep 7 at 11:58AM
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 SqFt Commercial
Investment Insights
Based on property information with market context.
This 15,480-square-foot manufacturing facility is configured for power-intensive operations, with approximately 480-volt, 3-phase service rated at 3,000 amps. The warehouse area includes partial full HVAC, while existing improvements include a former paint booth, airlines, conduit, exhaust fans, and jib cranes. Crane equipment includes two 1-ton units and one 5-ton unit.
Additional land provides space for outdoor storage or future expansion. The property is near I-71/75, I-275, and CVG International Airport, supporting regional transportation access. Immediate occupancy is available, with improvements and make-ready work underway under new ownership.
Additional land provides space for outdoor storage or future expansion. The property is near I-71/75, I-275, and CVG International Airport, supporting regional transportation access. Immediate occupancy is available, with improvements and make-ready work underway under new ownership.
Key Highlights
- 15,480‑square‑foot manufacturing facility
- Approximately 480‑volt, 3‑phase power with 3,000‑amp service
- Two 1‑ton jib cranes and one 5‑ton jib crane
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$116,755
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,335,100
$2.3M
Cap Rate 7%
$1,667,929
$1.7M
Cap Rate 9%
$1,297,278
$1.3M
Market Conditions
NOI Build-Up for 15,480 SF
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.
Gross rent
$146.8K $9.48/SF
− Vacancy
−$9.4K −$0.61/SF
EGI
$137.4K $8.87/SF
− OpEx
−$20.6K −$1.33/SF
NOI
$116.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,335,100
Cap Rate 7%
$1,667,929
Cap Rate 9%
$1,297,278
Alternative Uses
Best Use
Warehouse
$1.67M
$1.46M – $1.95M
NOI $116,755 @ 7.0% cap · market cap 5.09%
Second Best
Industrial
$1.37M
$1.20M – $1.60M
NOI $96,151 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$4.27M
$3.73M – $4.98M
NOI $298,702 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 41042, KY
54,183
Population
23,640
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
22.1 sq mi
ZIP Area
2,452
Density / Sq Mi
$75,582
Median Household Income
$43,501
Median Earnings
$1,240
Median Rent
$210,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing facility with substantial electrical service, warehouse HVAC, production equipment, and additional land for storage or expansion.
Where is this manufacturing property located?
The property is located at 9215 Brookfield Ct. Florence, KY.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: 15,480‑square‑foot manufacturing facility; Approximately 480‑volt, 3‑phase power with 3,000‑amp service; Two 1‑ton jib cranes and one 5‑ton jib crane
