134 W 38th St, Covington, KY 41015
6,578 SF warehouse with 1 drive-in door.
- Added:
- Aug 16, 2024
- Days on Market:
- 691
- Last Refresh:
- May 13 at 8:21 pm
Property Features for 134 W 38th St
General Information
- Standard status
- Active
- Size
- 6,578 SF
- Property subtype
- Industrial
Listing office CURO | BRKG (513) 999-2876
Listing date Aug 16, 2024
Source Crexi
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
HighLights
- 6,578 sf total space
- 16’ clear height
- 60’ x 109’ dimensions
- One 12’ x 16’ drive‑in door
- Gas unit heat
- Block and wood truss construction
Overview
Local Financial Insights For Warehouse
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 | $51.3k | $7.80 |
| − Vacancy | −$7.0k | −$1.07 |
| EGI | $44.3k | $6.73 |
| − OpEx | −$6.6k | −$1.01 |
| NOI | $37.6k | $5.72 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Extra Space Storage — 525 W 35th St, Covington, KY 41015
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- Kenton
- State
- Kentucky
- Longitude
- -84.50077
- Latitude
- 39.04646
