Retail Shopping Center
2301 Buttermilk Crossing Crescent Springs, KY 41017
2301 Buttermilk Crossing, Crescent Springs, KY, 41017
Contact for pricing
For Sale
Contact for pricing
For sale retail shopping center offering a stated 7.25% CAP rate.
Property Size78,125 SF
Price / SF$196.61
Days on Market108
Property Features for 2301 Buttermilk Crossing
General Information
- Standard status
- Active
- Size
- 78,125 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1993
Listing agency
Marcus & Millichap - Columbus
Listed by
Craig Fuller · License #OH 2008001551
Source
Crexi
Added: Apr 6 Updated: Jul 21 at 12:52AM Checked: Jul 21 at 9:56AM
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 Marcus & Millichap - Columbus
Investment Insights
Based on property information with market context.
This For Sale retail shopping center totals 78,125 square feet and is presented with a stated 7.25% CAP rate. The offering is structured for buyers seeking income-producing retail real estate.
The property is located at 2301 Buttermilk Crossing in Crescent Springs, Kentucky (41017).
The property is located at 2301 Buttermilk Crossing in Crescent Springs, Kentucky (41017).
Key Highlights
- Retail shopping center built in 1993
- Stated 7.25% CAP rate
- 78,125 sq ft retail shopping center
Local Financial Insights For Retail
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 | $1.28M | $16.44 |
| − Vacancy | −$74.5k | −$0.95 |
| EGI | $1.21M | $15.49 |
| − OpEx | −$363.0k | −$4.65 |
| NOI | $846.9k | $10.84 |
78,125 SF · lease $16.44/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$12.10M
$10.59M – $14.12M
NOI $846,917 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.17M
$17.65M – $23.53M
NOI $1,411,800 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Buttermilk Shoppes — 562 Buttermilk Pike, Crescent Springs, KY 41017
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FAQs
What type of property is this?
Shopping center - For sale retail shopping center offering a stated 7.25% CAP rate.
Where is this shopping center located?
The property is located at 2301 Buttermilk Crossing Crescent Springs, KY.
What is the asking price?
The asking price for this property is $15,360,000.
What are key features of this property?
This property features: Retail shopping center built in 1993; Stated 7.25% CAP rate; 78,125 sq ft retail shopping center
