Flex Industrial-Office
245 Grandview Avenue Bellevue, KY 41073
245 Grandview Avenue, Bellevue, KY, 41073
Contact for pricing
For Sale
Contact for pricing
For-sale flex building offering industrial and office space in Bellevue, Kentucky.
Property Size10,000 SF
Price / SF$95
Days on Market77
Property Features for 245 Grandview Avenue
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Industrial
Listing agency
KW Commercial
(859) 620-5830
Listed by
Derrick Plunkett · License #KY 219608
Source
Crexi
Added: May 6 Updated: Jul 21 at 12:50AM Checked: Jul 21 at 6:35AM
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 KW Commercial
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.
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
Local Financial Insights For Industrial
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 | $99.6k | $9.96 |
| − Vacancy | −$7.0k | −$0.70 |
| EGI | $92.6k | $9.26 |
| − OpEx | −$27.8k | −$2.78 |
| NOI | $64.8k | $6.48 |
10,000 SF · lease $9.96/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,600 @ 7.0% cap · market cap 13.64%
Second Best
Flex RnD
$1.50M
$1.32M – $1.76M
NOI $105,300 @ 7.0% cap · market cap 11.08%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $192,000 @ 7.0% cap · market cap 20.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- A taste of Chicago — 725 Saratoga St, Newport, KY 41071
FAQs
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
