Listing Agency: Colliers | Cincinnati Show Phone

Listed By: Fred Macke · License #BRKP.0000234706 Show Phone

Source: Moodyscre

Added: Oct 17, 2025 Changed: Jul 6 Last Checked: Oct 7 at 3:37PM

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Investment Insights

Based on property information with market context.

This 5,530 square foot property is suitable for medical offices. The area features a high concentration of medical offices and is located near St. Elizabeth Hospital. The location provides convenient access to nearby amenities and the highway.

Key Highlights

• Close proximity to St. Elizabeth Hospital
• Area rich with other medical offices
• Many amenities nearby

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$72,145

Cap Rate

6.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,442,900 $1.4M

Cap Rate 7%

$1,030,643 $1.0M

Cap Rate 9%

$801,611 $801.6K

Market Conditions

NOI Build-Up for 5,530 SF

Gross rent

$110.8K $20.04/SF

− Vacancy

−$14.6K −$2.65/SF

EGI

$96.2K $17.39/SF

− OpEx

−$24.0K −$4.35/SF

NOI

$72.1K $13.05/SF

Area

Kenton County, KY

Vacancy

13.20%

Lease Rate

$20.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,442,900

Cap Rate 7%

$1,030,643

Cap Rate 9%

$801,611

Alternative Uses

Best Use

Office B

$1.03M

$901.8K – $1.20M (±1% cap)

NOI $72,145 @ 7.0% cap · market cap 6.56%

Second Best

Healthcare Medical

$278.6K

$243.8K – $325.1K (±1% cap)

NOI $19,503 @ 7.0% cap · market cap 1.77%

Theoretical Best

Office A

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $99,933 @ 7.0% cap · market cap 9.08%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Building Supply Auto Repair Shop Garden Center Furniture & Home Goods Parking Lot & Garage Carpet & Flooring Store

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

1,077

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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

Frequently Asked Questions

What type of property is this?

Medical Office Space - Medical office space near St. Elizabeth Hospital with highway access.

Where is this medical office space located?

The property is located at 2701 Chancellor Dr Crestview Hills, KY.

What is the asking price?

The asking price for this property is $1,100,470.

What are key features of this property?

This property features: Close proximity to St. Elizabeth Hospital; Area rich with other medical offices; Many amenities nearby