End-Unit Medical Office
For Sale
$127,500
30-6900 Houston Rd, Florence, KY 41042
Second-floor end unit with abundant natural light, open layout, private office, and ADA restroom for medical or professional use.
Property Size950 SF
Price / SF$134.21
Days on Market276
Property Features for 30-6900 Houston Rd
General Information
Standard status
Active
Size
950 SF
Building Details
Stories
2
Listing Agency:
eXp Realty, LLC
(859) 795-7995
Listed By:
Caldwell Group
(859) 780-5511
Source:
Exprealty
Added: Jan 29
Changed: Oct 31
Last Checked: Oct 30 at 2:59PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
Professional office condominium now available for sale or lease, offering approximately 1,000 SF across the second floor. The suite is an end unit with lots of natural light and a configuration that includes a large open space, one private office, and a reception area. The open area was opened up and can be reconfigured back into multiple offices, supporting a range of professional layouts. Additional improvements include a kitchenette and one private ADA-compliant restroom.
The property is located at 30-6900 Houston Rd in Florence, KY, with convenient access for both employees and clients. The surrounding area includes major retail and service amenities such as Walmart, Meijer, Kohl’s, dining and banking, as well as St. Elizabeth Medical Center.
This space is a practical fit for medical, professional, or service-oriented users looking for a well-designed office suite with an end-unit position, flexible interior layout, and dedicated restroom accommodations. The combination of reception space, a private office, and an open work area can support client-facing operations that benefit from daylit interiors and easy office reconfiguration.
The property is located at 30-6900 Houston Rd in Florence, KY, with convenient access for both employees and clients. The surrounding area includes major retail and service amenities such as Walmart, Meijer, Kohl’s, dining and banking, as well as St. Elizabeth Medical Center.
This space is a practical fit for medical, professional, or service-oriented users looking for a well-designed office suite with an end-unit position, flexible interior layout, and dedicated restroom accommodations. The combination of reception space, a private office, and an open work area can support client-facing operations that benefit from daylit interiors and easy office reconfiguration.
Key Highlights
- Approximately 1,000 SF professional office condo for sale or lease
- Second‑floor end unit with lots of natural light
- Opened‑up layout with large open space plus one private office and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,578
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,560
$231.6K
Cap Rate 7%
$165,400
$165.4K
Cap Rate 9%
$128,644
$128.6K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$20.9K $21.96/SF
− Vacancy
−$1.6K −$1.65/SF
EGI
$19.3K $20.31/SF
− OpEx
−$7.7K −$8.13/SF
NOI
$11.6K $12.19/SF
Area
Boone County, KY
Vacancy
7.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,560
Cap Rate 7%
$165,400
Cap Rate 9%
$128,644
Alternative Uses
Best Use
Office B
$171.5K
$150.1K – $200.1K
NOI $12,004 @ 7.0% cap · market cap 9.41%
Second Best
Healthcare Medical
$165.4K
$144.7K – $193.0K
NOI $11,578 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$261.9K
$229.1K – $305.5K
NOI $18,331 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor end unit with abundant natural light, open layout, private office, and ADA restroom for medical or professional use.
Where is this office unit located?
The property is located at 30-6900 Houston Rd Florence, KY.
What is the asking price?
The asking price for this property is $127,500.
What are key features of this property?
This property features: Approximately 1,000 SF professional office condo for sale or lease; Second‑floor end unit with lots of natural light; Opened‑up layout with large open space plus one private office and reception area
