Office-Heavy Flex
350 Aristocrat Dr, Florence, KY 41042
For Sale
New
Contact for pricing
The property combines substantial office area with drive-in warehouse capacity, backup generation, and on-site parking.
Property Size16,530 SF
Lot Size2.30 Acres
Price / SF$130.07
Days on Market4
Property Features for 350 Aristocrat Dr
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Drive-In Doors
Power
Additional Details
Highway Access
Property Use
Building Details
Year Built
Buildings
Building Size
Listing Agency:
KW Commercial
Listed By:
Brett Slusher · License KY #291586
Source:
Crexi
Added: Nov 7
Changed: Nov 10
Last Checked: Nov 10 at 2:10PM
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
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Investment Insights
Based on property information with market context.
Built in 2005, this flex property in Florence, Kentucky, includes 13,130 SF of office space and a 3,570 SF warehouse. The warehouse has four drive-in doors and 14'–16' clear height. Building amenities include six restrooms, 400 amps of power, an on-site generator, and 119 parking spaces. The site spans 2.30 acres, and additional warehouse space may be added to suit operational needs. The property is available immediately and is zoned I-2.
I-71/75 is 1.1 miles away via KY-536, and I-275 and CVG Airport are nearby. US-42 provides another route to I-71/75, 2.3 miles away. The location is in Boone County, within the Cincinnati/Northern Kentucky market.
I-71/75 is 1.1 miles away via KY-536, and I-275 and CVG Airport are nearby. US-42 provides another route to I-71/75, 2.3 miles away. The location is in Boone County, within the Cincinnati/Northern Kentucky market.
Key Highlights
- 13,130 SF of office space and a 3,570 SF warehouse on 2.30 acres
- Four drive‑in doors and 14'–16' clear height
- 119 parking spaces and six restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,802
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,836,040
$2.8M
Cap Rate 7%
$2,025,743
$2.0M
Cap Rate 9%
$1,575,578
$1.6M
Market Conditions
NOI Build-Up for 16,530 SF
Gross rent
$232.1K $14.04/SF
− Vacancy
−$13.9K −$0.84/SF
EGI
$218.2K $13.20/SF
− OpEx
−$76.4K −$4.62/SF
NOI
$141.8K $8.58/SF
Area
Boone County, KY
Vacancy
6.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,836,040
Cap Rate 7%
$2,025,743
Cap Rate 9%
$1,575,578
Alternative Uses
Best Use
Flex RnD
$2.03M
$1.77M – $2.36M
NOI $141,802 @ 7.0% cap · market cap 6.60%
Second Best
Warehouse
$1.78M
$1.56M – $2.08M
NOI $124,674 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$4.56M
$3.99M – $5.32M
NOI $318,963 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
16 ft
Clear height
4
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Eddie's Southern Style BBQ & Catering — 8310 Dixie Hwy, Florence, KY 41042
Frequently Asked Questions
What type of property is this?
Flex space - The property combines substantial office area with drive-in warehouse capacity, backup generation, and on-site parking.
Where is this flex space located?
The property is located at 350 Aristocrat Dr Florence, KY.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 13,130 SF of office space and a 3,570 SF warehouse on 2.30 acres; Four drive‑in doors and 14'–16' clear height; 119 parking spaces and six restrooms
