Office Condo with Private
For Sale
$230,000
7000 Houston Rd Unit 18, Florence, KY 41042
Office condo features street-level entry, open meeting/showroom area, kitchen, bathroom, and three private offices.
Property Size950 SF
Price / SF$242.11
Days on Market193
Property Features for 7000 Houston Rd Unit 18
General Information
Standard status
Active
Size
950 SF
Building Details
Year Built
2002
Listing Agency:
Sibcy Cline, REALTORS-Florence
Listed By:
Sharon Hilinski
(859) 750-9737
Source:
Finn-team
Added: Apr 12
Changed: Oct 4
Last Checked: Oct 7 at 3:17PM
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 Sibcy Cline, REALTORS-Florence
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Investment Insights
Based on property information with market context.
This office condo (Building 300, Unit 28) offers street-level entry with an approximate 20-step ascent to the office entrance. Inside, the layout includes an open meeting/showroom area with a large picture window, along with a kitchen area and bathroom. The space is further supported by three private offices, providing separation for focused work or client meetings.
The property is described as having strong drive-by traffic and high visibility, with convenient access to the expressway and nearby downtown Cincinnati and CVG. Ample parking is also noted.
The office condo is available with immediate possession and is described as needing some freshening up, with readiness to move right in after updates.
The property is described as having strong drive-by traffic and high visibility, with convenient access to the expressway and nearby downtown Cincinnati and CVG. Ample parking is also noted.
The office condo is available with immediate possession and is described as needing some freshening up, with readiness to move right in after updates.
Key Highlights
- Office condo, Building 300, Unit 28, with immediate possession
- Street‑level entry with an approx. 20‑step walk up to the office entry
- Open meeting/showroom area with a large picture window and private view
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,004
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,080
$240.1K
Cap Rate 7%
$171,486
$171.5K
Cap Rate 9%
$133,378
$133.4K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$20.5K $21.60/SF
− Vacancy
−$4.5K −$4.75/SF
EGI
$16.0K $16.85/SF
− OpEx
−$4.0K −$4.21/SF
NOI
$12.0K $12.64/SF
Area
Boone County, KY
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,080
Cap Rate 7%
$171,486
Cap Rate 9%
$133,378
Alternative Uses
Best Use
Office B
$171.5K
$150.1K – $200.1K
NOI $12,004 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.9K
$229.1K – $305.5K
NOI $18,331 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,070
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 - Office condo features street-level entry, open meeting/showroom area, kitchen, bathroom, and three private offices.
Where is this office unit located?
The property is located at 7000 Houston Rd Unit 18 Florence, KY.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Office condo, Building 300, Unit 28, with immediate possession; Street‑level entry with an approx. 20‑step walk up to the office entry; Open meeting/showroom area with a large picture window and private view
