Multi-Building Storage and
For Sale
$1,750,000
7006-7014 Hughes Ave, Crestwood, KY 40014
Seven buildings on two contiguous parcels combine office space, masonry warehouse, and multiple storage rental buildings.
Property Size17,093 SF
Price / SF$102.38
Days on Market169
Property Features for 7006-7014 Hughes Ave
General Information
Standard status
Active
Size
17,093 SF
Property subtype
Other
Zoning
C-3
Amenities
Power
Water
Sewer
Natural Gas
Listing Agency:
RE/MAX Real Estate Champions
Listed By:
Lori Willinghurst
(502) 930-1155
Source:
Kcrea.resimplifi
Added: May 13
Changed: Oct 26
Last Checked: Oct 28 at 4:51AM
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 RE/MAX Real Estate Champions
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes seven buildings across two contiguous parcels in Crestwood, KY. The front parcel features a two-story 3,000 SF main office building that is currently fully owner-occupied, along with a sturdy 3,360 SF masonry warehouse built in 1980, also owner-occupied. Added in 2013 are a 1,440 SF wood-frame, metal-exterior building with rental storage configured as four 20' x 18' units, plus three additional wood-frame, metal-exterior storage buildings totaling 5,724 SF designed for storage rental.
The back parcel is available separately and includes two buildings totaling 3,569 SF, built in 1992. One building includes approximately 25% finished office space and has had renovations since 2010.
Collectively, the property is designed to support both owner-occupancy and income-producing storage operations, with space that includes both offices and warehousing.
The back parcel is available separately and includes two buildings totaling 3,569 SF, built in 1992. One building includes approximately 25% finished office space and has had renovations since 2010.
Collectively, the property is designed to support both owner-occupancy and income-producing storage operations, with space that includes both offices and warehousing.
Key Highlights
- Seven‑building commercial property on two contiguous parcels in Crestwood, KY, offering office, masonry warehouse, and storage rental buildings
- Front parcel includes a 3,000 SF two‑story main office building (owner‑occupied) with a history of individual office rentals
- Front parcel also includes a 3,360 SF masonry warehouse built in 1980 (owner‑occupied)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,237
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,204,740
$3.2M
Cap Rate 7%
$2,289,100
$2.3M
Cap Rate 9%
$1,780,411
$1.8M
Market Conditions
NOI Build-Up for 17,093 SF
Gross rent
$246.1K $14.40/SF
− Vacancy
−$17.2K −$1.01/SF
EGI
$228.9K $13.39/SF
− OpEx
−$68.7K −$4.02/SF
NOI
$160.2K $9.37/SF
Area
Oldham County, KY
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,204,740
Cap Rate 7%
$2,289,100
Cap Rate 9%
$1,780,411
Alternative Uses
Best Use
Office B
$3.01M
$2.63M – $3.51M
NOI $210,664 @ 7.0% cap · market cap 12.04%
Second Best
Self Storage
$2.29M
$2.00M – $2.67M
NOI $160,237 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$3.60M
$3.15M – $4.20M
NOI $252,243 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 40014, KY
22,255
Population
8,028
Households
2.8
Avg Household Size
40
Median Age
47%
College-Educated
97%
High-School Grad
52.1 sq mi
ZIP Area
427
Density / Sq Mi
$118,750
Median Household Income
$57,297
Median Earnings
$1,117
Median Rent
$381,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Seven buildings on two contiguous parcels combine office space, masonry warehouse, and multiple storage rental buildings.
Where is this flex space located?
The property is located at 7006-7014 Hughes Ave Crestwood, KY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Seven‑building commercial property on two contiguous parcels in Crestwood, KY, offering office, masonry warehouse, and storage rental buildings; Front parcel includes a 3,000 SF two‑story main office building (owner‑occupied) with a history of individual office rentals; Front parcel also includes a 3,360 SF masonry warehouse built in 1980 (owner‑occupied)
