Multi-Building Storage and
7006-7014 Hughes Avenue Crestwood, KY 40014
New
For Sale
Contact for pricing
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 Market6
Property Features for 7006-7014 Hughes Avenue
General Information
Standard status
Active
Size
17,093 SF
Property subtype
Mixed Use, Office, Self Storage, Industrial
Building Details
Year Built
1980
Listing Agency:
RE/MAX Real Estate Champions
(502) 708-1813
Listed By:
Tom Cox · License #KY 196175
Source:
Crexi
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 28 at 8:54AM
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
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 For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $246.1k | $14.40 |
| − Vacancy | −$17.2k | −$1.01 |
| EGI | $228.9k | $13.39 |
| − OpEx | −$68.7k | −$4.02 |
| NOI | $160.2k | $9.37 |
17,093 SF · lease $14.40/SF/yr · vacancy 7.00% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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 Avenue 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)
