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    Industrial Office Flex Facility Title is generated by Realmo AI

    7375 INDUSTRIAL RD, Florence, KY 41042

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    Industrial and office flex facility with heavy power, 3-ton bridge crane, and specialized hazmat and test space.

    Type:Retail
    Property size:
    281,894 SF
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 4:13 am

    Property Features for 7375 INDUSTRIAL RD

    General Information

    Standard status
    Active
    Size
    281,894 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1966

    We can help!

    Listing Contact
    Roddy MacEachen
    Roddy MacEachen

    Listing agent Roddy MacEachen License #OH SAL.2010001717

    Listing office SqFt Commercial

    Listing date May 29, 2026

    Source Crexi

    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 SqFt Commercial

    HighLights

    • Industrial and office facility built in 1966 with 281,894 SF
    • Heavy power with bus duct & power drops throughout the warehouse area
    • Includes one (1) 3‑ton bridge crane
    • Warehouse HVAC in majority of area plus a hazmat room, pre‑treatment rooms, and test cell area
    • Former powder coating, sand blasting, and painting areas with prior lines for argon, nitrogen, and CO2
    • Zoned Boone County, I‑2; utilities include Duke Energy (gas & electric), Northern Kentucky Water District, and Sanitation District #1

    Overview

    This offering is an industrial, office, and flex-style facility totaling 281,894 SF, featuring heavy power distribution including bus duct and power drops throughout. The building includes 100% HVAC in the majority of the warehouse area, along with specialized supporting spaces such as a hazmat room, pre-treatment rooms, and a test cell area. Historical industrial use areas are reflected in prior powder coating, sand blasting, and painting spaces, and there are prior lines for Argon, Nitrogen, and CO2 systems. One 3-ton bridge crane is included, supporting material handling needs within the industrial layout.

    The property is located in unincorporated Boone County, minutes to I-71/75 and I-275, and about 8 miles from CVG International Airport, which includes the Amazon Prime Air Hub and DHL Americas Air Hub. Utilities include Duke Energy for gas and electric, Northern Kentucky Water District, and Sanitation District #1.

    Given the included heavy power, HVAC coverage, crane capacity, and dedicated hazmat and test cell areas, this facility may fit manufacturers, industrial operators, or other users needing specialized process space alongside office accommodations. The property is listed as available for immediate occupancy, and zoning is Boone County I-2.
    Location Intelligence

    Current Use by Public Records

    HDT Expeditionary Systems, ... Environmental Engineer HDT Global Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mardis & Meyers Catering — 7602 Dixie Hwy, Florence, KY 41042

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Boone
    State
    Kentucky
    Longitude
    -84.628691
    Latitude
    38.978735

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    FAQs

    What type of property is this?
    Flex space - Industrial and office flex facility with heavy power, 3-ton bridge crane, and specialized hazmat and test space.
    Where is this flex space located?
    The property is located at 7375 INDUSTRIAL RD Florence, KY.
    What are key features of this property?
    This property features: Industrial and office facility built in 1966 with 281,894 SF; Heavy power with bus duct & power drops throughout the warehouse area; Includes one (1) 3‑ton bridge crane
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Roddy MacEachen
    Roddy MacEachen
    Real Estate License ID: OH SAL.2010001717
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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