Medical Office with Exam
For Sale
Contact for pricing
7510-7512 Hwy 42, Florence, KY 41042
The professional office layout includes dedicated examination rooms for patient visits.
Property Size6,572 SF
Price / SF$197.81
Days on Market9
Property Features for 7510-7512 Hwy 42
General Information
Standard status
Active
Size
6,572 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
KW Northern Kentucky Commercial
(859) 652-4662
Listed By:
TJ Schutte Jr · License #304174,KENTUCKY
(859) 468-6799
Source:
Moodyscre
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 8:20PM
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 Northern Kentucky Commercial
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 medical office space contains 6,572 square feet and is configured with seven examination rooms. Its professional office layout supports medical service use, with dedicated rooms for patient visits alongside office space.
Key Highlights
- Seven examination rooms
- 6,572 square feet of medical office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,044
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,660,880
$1.7M
Cap Rate 7%
$1,186,343
$1.2M
Cap Rate 9%
$922,711
$922.7K
Market Conditions
NOI Build-Up for 6,572 SF
Gross rent
$142.0K $21.60/SF
− Vacancy
−$31.2K −$4.75/SF
EGI
$110.7K $16.85/SF
− OpEx
−$27.7K −$4.21/SF
NOI
$83.0K $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%
$1,660,880
Cap Rate 7%
$1,186,343
Cap Rate 9%
$922,711
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.38M
NOI $83,044 @ 7.0% cap · market cap 6.39%
Second Best
Healthcare Medical
$1.14M
$1.00M – $1.33M
NOI $80,098 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$1.81M
$1.59M – $2.11M
NOI $126,813 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,145
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
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Florence Veterinary Hospital — 7801 US-42, Florence, KY 41042
- MILA International, Inc. — 7984 Tanners Gate Ln, Florence, KY 41042
- Shelby Street Veterinary Hospital — 7220 Burlington Pike, Florence, KY 41042
- Noah's Ark Animal Clinic of Florence — 7025 Burlington Pike, Florence, KY 41042
Frequently Asked Questions
What type of property is this?
Medical Office Space - The professional office layout includes dedicated examination rooms for patient visits.
Where is this medical office space located?
The property is located at 7510-7512 Hwy 42 Florence, KY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Seven examination rooms; 6,572 square feet of medical office space
