Tenant-Occupied Office
For Sale
Contact for pricing
8415 US Hwy 42, Florence, KY 41042
Office property with an established tenant in place and access to US Hwy 42.
Property Size10,400 SF
Price / SF$173.08
Days on Market98
Property Features for 8415 US Hwy 42
General Information
Standard status
Active
Size
10,400 SF
Property subtype
OFFICE
Listing Agency:
KW Northern Kentucky Commercial
(859) 652-4662
Listed By:
Derrick Plunkett · License #219608
(859) 620-5830
Source:
Moodyscre
Added: Jul 28
Changed: Oct 25
Last Checked: Nov 1 at 6:49AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,400-square-foot office building is located at 8415 US Hwy 42 in Florence, Kentucky. The property offers a substantial commercial footprint for office operations and is currently 100% tenant occupied.
Its position on US Hwy 42 provides direct roadway access in Florence, with connectivity to major transportation routes. The building’s existing occupancy and office classification support continued commercial use for an investor or owner-user evaluating an established office property.
Its position on US Hwy 42 provides direct roadway access in Florence, with connectivity to major transportation routes. The building’s existing occupancy and office classification support continued commercial use for an investor or owner-user evaluating an established office property.
Key Highlights
- 10,400 SF office building
- Currently 100% tenant occupied
- Located at 8415 US Hwy 42
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,414
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,628,280
$2.6M
Cap Rate 7%
$1,877,343
$1.9M
Cap Rate 9%
$1,460,156
$1.5M
Market Conditions
NOI Build-Up for 10,400 SF
Gross rent
$224.6K $21.60/SF
− Vacancy
−$49.4K −$4.75/SF
EGI
$175.2K $16.85/SF
− OpEx
−$43.8K −$4.21/SF
NOI
$131.4K $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%
$2,628,280
Cap Rate 7%
$1,877,343
Cap Rate 9%
$1,460,156
Alternative Uses
Best Use
Office B
$1.88M
$1.64M – $2.19M
NOI $131,414 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.87M
$2.51M – $3.34M
NOI $200,678 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
607
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office property with an established tenant in place and access to US Hwy 42.
Where is this office building located?
The property is located at 8415 US Hwy 42 Florence, KY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 10,400 SF office building; Currently 100% tenant occupied; Located at 8415 US Hwy 42
