Tenant-Occupied Office
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For Sale
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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 Market4
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) 620-5830
Listed By:
Derrick Plunkett · License #219608
(859) 620-5830
Source:
Moodyscre
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 12:53PM
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
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 For Office B
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 | $224.6k | $21.60 |
| − Vacancy | −$49.4k | −$4.75 |
| EGI | $175.2k | $16.85 |
| − OpEx | −$43.8k | −$4.21 |
| NOI | $131.4k | $12.64 |
10,400 SF · lease $21.60/SF/yr · vacancy 22.00% · expense 25.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
435
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
