Office Units with
For Sale
Contact for pricing
8415 US Hwy 42, Florence, KY 41042
Office property with parking serving both clients and employees.
Property Size5,200 SF
Price / SF$346.15
Days on Market103
Property Features for 8415 US Hwy 42
General Information
Standard status
Active
Size
5,200 SF
Property subtype
OFFICE
Lease Type
NNN
Additional Details
Highway Access
Yes
Properties For Sale
at 8415 US Hwy 42
8415 US Hwy 42
AVAILABLE, Now
Floor
Bldg
Size
5,200 SF
Type
OFFICE
Lease Type
NNN
Sublease
No
High visibility from U.S. 42 Ample parking for clients and employees Convenient and inviting location.
Contact us
Listing Agency:
KW Northern Kentucky Commercial
(859) 652-4662
Listed By:
Derrick Plunkett · License #219608
(859) 620-5830
Source:
Moodyscre
Added: Jul 4
Changed: Oct 6
Last Checked: Oct 12 at 7:17PM
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.
The property at 8415 US Hwy 42 in Florence, KY, provides 5,200 square feet of office units. On-site parking is available for clients and employees, with visibility from U.S. 42.
Key Highlights
- 5,200 square feet of office units
- Located at 8415 US Hwy 42 in Florence, KY 41042
- Parking available for clients and employees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,707
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,314,140
$1.3M
Cap Rate 7%
$938,671
$938.7K
Cap Rate 9%
$730,078
$730.1K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$112.3K $21.60/SF
− Vacancy
−$24.7K −$4.75/SF
EGI
$87.6K $16.85/SF
− OpEx
−$21.9K −$4.21/SF
NOI
$65.7K $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%
$1,314,140
Cap Rate 7%
$938,671
Cap Rate 9%
$730,078
Alternative Uses
Best Use
Office B
$938.7K
$821.3K – $1.10M
NOI $65,707 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,339 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Office units - Office property with parking serving both clients and employees.
Where is this office units 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: 5,200 square feet of office units; Located at 8415 US Hwy 42 in Florence, KY 41042; Parking available for clients and employees
