Historic Office Building for
For Sale
Contact for pricing
912 Monmouth St, Newport, KY 41071
Historic office building available at 912 Monmouth St in Newport, KY, zoned CBD.
Property Size6,535 SF
Price / SF$168.32
Days on Market65
Property Features for 912 Monmouth St
General Information
Standard status
Active
Size
6,535 SF
Property subtype
OFFICE
Listing Agency:
KW Northern Kentucky Commercial
(859) 468-6799
Listed By:
TJ Schutte Jr · License #304174,KENTUCKY
Source:
Moodyscre
Added: May 29
Changed: Jul 26
Last Checked: Aug 1 at 3:06AM
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.
An historic office building totaling 6,535 square feet is available for sale at 912 Monmouth St in Newport, KY. The property also offers 5,995 square feet available for lease, supporting multiple leasing configurations depending on tenant needs. The building is presented as having historic character, and it is zoned CBD.
The CBD zoning is intended to support a broad range of commercial uses within the central business district. Availability includes both a for-sale option for the full building and a leasing option for a large portion of space, making the property suitable for tenants or buyers looking for flexibility in an established commercial area.
The CBD zoning is intended to support a broad range of commercial uses within the central business district. Availability includes both a for-sale option for the full building and a leasing option for a large portion of space, making the property suitable for tenants or buyers looking for flexibility in an established commercial area.
Key Highlights
- Historic office building at 912 Monmouth St in Newport, KY
- 6,535 sq ft building available for sale
- 5,995 sq ft available for lease
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 | $141.2k | $21.60 |
| − Vacancy | −$28.2k | −$4.32 |
| EGI | $112.9k | $17.28 |
| − OpEx | −$28.2k | −$4.32 |
| NOI | $84.7k | $12.96 |
6,535 SF · lease $21.60/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,694 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,472 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,326
Businesses Nearby
Explore this area
Business Placement
Demographics for 41071, KY
19,796
Population
10,883
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
3,599
Density / Sq Mi
$58,329
Median Household Income
$44,836
Median Earnings
$1,047
Median Rent
$186,000
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 - Historic office building available at 912 Monmouth St in Newport, KY, zoned CBD.
Where is this office building located?
The property is located at 912 Monmouth St Newport, KY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Historic office building at 912 Monmouth St in Newport, KY; 6,535 sq ft building available for sale; 5,995 sq ft available for lease
