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    340 Thomas More Pkwy Crestview Hills, KY 41017

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    For Lease
    Contact for pricing

    Executive suites, high visibility, flexible space.

    Lot size:
    20,150 SF

    Property Features for 340 Thomas More Pkwy

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,150 SF
    Total Rate
    28461.88

    Building Details

    Year Built/Renovated
    2000/1998

    Spaces For Lease

    at 340 Thomas More Pkwy, Crestview Hills, KY 41017 Contact us
    Unit 350 TMP 100

    $16 /Mo

    Size
    4,625 SF
    Contact us
    Unit 350 TMP 110

    $16 /Mo

    Size
    1,543 SF
    Contact us
    Unit 350 TMP 120

    $16 /Mo

    Size
    1,499 SF
    Contact us
    Unit 350 TMP 130

    $16 /Mo

    Size
    3,196 SF
    Contact us
    Unit 350 TMP 200

    $16 /Mo

    Size
    6,313 SF
    Contact us
    Unit 340 TMP 100

    $16 /Mo

    Size
    11,459 SF
    Contact us
    Unit 340 TMP 210

    $16 /Mo

    Size
    2,349 SF
    Contact us
    Unit 340 TMP 220

    $16 /Mo

    Size
    1,294 SF
    Contact us
    Unit 340 TMP 200

    $16 /Mo

    Size
    4,423 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Fred Macke
    Fred Macke

    Listing Agency: Colliers - Cincinnati, Ohio Listing Agent: Fred Macke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Chapel Place Office Park, located at 340 Thomas More Parkway in Crestview Hills, Kentucky, presents a unique opportunity for businesses seeking premium office space. This 20,150 square foot office park, built in 2000 and renovated in 1998, offers a variety of executive office suites within a corporate campus setting. The property boasts high visibility and is ideally situated for convenient access to major transportation arteries, including I-71, I-75, and I-275, all within a 10-minute drive. Currently, there are 16,954 square feet of vacant space available, with a minimum divisible unit of 2,349 square feet and a maximum contiguous space of 8,292 square feet. Nine individual spaces ranging from 1,294 to 11,459 square feet are currently available. The property benefits from a desirable location near St. Elizabeth Medical Center and Thomas More College, offering employees convenient access to amenities. The building features custom-designed interiors and is part of a campus that includes access to sports and daycare facilities. The net lease rate is $16.95 per square foot. This Kenton County property (zip code 41017) offers a compelling combination of location, amenities, and flexible space options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Auto Repair Shop Dental Office Hair Salon Nail Salon Hotel & Motel Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crestview Hills
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5652431
    Latitude
    39.024199

    Nearby Similar for Lease

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      Crestview Hills Office Space

      Office spaces in a corporate campus setting near amenities.
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      Crestview Hills Office Space

      Office spaces in a corporate campus setting near St. Elizabeth.
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      Medical Office Space For Rent

      Medical office space near St. Elizabeth Hospital with highway access.
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    • Contact for pricing
      1,796 SF

      Office Space in Crestview Hills

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    • $4 SF/Yr
      51,362 SF

      Professional Office Suites For Rent

      Flexible office suites in Crestview Hills with tenant improvement allowance.
      2670 Chancellor Dr, Crestview Hills, KY 41017
      View Details
    • Contact for pricing
      8,000 SF

      Turnkey Restaurant Opportunity in Crestview

      8,000 SF restaurant space with FF&E included.
      2804 Turkeyfoot Rd, Crestview Hills, KY 41017
      View Details
    • Contact for pricing
      10,350 SF

      Class A Office Space Available

      High-visibility office space with abundant parking and tenant amenities.
      740 Centre View Blvd, Crestview Hills, KY 41017
      View Details

    FAQs

    What type of property is this?
    Office units - Executive suites, high visibility, flexible space.
    Where is this office units located?
    The property is located at 340 Thomas More Pkwy Crestview Hills, KY.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Convenient access to Cincinnati/Northern Kentucky International Airport.; Less than 10-minute drive to Downtown Cincinnati and I-71, I-75, and I-275 interstates.; High-visibility location.
    (513) 721-4200 Call to check price and availability
    Request Owner's contact information
    340 Thomas More Pkwy Crestview Hills, KY 41017
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    Crestview Hills, KY 41017
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    340 Thomas More Pkwy Crestview Hills, KY 41017
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Fred Macke
    Fred Macke
    Real Estate License ID: BRKP.0000234706
    (513) 721-4200 (513) 505-4200 (513) 562-2233
    Learn more
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