CBD-Zoned Office
For Sale
Contact for pricing
916 Monmouth St, Newport, KY 41071
CBD-zoned office property with on-site parking and flexible commercial space.
Property Size8,400 SF
Price / SF$226.07
Days on Market158
Property Features for 916 Monmouth St
General Information
Standard status
Active
Size
8,400 SF
Total Parking Spaces
25
Property subtype
OFFICE
Zoning
CBD
Listing Agency:
KW Northern Kentucky Commercial
(859) 652-4662
Listed By:
TJ Schutte Jr · License #304174,KENTUCKY
(859) 468-6799
Source:
Moodyscre
Added: May 29
Changed: Oct 25
Last Checked: Nov 1 at 5:44AM
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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Investment Insights
Based on property information with market context.
This office building offers 8,400 SF of space in a versatile commercial configuration. The property includes a 25-space parking lot and is zoned CBD, supporting office and other commercial leasing applications within the designated district. The public remarks also identify 7,400 SF of space available for lease, while the 8,400 SF building is offered for sale.
Located at 916 Monmouth St in Newport, Kentucky, the property places an office asset on a city street with dedicated on-site parking. Its combination of building area, parking, and CBD zoning provides a straightforward commercial property profile for an owner-user, investor, or leasing strategy.
Located at 916 Monmouth St in Newport, Kentucky, the property places an office asset on a city street with dedicated on-site parking. Its combination of building area, parking, and CBD zoning provides a straightforward commercial property profile for an owner-user, investor, or leasing strategy.
Key Highlights
- 8,400 SF office building offered for sale
- 7,400 SF of versatile space identified for lease
- CBD zoning supports commercial leasing applications
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,864
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,177,280
$2.2M
Cap Rate 7%
$1,555,200
$1.6M
Cap Rate 9%
$1,209,600
$1.2M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$181.4K $21.60/SF
− Vacancy
−$36.3K −$4.32/SF
EGI
$145.2K $17.28/SF
− OpEx
−$36.3K −$4.32/SF
NOI
$108.9K $12.96/SF
Area
Campbell County, KY
Vacancy
20.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,177,280
Cap Rate 7%
$1,555,200
Cap Rate 9%
$1,209,600
Alternative Uses
Best Use
Office B
$1.56M
$1.36M – $1.81M
NOI $108,864 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.30M
$2.02M – $2.69M
NOI $161,280 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,148
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - CBD-zoned office property with on-site parking and flexible commercial space.
Where is this office building located?
The property is located at 916 Monmouth St Newport, KY.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: 8,400 SF office building offered for sale; 7,400 SF of versatile space identified for lease; CBD zoning supports commercial leasing applications
