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 Market65
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) 468-6799
Listed By:
TJ Schutte Jr · License #304174,KENTUCKY
Source:
Moodyscre
Added: May 29
Changed: Jul 31
Last Checked: Jul 31 at 10:24AM
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 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 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 | $181.4k | $21.60 |
| − Vacancy | −$36.3k | −$4.32 |
| EGI | $145.2k | $17.28 |
| − OpEx | −$36.3k | −$4.32 |
| NOI | $108.9k | $12.96 |
8,400 SF · lease $21.60/SF/yr · vacancy 20.00% · expense 25.00%
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.
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 - 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
