Covington Warehouse with 16'
For Sale
Contact for pricing
134 W 38th St, Covington, KY 41015
6,578 SF warehouse with 1 drive-in door.
Property Size6,578 SF
Price / SF$79.81
Days on Market782
Property Features for 134 W 38th St
General Information
Standard status
Active
Size
6,578 SF
Property subtype
Industrial
Building Details
Buildings
1
Stories
1
Listing Agency:
CURO | BRKG
Listed By:
Josh Niederhelman · License #KY 206691
(513) 999-2876
Source:
Crexi
Added: Aug 16, 2024
Changed: Sep 10
Last Checked: Oct 5 at 4:46PM
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 CURO | BRKG
Investment Insights
Based on property information with market context.
This 6,578 square foot warehouse measures 60 feet by 109 feet and features a 16-foot clear height. The construction consists of block and wood truss. It is equipped with gas unit heating and fluorescent tube lighting. The property includes one 12-foot by 16-foot drive-in door.
Key Highlights
- 6,578 sf total space
- 16’ clear height
- 60’ x 109’ dimensions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,637
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,740
$752.7K
Cap Rate 7%
$537,671
$537.7K
Cap Rate 9%
$418,189
$418.2K
Market Conditions
NOI Build-Up for 6,578 SF
Gross rent
$51.3K $7.80/SF
− Vacancy
−$7.0K −$1.07/SF
EGI
$44.3K $6.73/SF
− OpEx
−$6.6K −$1.01/SF
NOI
$37.6K $5.72/SF
Area
Kenton County, KY
Vacancy
13.70%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,740
Cap Rate 7%
$537,671
Cap Rate 9%
$418,189
Alternative Uses
Best Use
Warehouse
$537.7K
$470.5K – $627.3K
NOI $37,637 @ 7.0% cap · market cap 7.17%
Second Best
Industrial
$483.3K
$422.9K – $563.9K
NOI $33,833 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,871 @ 7.0% cap · market cap 22.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 41015, KY
21,599
Population
9,135
Households
2.4
Avg Household Size
39
Median Age
30%
College-Educated
90%
High-School Grad
25.4 sq mi
ZIP Area
850
Density / Sq Mi
$63,783
Median Household Income
$44,740
Median Earnings
$857
Median Rent
$176,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Extra Space Storage — 525 W 35th St, Covington, KY 41015
Frequently Asked Questions
What type of property is this?
Warehouse - 6,578 SF warehouse with 1 drive-in door.
Where is this warehouse located?
The property is located at 134 W 38th St Covington, KY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 6,578 sf total space; 16’ clear height; 60’ x 109’ dimensions
