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Property profile & analytics
OFF-MARKET
Land

10216 Sherwood Lakes Dr Florence, KY 41042

13.59 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 13.59-acre parcel presents a remarkable development opportunity in Florence, Kentucky. Located at 10216 Sherwood Lake Dr NE, Boone County, zip code 41042 (latitude 38.9495172, longitude -84.6294878), this property is uniquely positioned for significant growth. The land is zoned for multifamily use, offering considerable flexibility for various residential projects. Pre-approved plans allow for the construction of up to 200 multifamily units, 120 ranch-style condos, or 36 units of special needs housing. This represents a rare chance to capitalize on the strong demand for housing in this area. The site's adjacency to the Sherwood Lakes Apartment Community provides a built-in advantage, leveraging existing infrastructure and community presence. Furthermore, its excellent access to I-75 ensures convenient connectivity to major transportation routes, enhancing its appeal to potential residents and investors. This is the last remaining parcel available for development in this prime location, making it a truly exclusive investment opportunity. Don't miss this chance to acquire a substantial land holding with pre-approved plans, ready for immediate development.

Property profile
Verified
Property type Land
Lot 13.59 ac (591,980 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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