Property profile

21 Shelby St Florence, KY 41042

OFF-MARKET
Auto shops
Property ID
US34-0107305
1,968 SF Built 1994
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 21 Shelby St, Florence, KY 41042, presents a compelling investment opportunity. The 1,968 square foot building, constructed in 1994 and renovated that same year, sits on a 0.29-acre lot (APN: 061.01-26-006.00). Currently zoned FMS, it offers a versatile layout suitable for a variety of commercial uses, including office and auto shop spaces. The property boasts ample parking, a significant advantage for both employees and clients. Its strategic location in Boone County provides easy access to major transportation arteries and highways, ensuring convenient commutes and efficient logistics. The building's proximity to key business centers and amenities further enhances its appeal. This well-maintained property is move-in ready, offering immediate occupancy and the potential for a high return on investment in a thriving market. The asking price is $575,000, translating to $292.17 per square foot. This represents a strong value proposition for investors seeking a profitable commercial venture in a desirable Kentucky location.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1994
Construction TYPE NOT SPECIFIED
Total area 1,968 SF
APN 061.01-26-006.00
UPID US34-0107305

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Location

21 Shelby St Florence, KY 41042-1612
Florence metro Census 70101 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2025
Last sale
$400,000
2 recorded transactions
2025
$400,000
2014
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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