Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    230 Thomas More Pkwy Crestview Hills, KY 41017-3424

    • Medical offices
    • 3,105 SF
    • 1.11 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0240153
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 230 Thomas More Pkwy

    Year built
    1985
    Lot size
    1.11 lot acres
    Property size
    3,105 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    829-10-00-013.04
    APU
    829100001304

    Description

    This exceptional 4,576 square foot medical office condo, located at 230 Thomas More Parkway in Crestview Hills, Kentucky, presents a unique investment opportunity. Built in 1985, this Class C property features a spacious lobby with a dedicated receptionist area, multiple exam rooms, versatile office spaces, and training rooms, making it ideal for a variety of medical uses. The convenient location offers easy access to I-275 and I-75, ensuring excellent accessibility for patients and staff. Ample on-site parking is available at both the front and rear of the building, providing convenient access for all. The property is situated on a ground lease with 50 years remaining. The permitted zoning is PO-1, allowing for outpatient substance abuse treatment facilities, with conditional use permitting inpatient substance abuse treatment facilities. The property includes two entrances for enhanced convenience. This single-unit condo is offered at $457,600 and boasts the APN 829-10-00-013.04. The property's layout and zoning make it a highly attractive option for medical professionals seeking a well-equipped and strategically located practice space. This turnkey opportunity is ready for immediate occupancy. The zip code is 41017.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Crestview Hills
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5691
    Latitude
    39.0243
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,104
    $0.00
    $385,000
    $385,000
    -
    $0.00
    $385,000
    $385,000

    Comparable in this City

    • Value Estimation by Request

      1 Medical Vlg Dr1-n

      MEDICAL BUILDING
      1 Medical Vlg Dr1-n, Edgewood, KY 41017-3403
      View Details
    • Value Estimation
      $1,195,000
      20,700 SF

      375 Thomas More Pkwy

      MEDICAL BUILDING • 20,700 SF
      375 Thomas More Pkwy, Crestview Hills, KY 41017-2176
      View Details
    • Value Estimation by Request
      2,409 SF

      2865 Chancellor Dr, Unit 6A

      MEDICAL BUILDING • 2,409 SF
      2865 Chancellor Dr, Crestview Hills, KY 41017-3912
      View Details
    • Value Estimation
      $755,000
      13,978 SF

      210 Thomas More Pkwy

      MEDICAL BUILDING • 13,978 SF
      210 Thomas More Pkwy, Crestview Hills, KY 41017-3429
      View Details
    • Value Estimation by Request
      5,143 SF

      328 Thomas More Pkwy, Unit 1

      MEDICAL BUILDING • 5,143 SF
      328 Thomas More Pkwy, Crestview Hills, KY 41017-3488
      View Details
    • Value Estimation by Request
      4,880 SF

      2465 Dixie Hwy

      MEDICAL BUILDING • 4,880 SF
      2465 Dixie Hwy, Ft Mitchell, KY 41017-2116
      View Details

    Similar Nearby for Sale

    • $575,000
      5,000 SF

      Move-in Ready Commercial Property, Edgewood

      Flexible commercial space in a desirable Edgewood location.
      170 Barnwood Dr, Edgewood, KY 41017
      View Details
    • $1,500,000
      7,100 SF

      Medical Office Building For Sale

      Single tenant medical office building leased to Hopebridge Autism Therapy.
      2904 Foltz Dr, Edgewood, KY 41017
      View Details
    • $337,000
      2,142 SF

      Crestview Hills Medical Office Condo

      2,142 SF medical office condo for sale.
      2865 Chancellor Dr, Crestview Hills, KY 41017
      View Details
    • $349,900
      2,500 SF

      Commercial Condo in Fort Mitchell

      Commercial condo with flexible floor plan in Fort Mitchell, KY.
      2370 Grandview Dr, Covington, KY 41017
      View Details
    • $249,900
      1,500 SF

      Commercial Condo in Fort Mitchell

      Commercial condo space suitable for various business types.
      2370 Grandview Dr, Covington, KY 41017
      View Details
    • $269,000
      1,406 SF

      Crestview Hills Office Condo

      Ground floor office condo suitable for medical or general office use.
      559 Centre View Blvd, Crestview Hills, KY 41017
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      6,947 SF

      Medical/Office Space Near Major Routes

      Crestview Hills medical/office space with highway access.
      210 Thomas More Pkwy, Crestview Hills, KY 41017
      View Details
    • $1,100,470
      5,530 SF

      Medical Office Space For Rent

      Medical office space near St. Elizabeth Hospital with highway access.
      2701 Chancellor Dr, Crestview Hills, KY 41017
      View Details
    • $16 SF/Yr
      20,150 SF

      Chapel Place Office Park: Premier KY Offices

      Executive suites, high visibility, flexible space.
      340 Thomas More Pkwy, Crestview Hills, KY 41017
      View Details
    • Contact for pricing
      1,796 SF

      Office Space in Crestview Hills

      Office space available near I-275 and Crestview Hills Town Center.
      536-580 Centre View Blvd, Crestview Hills, KY 41017
      View Details
    • $16 SF/Yr
      4,423 SF

      Crestview Hills Office Space

      Office spaces in a corporate campus setting near St. Elizabeth.
      340-350 Thomas More Pkwy, Crestview Hills, KY 41017
      View Details
    • $12 SF/Yr
      2,108 SF

      Office Space with Highway Visibility

      Office space for lease with on-site amenities and management.
      250 Grandview Dr, Ft Mitchell, KY 41017
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    230 Thomas More Pkwy
    Crestview Hills, KY 41017-3424
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.