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Property profile & analytics
FOR LEASE
Commercial real estate
2670 Chancellor Dr, Crestview Hills, KY 41017
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US34-0314434
For Lease
$4 SF/Yr
2670 Chancellor Dr, Crestview Hills, KY 41017
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Property summary
AI-generated overview
Chancellor Commons - Building B offers prime executive office space in Crestview Hills, Kentucky. This Class A building, constructed in 1989, boasts a total of 51,353 square feet and provides ample parking with 350 spaces. Currently, there is 15,235 square feet of vacant space available, divisible into units as small as 2,094 square feet, and offering contiguous space up to 13,320 square feet. The building is ideally suited for businesses seeking flexible and modern office accommodations. Its central Crestview Hills location provides easy access to major transportation routes and amenities. The multiple tenancy structure allows for a diverse and collaborative environment. The property's high-quality construction and convenient location make it an exceptional opportunity for businesses seeking a prestigious address and efficient workspace. Interested parties are encouraged to inquire about available space and lease terms. The address is 2670 Chancellor Drive, Crestview Hills, KY 41017.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Total area
51,362 SF
Lot
3.39 ac (147,538 SF)
APN
029-10-00-001.04
UPID
US34-0314434
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
AI Approach
AI
$5.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.67M
Blend (final)
Blend
$5.14M
Owner & transaction history
Cornertime LLC · 2 yrs held
Cornertime LLC
since 2024
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.8M
+76.3%
Office building
$6.4M
+67.5%
Retail stores
$4.5M
+17.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Crestview Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crestview Hills submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,140,000
ML approach
$5,140,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,835,000
Current use
RESTAURANT
$6,760,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$6,420,000
Change: +68% · Conversion: Easy
RETAIL STORES
$4,505,000
Change: +18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,160,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,005,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$5.14M
Range $4.63M – $5.65M · ±10% · vs last sale $5.14M (Feb 9 2024)
Last sale anchor
$5.14M
Feb 9 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$100 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$54,619
Tax year 2023
Assessed value
$5,123,700
Assessed 2023
Previous assessed
$5,123,700
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$576,000
Assessed improvement
$4,547,700
Land market value
$576,000
Improvement market value
$4,547,700
Total market value
$5,123,700
Applied tax rate
16.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1989
Heating
NONE
Total area
51,362 SF
Lot
3.39 ac (147,538 SF)
APN
029-10-00-001.04
UPID
US34-0314434
Jurisdiction
KENTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.8M
RESTAURANT
Est. value
$6.8M
OFFICE BUILDING
Est. value
$6.4M
RETAIL STORES
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$4.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Lot
3.39 ac
Current owner
From public records · entity-resolved
Cornertime LLC
Entity
Mailing address
2670 CHANCELLOR DR, CRESTVIEW HILLS, KY 41017-5466
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2024
—
Cornertime LLC
Whitehorse Freight LLC
Quit Claim Deed
related
—
Aug 10, 2022
$5,140,000
Whitehorse Freight LLC
Thomas More Hemmer II Ltd
Special Warranty Deed
$4,165,000 · Stock Yards Bank & Trust Co
Apr 18, 2019
—
Thomas More Of Hemmer II Ltd
—
Deed
related
$4,456,470 · Branch Bk&tr
Jan 9, 2017
—
Thomas More Of Hemmer II Ltd
Centre,thomas M Centre Of Hemmer
Quit Claim Deed
related
—
Dec 19, 2012
—
Thomas More Of Hemmer II Ltd
—
Deed Of Trust
related
$1,485,907 · Bank Of Kentucky
Jul 3, 2006
$38,000
Maple Street Homes LLC
Shadybrook LLC
Grant Deed
—
Jul 3, 2006
$31,000
Maple Street Homes LLC
Hasekoester-reese LLC
Grant Deed
—
—
—
Thomas More Of Hemmer II Ltd
—
Deed Of Trust
related
$4,456,470 · Branch Bk&tr
—
—
Thomas More Of Hemmer II Ltd
—
Deed Of Trust
related
$1,121,000 · Bank Of Ky
—
—
Thomas More Of Hemmer II Ltd
—
Deed Of Trust
related
$2,695,000 · Bank Of Ky
—
—
Fischer Management INC
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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