Financial
Distress signals
Property profile

500 Meijer Dr Florence, KY 41042

FOR LEASE
Office buildings
Property ID
US34-0556422
55,104 SF 3.17 ac lot Built 2004
Last sale Sep 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
500 Meijer Dr, Florence, KY 41042 For Lease
$11.75 SF/Yr 17,103 SF available
500 Meijer Dr, Florence, KY 41042
View Listing

Property summary

AI-generated overview

The property consists of two separate office buildings with a combined total of 104,684 square feet. It is located at 500 & 600 Meijer Drive in Florence, Kentucky, in the Northern Kentucky region, and is situated within an Opportunity Zone designation. The two-building configuration creates a larger, combined office footprint for businesses seeking a multi-building commercial office setup.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$40k
Tax billed · 2023
Assessed value$4.20M
Assessed land$800k
Assessed improvement$3.40M
Effective rate0.95%

Value estimate

· Sep 2026
$6.21M
$5.59M – $6.83M
Sales comparison$6.10M
NOI build-up
Gross scheduled income$369k
Vacancy & credit loss−$81k
Operating expenses−$72k
NOI · 1,839,268.09% cap applied$216k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$133/SF
County average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$85 – $186

Cap rate analysis

How does the asset earn?
1,839,268.09%
$216k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBOONE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply13.3
Storage Facility11.5
Pawn Shop10.7

Location

500 Meijer Dr Florence, KY 41042
County assessor Recorded deeds · 2 transfers Comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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