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    Property profile & analytics
    OFF-MARKET Estimated value $3,400,000
    Outlet malls

    6805 Houston Rd, Florence, KY 41042-5133

    18,232 SF 3 ac lot Built 2013
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US34-0620852
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 6805 Houston Rd, Florence, KY 41042, within the bustling Houston Shoppes neighborhood center in Boone County. The property offers a rare 2,405 square foot single-tenant space, boasting high visibility and excellent access for customers. Its in-line location within the center ensures strong foot traffic and exposure to a dense retail market. The property benefits from multiple points of ingress and egress, enhancing convenience for both customers and employees. Overhead signage opportunities are available, providing further visibility and branding potential. The surrounding tenancy is comprised of strong, creditworthy businesses, creating a desirable and stable retail environment. Daily traffic counts in the area exceed 22,000 vehicles, indicating a significant potential customer base. This property presents a unique chance to establish or expand a retail presence in a thriving Kentucky market. The property type is classified as Retail, Subtype: Neighborhood Center, and Tenancy: Single.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 2013
    Construction TYPE NOT SPECIFIED
    Total area 18,232 SF
    Lot 3 ac (130,680 SF)
    APN 061.00-37-002.00
    UPID US34-0620852
    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
    Current use
    Occupant on record · Public records
    • Panda Express Restaurant
    • Firehouse Subs Houston Shoppes Take-out & Catering
    • CoinFlip Bitcoin ATM Bank Loan Service
    • Cincinnati Tobacco & Vape (Bike/Boat/Book/etc) Store Alternative Medicine Practice
    • uBreakiFix - Phone and Computer Repair Tech Support Center (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $3.39M
    Comparable Approach Comparable
    $3.95M
    Blend (final) Blend
    $3.40M
    Owner & transaction history
    Houston Shoppes One LLC · 6 yrs held
    Houston Shoppes One LLC
    since 2020
    1 recorded transaction
    2020
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $4.6M +104.8%
    Commercial (general) $3.4M +52.3%
    Office building $2.4M +7.8%
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