230 Thomas More PkwyCrestview Hills, KY 41017

Property Details for 230 Thomas More Pkwy

Year built

1985

Lot size

1.11 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $519,672

  6.5%

  $479,698

  7%

  $445,434

• Comparable approach

  Method

  Valuation

  Relative Method

  $385,610

  Geo Method

  $385,610

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $888,269

  Retail / Commercial

  $466,491

  Mixed-Use / Specialty

  $473,489

  Hospitality / Lodging

  $358,661

  Institutional / Educational

  $495,334

  Residential Income

  $579,540

  Multifamily

  $647,053

  Automotive / Energy

  $424,572

  Parking / Income-Based Land

  $137,957

  Restaurant / Food Service

  $264,750

  Healthcare / Senior Housing

  $476,672

Location Insight

City

Crestview Hills

County

Kenton

State

Kentucky

Latitude

39.0243

Longitude

-84.5691

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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