328 Thomas More PkwyCrestview Hills, KY 41017

Property Details for 328 Thomas More Pkwy

Year built

1994

Lot size

0.12 AC

Property size (Sq ft)

5,143 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

829-10-00-007.05

APU

829100000705

Description

This exceptional 2,905 square foot office building is situated in Crestview Hills, Kentucky, offering a blend of medical and traditional office space. Located conveniently near Thomas More College and St. Elizabeth Hospital, with easy access to I-275, this three-story building presents a fantastic opportunity. The first floor comprises the entire 2,905 square feet, boasting ample natural light from numerous windows. Internal features include a kitchenette, three restrooms, emergency lighting, fire alarms, a sprinkler system, HVAC room, and an elevator for convenient access to all levels. Exterior amenities are equally impressive, featuring ample surface parking, an exterior awning for signage, and a prominent building monument sign. Recent upgrades include new furnaces (December 2019) and a new water heater (exact date not specified). The parking lot was resurfaced in the spring of 2020. This property is priced at $329,900 and offers a compelling combination of location, amenities, and recent improvements, making it an ideal investment for a variety of businesses. The building's prime location and modern features make it an attractive option for both medical and general office practices.

• CAP approach

  CAP return

  Valuation

  6%

  $759,499

  6.5%

  $701,076

  7%

  $650,999

• Comparable approach

  Method

  Valuation

  Relative Method

  $638,709

  Geo Method

  $638,709

• Alternative Use

  Use

  Valuation

  Residential

  $869,334

  Hospitality

  $796,305

  Educational

  $662,516

  Medical

  $685,301

  Retail

  $1,030,581

Location Insight

City

Crestview Hills

County

Kenton

State

Kentucky

Latitude

39.0248

Longitude

-84.5673

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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