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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,967,410
6.5%
$2,739,150
7%
$2,543,500
Comparable approach
Method
Valuation
Relative Method
$2,354,800
Geo Method
$2,354,800
Alternative Use
Use
Valuation
Industrial / Distribution
$5,215,760
Mixed-Use / Specialty
$2,780,240
Hospitality / Lodging
$2,105,990
Office
$2,816,700
Institutional / Educational
$2,908,510
Residential Income
$3,402,960
Multifamily
$3,799,380
Automotive / Energy
$2,493,010
Parking / Income-Based Land
$810,061
Restaurant / Food Service
$1,554,570
Healthcare / Senior Housing
$2,798,930
Location Insight
City
Florence
County
Boone
State
Kentucky
Latitude
39.0113
Longitude
-84.6472
CBSA code
17140
CBSA name
CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
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Houston Rd Florence, KY 41042
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Houston Rd Florence, KY 41042
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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