11 Spiral DrFlorence, KY 41042

  • Office buildings
  • 32,024 SF
For Lease
$8.95/SF/YR View listing

Property Details for 11 Spiral Dr

Year built
1988
Construction
TYPE NOT SPECIFIED
Lot size
3.03 AC
Property size (Sq ft)
32,024 SF
Property type
Office buildings
APN
061.00-11-011.02
APU
61001101102

Description

This exceptional single-tenant property at 11 Spiral Drive in Florence, Kentucky, offers 1,625 square feet of versatile space, ideal for businesses needing both office and warehouse functionality. Located in the vibrant city of Florence, KY, 41042, this property boasts a highly convenient location, just 0.6 miles from the I-71/I-75 interchange, providing easy access to major transportation routes and significantly reducing commute times for employees and clients. The property's classification as both office and industrial space allows for a flexible layout to accommodate a variety of business needs. The building's total square footage is not currently specified, but the available space is entirely vacant and ready for immediate occupancy. This presents a unique opportunity for a business seeking a well-situated, functional space to establish or expand its operations. The property's address is 11 Spiral Dr, Florence, KY 41042, and its geographic coordinates are 39.0184398 latitude and -84.6406368 longitude. Given its proximity to major highways and the readily available space, this property represents a compelling investment opportunity for businesses seeking a strategic location in the Florence, Kentucky area. The single-tenant occupancy ensures a streamlined and efficient operational environment. The property is ready for immediate move-in. Contact us today to schedule a viewing.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,729,182
    6.5%
    $4,365,398
    7%
    $4,053,584
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,977,060
    Geo Method
    $3,977,060
  • Alternative Use

    Use
    Valuation
    Residential Income
    $5,413,094
    Hospitality / Lodging
    $4,958,365
    Institutional / Educational
    $4,125,302
    Healthcare / Senior Housing
    $4,267,177
    Retail / Commercial
    $6,417,136

Location Insight

City
Florence
County
Boone
State
Kentucky
Latitude
39.0185
Longitude
-84.6407
CBSA code
17140
CBSA name
CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,535
$326,000
$1,674,000
$2,000,000
-
$326,000
$1,674,000
$2,000,000

FAQs

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