103 Barnes RdWilliamstown, KY 41097
- Medical offices
- 16,545 SF
Property Details for 103 Barnes Rd
- Year built
- 2008
- Construction
- STEEL FRAME
- Lot size
- 3.34 AC
- Property size (Sq ft)
- 16,545 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 058-00-00-005.03
- APU
- 58000000503
Description
This fee-simple, 16,385 square-foot shopping center in Williamstown, Kentucky, offers a compelling investment opportunity. Anchored by a credit-rated DaVita Dialysis clinic, the property boasts 95% occupancy and a strong NOI of $186,389, resulting in an 8.53% cap rate. The six-unit center features a mix of medical and neighborhood service tenants, providing diversified income streams. Built in 2008, the property sits on a 2.34-acre lot with commercial zoning. The lease structure is net-net, with staggered lease rollovers and built-in rent increases. Its convenient location, less than a quarter-mile from I-75, ensures high visibility and accessibility, serving the suburbs of both Cincinnati and Lexington. The property's strong tenant mix, including a major credit-rated anchor tenant, presents a stable and attractive investment profile for a 1031 exchange. The asking price is $2,145,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,443,302
- 6.5%
- $2,255,356
- 7%
- $2,094,259
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,054,724
- Geo Method
- $2,054,724
-
Alternative Use
- Use
- Valuation
- Residential
- $2,796,641
- Hospitality
- $2,561,708
- Educational
- $2,131,311
- Medical
- $2,204,610
- Retail
- $3,315,373
Location Insight
- City
- Williamstown
- County
- Grant
- State
- Kentucky
- Latitude
- 38.6519
- Longitude
- -84.5795
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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