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316 Spangler Dr 2,730 SF Office Building Richmond, KY 40475 $799,000 ($292.67/SF) 6.60% Cap Rate
Executive Summary
Net leased investment opportunity
Newly built medical building with 11+ years remaining on lease
Located off Eastern Bypass/Route 876 which sees 32,000+ VPD
Forefront Dermatology, in partnership with Dermatology Consultants, manages more than 230 clinics across 26 states, making it the largest provider of dermatology services in the U.S.
Newly built medical building with 11+ years remaining on lease
Located off Eastern Bypass/Route 876 which sees 32,000+ VPD
Forefront Dermatology, in partnership with Dermatology Consultants, manages more than 230 clinics across 26 states, making it the largest provider of dermatology services in the U.S.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,730 SF
Building Class
C
Year Built
2021
Price
$799,000
Price Per SF
$292.67
Cap Rate
6.60%
NOI
$52,734
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,730 SF
Building FAR
0.15
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Parking
15 Spaces (5.49 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R002-0013-0001-02 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $661,301 |
Property Taxes
Parcel Number
R002-0013-0001-02
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$661,301
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316 Spangler Dr
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