12214 Aiken RdLouisville, KY 40223

Property Details for 12214 Aiken Rd

Year built

2001

Lot size

0.99 AC

Property size (Sq ft)

6,000 SF

Zone code

M2-INDUSTRIAL

Property type

Office buildings

APN

21002306940000

APU

21002306940000

Description

This Middletown, KY office building offers 6,000 square feet of flexible space, ideal for a variety of uses. Currently configured as a multi-tenant property, 1,500 square feet of vacant space is immediately available on a minimum divisible basis. The building features two stories and is classified as Class B. The vacant space is located within a larger building, and while needing some updates, lease terms can be negotiated to accommodate tenant improvements. The existing tenant on the first floor is a chiropractic office currently under build-out, and the second floor is fully leased. This 0.97-acre property is conveniently located in the Middletown submarket, offering easy access to Commercial Drive, the Gene Snyder Freeway, and nearby amenities such as the Kroger center on Shelbyville Road. The property's zoning is M-2, and the APN is 002306940000. The building is suitable for traditional office, coworking, medical office, creative office, or executive office uses. The maximum contiguous space available is 1,500 square feet. This presents a unique opportunity for a business seeking a well-located, adaptable office space in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,071,138

  6.5%

  $988,743

  7%

  $918,118

• Comparable approach

  Method

  Valuation

  Relative Method

  $516,480

  Geo Method

  $516,480

• Alternative Use

  Use

  Valuation

  Residential Income

  $1,226,041

  Hospitality / Lodging

  $1,123,047

  Institutional / Educational

  $934,362

  Healthcare / Senior Housing

  $966,496

  Retail / Commercial

  $1,453,452

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2477

Longitude

-85.5158

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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