100 Envoy CirLouisville, KY 40299

Property Details for 100 Envoy Cir

Lot size

0.12 AC

Property type

Office properties

APN

22259600010000

APU

22259600010000

Description

This exceptional investment opportunity presents sixteen Class B office buildings totaling 83,328 square feet situated on a 7.62-acre lot in Louisville, KY. The property, located at 100 Envoy Cir, 40299, is zoned C2 and features two-story buildings with a diverse mix of tenants, ensuring a stable income stream. Approximately 80% renovated, this well-maintained complex boasts a high historical occupancy rate and offers significant potential for future rent growth. Tenant amenities include three furnished conference rooms, a common kitchen, and on-site property maintenance, including daily janitorial service. The park-like setting provides ample green space, enhancing the appeal for tenants and fostering a peaceful work environment. Conveniently located near I-64, the property offers easy access to major highways and is close to shopping and dining options. The sale includes buildings numbered 100, 200, 300, 400, 500, 600, 1100, 1200, 1300, 1400, 1500, 1600, 1800, 2100, 2200, and 2300 Envoy Circle. This portfolio represents a compelling opportunity for investors seeking a strong, established asset with significant upside potential. The asking price is $4,950,000.

• CAP approach

  CAP return

  Valuation

  6%

  $917,430

  6.5%

  $846,858

  7%

  $786,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $442,365

  Geo Method

  $442,365

• Alternative Use

  Use

  Valuation

  Residential

  $1,050,104

  Hospitality

  $961,890

  Educational

  $800,281

  Medical

  $827,804

  Retail

  $1,244,882

Location Insight

City

Jeffersontown

County

Jefferson

State

Kentucky

Latitude

38.2166

Longitude

-85.5775

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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