2527 Nelson Miller PkwyLouisville, KY 40223

Property Details for 2527 Nelson Miller Pkwy

Year built

2005

Lot size

96.86 AC

Property size (Sq ft)

949 SF

Property type

Office properties

APN

21366300020006

APU

21366300020006

Description

This exceptional 964-square-foot executive office condo is ideally situated at 2527 Nelson Miller Parkway #206 in Louisville, Kentucky, within the desirable Anchorage Office Plaza development at the entrance to Eastpoint Business Park. Located on the second floor, this Class B office space boasts a contemporary, open layout perfect for a variety of business needs. The unit features a welcoming reception area, two private offices providing individual workspaces, a spacious collaborative open area for team interaction, a convenient kitchenette, and a restroom. The property sits on a 2.31-acre lot within a one-story, two-building complex and is zoned PEC. Its strategic location offers easy access to Gene Snyder Freeway via both New La Grange Road and Old Henry Road, ensuring convenient commutes for employees and clients. The asking price is $155,000, translating to $160.79 per square foot. Note that a similar unit directly below (#106) is also available for purchase, presenting an opportunity for acquiring a two-unit package. This turnkey office space is ready for immediate occupancy and represents a compelling investment opportunity in a thriving Louisville business district.

• CAP approach

  CAP return

  Valuation

  6%

  $192,007

  6.5%

  $177,238

  7%

  $164,578

• Comparable approach

  Method

  Valuation

  Relative Method

  $81,689.90

  Geo Method

  $81,689.90

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $340,213

  Retail / Commercial

  $176,168

  Mixed-Use / Specialty

  $176,886

  Hospitality / Lodging

  $131,529

  Institutional / Educational

  $184,372

  Residential Income

  $215,715

  Multifamily

  $251,253

  Automotive / Energy

  $158,033

  Parking / Income-Based Land

  $53,205.10

  Restaurant / Food Service

  $94,873.10

  Healthcare / Senior Housing

  $180,013

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2805

Longitude

-85.5137

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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