2031 Nelson Miller PkwyLouisville, KY 40223

Property Details for 2031 Nelson Miller Pkwy

Year built

1999

Lot size

2.05 AC

Property size (Sq ft)

14,400 SF

Zone code

PEC-PLANNED EMPLOYMENT CE

Property type

Office buildings

APN

21277500610000

APU

21277500610000

Description

This exceptional 21,600-square-foot executive office building presents a compelling investment opportunity in Louisville, Kentucky. Located at 2031 Nelson Miller Pkwy, this three-story building, constructed in 1999, sits on a 1.89-acre lot within the Planned Employment Center District (PEC). The property boasts 79 parking spaces, providing ample convenience for employees and visitors. The interior features improved offices, conference rooms, and open workspaces, ideal for a corporate headquarters or similar use. The building is equipped with an emergency IT/server backup generator, ensuring business continuity. The attractive landscaping and a walking path enhance the property's appeal. This owner-user investment is situated in the high-growth Eastpoint Business Center of Northeastern Jefferson County, offering easy access to major interstates and thoroughfares. The asking price is $2,925,000, translating to $135.42 per square foot. The property's APN is 277500610000. This is a rare opportunity to acquire a well-maintained, strategically located office building in a thriving business park. The property's size, amenities, and location combine to create a highly desirable commercial asset. The building's 14,400 square feet of office space is complemented by additional square footage suitable for various uses.

• CAP approach

  CAP return

  Valuation

  6%

  $2,570,732

  6.5%

  $2,372,983

  7%

  $2,203,484

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,239,552

  Geo Method

  $1,239,552

• Alternative Use

  Use

  Valuation

  Residential

  $2,942,499

  Hospitality

  $2,695,314

  Educational

  $2,242,469

  Medical

  $2,319,591

  Retail

  $3,488,285

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2735

Longitude

-85.5062

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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