4122 Shelbyville RdSaint Matthews, KY 40207

Property Details for 4122 Shelbyville Rd

Year built

1960

Lot size

1.76 AC

Property size (Sq ft)

20,985 SF

Zone code

OR3-OFFICE/RESIDENTIAL

Property type

Office buildings

APN

22002800100000

APU

22002800100000

Description

This exceptional 1,344 square foot medical office suite is located within the St. Matthews Healthcare Plaza, a two-building complex situated on a 1.76-acre lot (76,666 square feet total) at 4122 Shelbyville Rd, Louisville, KY 40207. The property, built in 1960 and renovated in 2006, boasts a Class B rating and offers convenient access from a signalized intersection at Shelbyville Rd & Thierman Ln. Ample parking is available for tenants and visitors. The suite itself benefits from recent upgrades and enjoys excellent visibility due to its prime location. The larger plaza features a total of 26,519 square feet and is zoned OR-3. The property is also available for purchase, presenting a compelling investment opportunity with a current Net Operating Income (NOI) of approximately $339,930.40, featuring annual rent increases and CAM bill-backs for existing tenants. The surrounding area offers numerous amenities, including shopping, dining, and fitness facilities. The potential exists to expand the building by approximately 4,000+ square feet at the front, facing Shelbyville Road. This suite is ideally suited for a dental practice, offering easy access and significant parking.

• CAP approach

  CAP return

  Valuation

  6%

  $3,974,746

  6.5%

  $3,668,996

  7%

  $3,406,925

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,806,389

  Geo Method

  $1,806,389

• Alternative Use

  Use

  Valuation

  Residential

  $4,549,556

  Hospitality

  $4,167,368

  Educational

  $3,467,202

  Medical

  $3,586,444

  Retail

  $5,393,424

Location Insight

City

Saint Matthews

County

Jefferson

State

Kentucky

Latitude

38.2513

Longitude

-85.6447

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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