10002 Shelbyville RdBlue Ridge Manor, KY 40223

Property Details for 10002 Shelbyville Rd

Year built

1982

Lot size

2.64 AC

Property size (Sq ft)

27,978 SF

Zone code

OR3-OFFICE/RESIDENTIAL

Property type

Office buildings

APN

22003000160000

APU

22003000160000

Description

This exceptional two-story office building, situated on a 2.52-acre lot in Louisville's desirable East End, presents a compelling investment opportunity. Boasting 27,978 square feet of versatile space, this Class B property is ideally suited for executive or mid-size businesses. The building features a park-like setting along Shelbyville Road, offering a tranquil and professional environment. Ample on-site parking accommodates over 100 vehicles, ensuring convenient access for employees and clients. Its prime location provides easy access to major retailers, shopping centers, and key highways including I-264, I-64, and I-71, maximizing accessibility and visibility. The building includes an elevator and two staircases for efficient movement between floors. Recent improvements include a new roof installed in June 2024, demonstrating a commitment to maintaining the property's high standards. The property is zoned OR-3 and benefits from high daily traffic volume on Shelbyville Road, exceeding 34,440 cars per day. This turnkey office building offers a blend of convenience, accessibility, and a desirable location, making it an attractive investment prospect. The building was constructed in 1982 and offers a modified lease type. This property is located at 10002 Shelbyville Rd, Louisville, KY 40223.

• CAP approach

  CAP return

  Valuation

  6%

  $4,994,718

  6.5%

  $4,610,508

  7%

  $4,281,186

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,408,346

  Geo Method

  $2,408,346

• Alternative Use

  Use

  Valuation

  Residential

  $5,717,030

  Hospitality

  $5,236,770

  Educational

  $4,356,930

  Medical

  $4,506,772

  Retail

  $6,777,448

Location Insight

City

Blue Ridge Manor

County

Jefferson

State

Kentucky

Latitude

38.2443

Longitude

-85.5683

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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