This three-story, Class B office building, totaling 45,000 square feet, is situated on three acres of land in Louisville, KY, zip code 40222. Built in 1999, the property offers multiple tenancy options with available spaces ranging from 2,000 to 14,563 square feet, ideal for businesses seeking traditional or executive office space. The building features 116 parking spaces and is zoned OR3. Its convenient location offers easy access to interstates I-264 (two miles) and I-64 (1.5 miles), providing excellent commuting options. Furthermore, the property boasts a wealth of nearby amenities, including restaurants, retail shops, fitness centers, and other services, creating a vibrant and convenient work environment. Monument signage is available for increased brand visibility. This well-maintained building presents a superior value proposition, combining a desirable east-end location with efficient office space.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$8,226,878
6.5%
$7,594,040
7%
$7,051,609
Comparable approach
Method
Valuation
Relative Method
$3,966,825
Geo Method
$3,966,825
Alternative Use
Use
Valuation
Residential
$9,416,610
Hospitality
$8,625,564
Educational
$7,176,368
Medical
$7,423,174
Retail
$11,163,240
Location Insight
City
Hurstbourne
County
Jefferson
State
Kentucky
Latitude
38.241
Longitude
-85.5816
CBSA code
31140
CBSA name
LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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