Multi-Tenant Office Building For
105 Lyndon Lane Louisville, KY 40222
For Sale
$1,700,000
Two-building office property near Shelbyville Road and Hurstbourne Parkway.
Property Size10,235 SF
Lot Size0.94 Acres
Price / SF$166.10
Days on Market125
Property Features for 105 Lyndon Lane
General Information
Standard status
Active
Size
10,235 SF
Lot size
0.94 Acres
Property subtype
Office
Listing Agency:
(502) 412-7659
Listed By:
Michael Somervell
(502) 412-7659
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 27 at 7:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michael Somervell
Investment Insights
Based on property information with market context.
The property at 105 Lyndon Lane features two structures: a two-story, multi-tenant office building with approximately 9,087 square feet and a standalone office building offering approximately 1,148 square feet. The multi-tenant building is currently leased to 12 separate tenants under short-term leases. The building can continue to operate as a multi-tenanted property or be renovated for single-tenant occupancy. Situated on 0.94 acres, the property includes 49 parking spaces. The location provides signage opportunities with direct visibility from Shelbyville Road. The property is located across Shelbyville Road from the Hurstbourne neighborhood and Country Club, near the intersection of Shelbyville Road and Lyndon Lane. It is approximately 1 mile from both I-264 and Hurstbourne Parkway, providing convenient access to numerous retail amenities in the area.
Key Highlights
- Excellent signage opportunities with direct visibility from Shelbyville Road.
- Easy access to I‑264.
- Located near Hurstbourne neighborhood and Country Club.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $214.9k | $21.00 |
| − Vacancy | −$38.7k | −$3.78 |
| EGI | $176.2k | $17.22 |
| − OpEx | −$44.1k | −$4.31 |
| NOI | $132.2k | $12.92 |
10,235 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.89M
$1.65M – $2.20M
NOI $132,185 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,704 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-building office property near Shelbyville Road and Hurstbourne Parkway.
Where is this office building located?
The property is located at 105 Lyndon Lane Louisville, KY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Excellent signage opportunities with direct visibility from Shelbyville Road.; Easy access to I‑264.; Located near Hurstbourne neighborhood and Country Club.
