First-Floor Office
For Sale
$125,500
Pending
10525-10531 Timberwood Cir, Louisville, KY 40223
Accessible office condominium with private offices, reception, storage, and direct parking access.
Property Size752 SF
Days on Market450
Property Features for 10525-10531 Timberwood Cir
General Information
Standard status
Pending
Size
752 SF
Property subtype
Other
Zoning
R-3
Amenities
Power
Water
Sewer
Building Details
Year Built
1999
Listing Agency:
simpler.realestate
Listed By:
William Myers
(502) 639-5399
Source:
Kcrea.resimplifi
Added: Jul 30, 2025
Changed: Oct 14
Last Checked: Oct 20 at 5:08PM
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 simpler.realestate
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Investment Insights
Based on property information with market context.
This 752 SF first-floor office condominium includes three private offices, a reception area, a half bath, and substantial interior storage. The unit is handicap accessible and provides direct entry from the parking area. A separate storage area in the basement is included with the sale.
Constructed in 1999, the office has been maintained and improved by its original owner. The HVAC system was replaced in 2023, and the bathroom was updated the same year. The property is located at 10525-10531 Timberwood Cir in Louisville, Kentucky, and carries R-3 zoning.
Constructed in 1999, the office has been maintained and improved by its original owner. The HVAC system was replaced in 2023, and the bathroom was updated the same year. The property is located at 10525-10531 Timberwood Cir in Louisville, Kentucky, and carries R-3 zoning.
Key Highlights
- 752 SF first‑floor office condominium
- Three private offices plus reception area and half bath
- Direct access from parking and handicap accessibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,712
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,240
$194.2K
Cap Rate 7%
$138,743
$138.7K
Cap Rate 9%
$107,911
$107.9K
Market Conditions
NOI Build-Up for 752 SF
Gross rent
$15.8K $21.00/SF
− Vacancy
−$2.8K −$3.78/SF
EGI
$12.9K $17.22/SF
− OpEx
−$3.2K −$4.31/SF
NOI
$9.7K $12.92/SF
Area
Louisville, KY
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,240
Cap Rate 7%
$138,743
Cap Rate 9%
$107,911
Alternative Uses
Best Use
Office B
$138.7K
$121.4K – $161.9K
NOI $9,712 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$194.9K
$170.6K – $227.4K
NOI $13,644 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
Explore this area
Business Placement
Demographics for 40223, KY
23,227
Population
10,387
Households
2.2
Avg Household Size
42
Median Age
58%
College-Educated
97%
High-School Grad
12.1 sq mi
ZIP Area
1,920
Density / Sq Mi
$97,033
Median Household Income
$60,744
Median Earnings
$1,431
Median Rent
$343,600
Median Home Value
Market
Vacancy Rate% for Office in Louisville, KY
Frequently Asked Questions
What type of property is this?
Office unit - Accessible office condominium with private offices, reception, storage, and direct parking access.
Where is this office unit located?
The property is located at 10525-10531 Timberwood Cir Louisville, KY.
What is the asking price?
The asking price for this property is $125,500.
What are key features of this property?
This property features: 752 SF first‑floor office condominium; Three private offices plus reception area and half bath; Direct access from parking and handicap accessibility
