Office Unit with Private
10839 Bluegrass Parkway, Jeffersontown, KY 40299
For Sale
Contact for pricing
Pending
Functional office configuration with kitchenette, full bathroom, storage, and separate front and rear access.
Property Size1,321 SF
Days on Market110
Property Features for 10839 Bluegrass Parkway
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Built
Listing Agency:
Horizon Commercial Realty
Listed By:
Nathan Mosley · License KY #274893
(502) 550-1194
Source:
Crexi
Added: Jul 28
Changed: Nov 6
Last Checked: Nov 14 at 4:46AM
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 Horizon Commercial Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,321-square-foot office unit, built in 1981, provides a practical layout for professional operations. The suite includes four private offices, with one larger room suitable for conference use, plus a kitchenette, full bathroom, closet storage, and entrances at both the front and rear. The property is identified as PEC zoning.
The office is positioned within Bluegrass Industrial Park at the intersection of Bluegrass Parkway and Watterson Trail. Its Louisville location provides access to I-64 while placing the property within an established industrial park setting.
The office is positioned within Bluegrass Industrial Park at the intersection of Bluegrass Parkway and Watterson Trail. Its Louisville location provides access to I-64 while placing the property within an established industrial park setting.
Key Highlights
- 1,321 SF office unit in Bluegrass Industrial Park
- Four private offices, including a larger conference room‑capable office
- Kitchenette, full bathroom, and closet storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,598
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,960
$312.0K
Cap Rate 7%
$222,829
$222.8K
Cap Rate 9%
$173,311
$173.3K
Market Conditions
NOI Build-Up for 1,321 SF
Gross rent
$25.4K $19.20/SF
− Vacancy
−$4.6K −$3.46/SF
EGI
$20.8K $15.74/SF
− OpEx
−$5.2K −$3.94/SF
NOI
$15.6K $11.81/SF
Area
ZIP 40299
Vacancy
18.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,960
Cap Rate 7%
$222,829
Cap Rate 9%
$173,311
Alternative Uses
Best Use
Office B
$222.8K
$195.0K – $260.0K
NOI $15,598 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$323.4K
$283.0K – $377.3K
NOI $22,637 @ 7.0% cap · market cap 11.38%
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
695
Businesses Nearby
Explore this area
Business Placement
Demographics for 40299, KY
43,030
Population
17,567
Households
2.4
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
54.0 sq mi
ZIP Area
797
Density / Sq Mi
$85,419
Median Household Income
$50,427
Median Earnings
$1,290
Median Rent
$274,900
Median Home Value
Market
Average Price Trend$/SF for Office Units in Jefferson County, KY
Properties on Market for Office Units in Jefferson County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Functional office configuration with kitchenette, full bathroom, storage, and separate front and rear access.
Where is this office unit located?
The property is located at 10839 Bluegrass Parkway Jeffersontown, KY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,321 SF office unit in Bluegrass Industrial Park; Four private offices, including a larger conference room‑capable office; Kitchenette, full bathroom, and closet storage
