Renovated Office
For Sale
Contact for pricing
1161 E Broadway, Louisville, KY 40204
Flexible professional workspace with multiple private rooms, meeting areas, kitchen facilities, and designated on-site parking.
Property Size4,659 SF
Price / SF$2.15
Days on Market231
Property Features for 1161 E Broadway
General Information
Standard status
Active
Size
4,659 SF
Total Parking Spaces
4
Property subtype
Office
Zoning
OR3
Lease Type
Gross
Listing Agency:
Winner Realty
Listed By:
Madison Meredith · License #279604
(502) 974-1401
Source:
Kcrea.resimplifi
Added: Feb 27
Changed: Oct 9
Last Checked: Oct 16 at 5:44AM
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 Winner Realty
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Investment Insights
Based on property information with market context.
Located at 1161 E Broadway in Louisville, this renovated office building is configured for professional users with seven private rooms, two separate living areas, and three full bathrooms. The interior also includes a full kitchen with new appliances and granite countertops, a second kitchenette, and multiple dining or conference areas that support varied day-to-day operations.
The property offers designated on-site parking for up to four vehicles, with additional street parking available. Downtown Louisville is approximately 5 minutes away, while the Expo Center and Louisville International Airport are approximately 10 and 15 minutes away, respectively. The property is identified with OR3 zoning, and select furnishings may remain in place.
The property offers designated on-site parking for up to four vehicles, with additional street parking available. Downtown Louisville is approximately 5 minutes away, while the Expo Center and Louisville International Airport are approximately 10 and 15 minutes away, respectively. The property is identified with OR3 zoning, and select furnishings may remain in place.
Key Highlights
- Seven private rooms for professional office use
- Three full bathrooms and two separate living areas
- Renovated kitchen with new appliances and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,171
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,203,420
$1.2M
Cap Rate 7%
$859,586
$859.6K
Cap Rate 9%
$668,567
$668.6K
Market Conditions
NOI Build-Up for 4,659 SF
Gross rent
$97.8K $21.00/SF
− Vacancy
−$17.6K −$3.78/SF
EGI
$80.2K $17.22/SF
− OpEx
−$20.1K −$4.31/SF
NOI
$60.2K $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%
$1,203,420
Cap Rate 7%
$859,586
Cap Rate 9%
$668,567
Alternative Uses
Best Use
Office B
$859.6K
$752.1K – $1.00M
NOI $60,171 @ 7.0% cap · market cap 601.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,533 @ 7.0% cap · market cap 845.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,823
Businesses Nearby
Explore this area
Business Placement
Demographics for 40204, KY
14,600
Population
8,759
Households
1.7
Avg Household Size
38
Median Age
63%
College-Educated
97%
High-School Grad
3.2 sq mi
ZIP Area
4,563
Density / Sq Mi
$70,706
Median Household Income
$50,246
Median Earnings
$1,225
Median Rent
$314,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Louisville, KY
Frequently Asked Questions
What type of property is this?
Office building - Flexible professional workspace with multiple private rooms, meeting areas, kitchen facilities, and designated on-site parking.
Where is this office building located?
The property is located at 1161 E Broadway Louisville, KY.
What are key features of this property?
This property features: Seven private rooms for professional office use; Three full bathrooms and two separate living areas; Renovated kitchen with new appliances and granite countertops
