Freestanding Office
For Sale
$385,000
Pending
117 Wiltshire Ave, Louisville, KY 40207
Additional second-floor and lower-level areas extend the building beyond its documented first-floor space.
Property Size1,300 SF
Days on Market8
Property Features for 117 Wiltshire Ave
General Information
Standard status
Pending
Size
1,300 SF
Property subtype
Office
Zoning
C1
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Buildings
1
Listing Agency:
Hoagland Commercial
Listed By:
Brooks Hower · License #72257
(502) 593-3304
Source:
Kcrea.resimplifi
Added: Oct 6
Changed: Oct 13
Last Checked: Oct 13 at 2:22AM
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 Hoagland Commercial
Investment Insights
Based on property information with market context.
This freestanding office property has 1,300 SF on the first floor. Additional second-floor space is not included in that figure, and the property also has space on the lower level. C-1 zoning applies to the site.
Rear private parking is being expanded to 4 spaces, with access to street parking as well. Retailers and other amenities are within walking distance.
Rear private parking is being expanded to 4 spaces, with access to street parking as well. Retailers and other amenities are within walking distance.
Key Highlights
- 1,300 SF on the first floor; second‑floor area is excluded from that figure
- Additional space on the second floor and lower level
- Rear private parking being expanded to 4 spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,790
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,800
$335.8K
Cap Rate 7%
$239,857
$239.9K
Cap Rate 9%
$186,556
$186.6K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$27.3K $21.00/SF
− Vacancy
−$4.9K −$3.78/SF
EGI
$22.4K $17.22/SF
− OpEx
−$5.6K −$4.31/SF
NOI
$16.8K $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%
$335,800
Cap Rate 7%
$239,857
Cap Rate 9%
$186,556
Alternative Uses
Best Use
Office B
$239.9K
$209.9K – $279.8K
NOI $16,790 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.0K
$294.8K – $393.1K
NOI $23,587 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,692
Businesses Nearby
Explore this area
Business Placement
Demographics for 40207, KY
30,104
Population
14,507
Households
2.1
Avg Household Size
43
Median Age
68%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
2,573
Density / Sq Mi
$98,583
Median Household Income
$59,242
Median Earnings
$1,248
Median Rent
$401,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Louisville, KY
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Frequently Asked Questions
What type of property is this?
Office building - Additional second-floor and lower-level areas extend the building beyond its documented first-floor space.
Where is this office building located?
The property is located at 117 Wiltshire Ave Louisville, KY.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,300 SF on the first floor; second‑floor area is excluded from that figure; Additional space on the second floor and lower level; Rear private parking being expanded to 4 spaces
