2858-2862 Frankfort Ave, Louisville, KY
Modern, renovated office building with retail potential on Frankfort Avenue.
- Added:
- Sep 1, 2024
- Days on Market:
- 649
- Last Refresh:
- May 20 at 9:23 pm
Property Features for 2858-2862 Frankfort Ave
General Information
- Standard status
- Active
- Size
- 15,210 SF
- Lot size
- 0.21 Acres
- Property subtype
- OFFICE
Listing agent Sam F. Gray License #199565 (502) 523-8582
Listing office Commercial Kentucky, Inc. (502) 523-8582
Listing date Sep 1, 2024
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Commercial Kentucky, Inc.
HighLights
- Renovated in 2023, offering a modern, attractive office environment.
- Located on Frankfort Avenue, a desirable location.
- Flexible floorplans, tall ceilings, and exceptional natural light.
- 15,210 sf office building with two floors, a mezzanine, and a basement.
- First‑floor retail potential in addition to Class A office space.
- Convenient onsite parking.
Overview
Local 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 | $319.4k | $21.00 |
| − Vacancy | −$57.5k | −$3.78 |
| EGI | $261.9k | $17.22 |
| − OpEx | −$65.5k | −$4.31 |
| NOI | $196.4k | $12.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.6877
- Latitude
- 38.2546
