6-Office Professional
For Sale
Contact for pricing
1222 E Broadway, Louisville, KY 40204
OR3-zoned property combines private rooms, full bathrooms, and a kitchen in a flexible professional layout.
Property Size3,358 SF
Price / SF$0.00
Days on Market240
Property Features for 1222 E Broadway
General Information
Standard status
Active
Size
3,358 SF
Property subtype
Office
Zoning
OR3
Lease Type
NNN
Amenities
Full Kitchen / Breakroom
Listing Agency:
Winner Realty
Listed By:
Madison Meredith · License #279604
(502) 974-1401
Source:
Kcrea.resimplifi
Added: Feb 24
Changed: Oct 16
Last Checked: Oct 20 at 5:17PM
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.
This 3,358 SF office property includes six private rooms, three full bathrooms, and a full kitchen that can also serve as a breakroom. The layout supports professional or creative use, and select furnishings may remain in place. The property is currently operating as a short-term rental with an established rental history and guest-ready setup.
Located on E Broadway in Louisville’s Highlands, the property is near restaurants, coffee shops, boutique retail, parks, and professional services. Downtown Louisville and the Convention Center are approximately 5 minutes away, with the Expo Center about 10 minutes away. Louisville International Airport and Churchill Downs are each approximately 15 minutes away. Street parking is available, with weekday restrictions on E Broadway.
Located on E Broadway in Louisville’s Highlands, the property is near restaurants, coffee shops, boutique retail, parks, and professional services. Downtown Louisville and the Convention Center are approximately 5 minutes away, with the Expo Center about 10 minutes away. Louisville International Airport and Churchill Downs are each approximately 15 minutes away. Street parking is available, with weekday restrictions on E Broadway.
Key Highlights
- 3,358 SF office property with six private rooms
- OR3 zoning with a flexible professional or creative layout
- Three full bathrooms and a full kitchen/breakroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,853
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,060
$457.1K
Cap Rate 7%
$326,471
$326.5K
Cap Rate 9%
$253,922
$253.9K
Market Conditions
NOI Build-Up for 3,358 SF
Gross rent
$43.9K $13.08/SF
− Vacancy
−$2.4K −$0.71/SF
EGI
$41.6K $12.37/SF
− OpEx
−$18.7K −$5.57/SF
NOI
$22.9K $6.81/SF
Area
Louisville, KY
Vacancy
5.40%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,060
Cap Rate 7%
$326,471
Cap Rate 9%
$253,922
Alternative Uses
Best Use
Office B
$619.6K
$542.1K – $722.8K
NOI $43,369 @ 7.0% cap · market cap 279,800.00%
Second Best
Apartment 5plus
$326.5K
$285.7K – $380.9K
NOI $22,853 @ 7.0% cap · market cap 147,438.71%
Theoretical Best
Office A
$870.4K
$761.6K – $1.02M
NOI $60,928 @ 7.0% cap · market cap 393,083.87%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,743
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
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
Frequently Asked Questions
What type of property is this?
Office unit - OR3-zoned property combines private rooms, full bathrooms, and a kitchen in a flexible professional layout.
Where is this office unit located?
The property is located at 1222 E Broadway Louisville, KY.
What are key features of this property?
This property features: 3,358 SF office property with six private rooms; OR3 zoning with a flexible professional or creative layout; Three full bathrooms and a full kitchen/breakroom
