Office Building Near
For Sale
$1,850,000
4001 Dupont Circle, Louisville, KY 40207
8,618 SF office building with convenient highway access.
Property Size8,618 SF
Lot Size1.18 Acres
Price / SF$214.67
Days on Market197
Property Features for 4001 Dupont Circle
General Information
Standard status
Active
Size
8,618 SF
Lot size
1.18 Acres
Property subtype
Office
Listed By:
Jeff Dreher
(502) 412-7610
Source:
Cbre
Added: Mar 25
Changed: Oct 3
Last Checked: Oct 7 at 9:17AM
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 Jeff Dreher
Investment Insights
Based on property information with market context.
This property features an 8,618-square-foot building situated on approximately 1.18 acres. Constructed in 1979 with an addition in 2003, the property is zoned C-2. It offers convenient access to I-264 and includes a surface lot with over 70 parking spaces. The location is approximately half a mile from I-264 at Breckenridge Lane, on Dupont Circle, near Norton Women's & Children's Hospital and U of L Health Medical Center East. The surrounding area includes numerous medical providers, restaurants, and retail amenities.
Key Highlights
- Convenient access to I‑264
- Zoned C‑2
- +70 parking spaces**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,301
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,226,020
$2.2M
Cap Rate 7%
$1,590,014
$1.6M
Cap Rate 9%
$1,236,678
$1.2M
Market Conditions
NOI Build-Up for 8,618 SF
Gross rent
$181.0K $21.00/SF
− Vacancy
−$32.6K −$3.78/SF
EGI
$148.4K $17.22/SF
− OpEx
−$37.1K −$4.31/SF
NOI
$111.3K $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%
$2,226,020
Cap Rate 7%
$1,590,014
Cap Rate 9%
$1,236,678
Alternative Uses
Best Use
Office B
$1.59M
$1.39M – $1.86M
NOI $111,301 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.23M
$1.95M – $2.61M
NOI $156,365 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,572
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 - 8,618 SF office building with convenient highway access.
Where is this office building located?
The property is located at 4001 Dupont Circle Louisville, KY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Convenient access to I‑264; Zoned C‑2; +70 parking spaces**
