Industrial Building in Bluegrass
10005 Bunsen Way Louisville, KY 40299
For Sale
$2,000,000
22,469 SF industrial building on 1.28 acres for sale.
Property Size22,469 SF
Lot Size1.28 Acres
Price / SF$89.01
Days on Market112
Property Features for 10005 Bunsen Way
General Information
- Standard status
- Active
- Size
- 22,469 SF
- Lot size
- 1.28 Acres
- Property subtype
- Vacant-User
Building Details
- Year Built
- 1971
Listing Agency:
Columbus Office
(614) 360-9055
Listed By:
Nathan Pealer · License #License(s): OH: SAL.2022004241
(614) 360-9055
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 10
Last Checked: Jul 21 at 3:08AM
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 Columbus Office
Investment Insights
Based on property information with market context.
This is a 22,469 square foot industrial building situated on 1.28 acres within the Bluegrass Research & Industrial Park. The property is intended for industrial use.
Key Highlights
- 22,469 square foot industrial building
- Located in the desirable Bluegrass Research & Industrial Park
- 1.28 acre lot
Financial Insights For Industrial
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 | $137.5k | $6.12 |
| − Vacancy | −$5.6k | −$0.25 |
| EGI | $131.9k | $5.87 |
| − OpEx | −$39.6k | −$1.76 |
| NOI | $92.3k | $4.11 |
22,469 SF · lease $6.12/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.32M
$1.15M – $1.54M
NOI $92,311 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.50M
$4.81M – $6.42M
NOI $385,029 @ 7.0% cap · market cap 19.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kentucky Grip & Lighting
Film Production
Kevin Crisp Productions
Film Production
Ironbridge Productions
Film Production
Big Sky Digital ...
Film Production
OHD Studios
Film Production
FAQs
What type of property is this?
Industrial property - 22,469 SF industrial building on 1.28 acres for sale.
Where is this industrial property located?
The property is located at 10005 Bunsen Way Louisville, KY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 22,469 square foot industrial building; Located in the desirable Bluegrass Research & Industrial Park; 1.28 acre lot
