First-Floor Office
For Sale
Contact for pricing
12808 Townepark Way, Louisville, KY 40243
Efficient office layout with private rooms, conference space, and a dedicated break area in a two-story brick building.
Property Size7,500 SF
Price / SF$0.00
Days on Market131
Property Features for 12808 Townepark Way
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Office
Zoning
C1
Lease Type
Modified Gross
Space & Availability
Floor
1
Space Use
Office
Private Offices
12
Meeting Rooms
1
Building Details
Year Built
1999
Stories
2
Construction
brick
Listing Agency:
NTS Development Co.
Listed By:
Mark Meredith
(502) 429-9827
Source:
Kcrea.resimplifi
Added: Jun 8
Changed: Oct 1
Last Checked: Oct 16 at 5:50AM
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 NTS Development Co.
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Investment Insights
Based on property information with market context.
This first-floor office condominium provides approximately 7,500 square feet within a two-story brick office building completed in 1999. The layout includes approximately 12 private offices, a large conference room, and a break room, creating a practical setting for professional operations. Building signage is available, and the lease structure is modified gross with HOA fees included. LG&E is separately metered and remains the tenant’s responsibility.
The property is located at 12808 Townepark Way in Middletown, Louisville, with access to surrounding business and retail amenities. Its ground-level placement and multi-room configuration offer a functional office environment for a range of professional users.
The property is located at 12808 Townepark Way in Middletown, Louisville, with access to surrounding business and retail amenities. Its ground-level placement and multi-room configuration offer a functional office environment for a range of professional users.
Key Highlights
- Approximately 7,500 square feet of first‑floor office space
- Approximately 12 private offices, plus a large conference room and break room
- Two‑story brick office building completed in 1999
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,863
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,937,260
$1.9M
Cap Rate 7%
$1,383,757
$1.4M
Cap Rate 9%
$1,076,256
$1.1M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$157.5K $21.00/SF
− Vacancy
−$28.4K −$3.78/SF
EGI
$129.2K $17.22/SF
− OpEx
−$32.3K −$4.31/SF
NOI
$96.9K $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%
$1,937,260
Cap Rate 7%
$1,383,757
Cap Rate 9%
$1,076,256
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,863 @ 7.0% cap · market cap 605,393.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,080 @ 7.0% cap · market cap 850,500.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,175
Businesses Nearby
Explore this area
Business Placement
Demographics for 40243, KY
11,521
Population
6,151
Households
1.9
Avg Household Size
44
Median Age
51%
College-Educated
97%
High-School Grad
4.1 sq mi
ZIP Area
2,810
Density / Sq Mi
$75,859
Median Household Income
$50,248
Median Earnings
$1,260
Median Rent
$297,900
Median Home Value
Market
Vacancy Rate% for Office in Louisville, KY
Frequently Asked Questions
What type of property is this?
Office units - Efficient office layout with private rooms, conference space, and a dedicated break area in a two-story brick building.
Where is this office units located?
The property is located at 12808 Townepark Way Louisville, KY.
What are key features of this property?
This property features: Approximately 7,500 square feet of first‑floor office space; Approximately 12 private offices, plus a large conference room and break room; Two‑story brick office building completed in 1999
