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1536 Story Ave, Louisville, KY 40206

For sale office building priced for a 5.50% cap rate and totaling 16,227 SF.

Property Size16,227 SF
Days on Market133

Property Features for 1536 Story Ave

General Information

Standard status Active
Size 16,227 SF
Property subtype Office

Additional Details

Cap Rate 5.5%
Listing Agency: Matthews
Listed By: Kyle Matthews, CCIM · License #20170883
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 6:06AM

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 Matthews

Investment Insights

Based on property information with market context.

This for-sale office building presents a straightforward income-oriented profile with a stated 5.50% cap rate. The property totals 16,227 SF and is positioned for buyers seeking an office asset at a listed performance target.

The building is located at 1536 Story Ave in Louisville, KY 40206. Further details on specific suite configuration, current tenancy, and building condition were not provided in the available information.

Key Highlights

  • Office building for sale priced to provide a 5.50% cap rate
  • Total building size: 16,227 SF

Property Analytics

Current Use

The Eye Care Institute Medical Clinic Sean F. Murphy Ophthalmologist Huseman Kimberly OD Physician Dr. Carol Parker Physician The Eye Care Institute, ... Ophthalmologist

Suggested Use

Top Pick Dental Office Auto Parts Store Daycare Center (Bike/Boat/Book/etc) Store Home Appliance Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

999
Businesses Nearby

Demographics for 40206, KY

20,196
Population
11,637
Households
1.7
Avg Household Size
38
Median Age
55%
College-Educated
95%
High-School Grad
5.8 sq mi
ZIP Area
3,482
Density / Sq Mi
$72,543
Median Household Income
$48,506
Median Earnings
$1,142
Median Rent
$276,100
Median Home Value

Market

Vacancy Rate% for Office in Louisville, KY

12.4% 2019
14.8% 2020
14.3% 2021
15.4% 2022
16.3% 2023
15.7% 2024
18.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - For sale office building priced for a 5.50% cap rate and totaling 16,227 SF.
Where is this office building located?
The property is located at 1536 Story Ave Louisville, KY.
What are key features of this property?
This property features: Office building for sale priced to provide a 5.50% cap rate; Total building size: 16,227 SF
More about this property
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