First-Floor Office
For Sale
$260,000
13000 Equity Pl Ste 106, Louisville, KY 40223
Efficient office layout with private rooms, reception space, on-site conveniences, and parking directly at the entrance.
Property Size1,507 SF
Days on Market61
Property Features for 13000 Equity Pl Ste 106
General Information
Standard status
Active
Size
1,507 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,507 SF
Year Built
2005
Listing Agency:
(502) 550-7773
Listed By:
Patti Evans
(502) 550-7773
Source:
Duncancre
Added: Jul 4
Changed: Aug 29
Last Checked: Sep 1 at 3:28PM
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 Patti Evans
Investment Insights
Based on property information with market context.
This first-floor office unit provides 1,507 square feet arranged around a reception area, coffee bar, six private offices, and three storage closets. The space also includes an undercounter refrigerator, microwave, and dedicated mail cabinet. New windows are scheduled for installation on July 30th, with the seller covering the cost, and the roof was replaced in 2024.
The property is located at 13000 Equity Pl Ste 106 in Louisville, Kentucky, and is zoned OR3. Parking is available at the door, providing direct access for occupants and visitors. Built in 2005, the unit combines a defined office layout with supporting storage and break-area features.
The property is located at 13000 Equity Pl Ste 106 in Louisville, Kentucky, and is zoned OR3. Parking is available at the door, providing direct access for occupants and visitors. Built in 2005, the unit combines a defined office layout with supporting storage and break-area features.
Key Highlights
- 1,507 SF first‑floor office unit
- Six private offices with reception area and coffee bar
- Three storage closets plus dedicated mail cabinet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,463
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$389,260
$389.3K
Cap Rate 7%
$278,043
$278.0K
Cap Rate 9%
$216,256
$216.3K
Market Conditions
NOI Build-Up for 1,507 SF
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.
Gross rent
$31.6K $21.00/SF
− Vacancy
−$5.7K −$3.78/SF
EGI
$26.0K $17.22/SF
− OpEx
−$6.5K −$4.31/SF
NOI
$19.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$389,260
Cap Rate 7%
$278,043
Cap Rate 9%
$216,256
Alternative Uses
Best Use
Office B
$278.0K
$243.3K – $324.4K
NOI $19,463 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$390.6K
$341.8K – $455.7K
NOI $27,343 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,031
Businesses Nearby
Explore this area
Business Placement
Demographics for 40223, KY
23,227
Population
10,387
Households
2.2
Avg Household Size
42
Median Age
58%
College-Educated
97%
High-School Grad
12.1 sq mi
ZIP Area
1,920
Density / Sq Mi
$97,033
Median Household Income
$60,744
Median Earnings
$1,431
Median Rent
$343,600
Median Home Value
Market
Vacancy Rate% for Office in Louisville, KY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Efficient office layout with private rooms, reception space, on-site conveniences, and parking directly at the entrance.
Where is this office units located?
The property is located at 13000 Equity Pl Ste 106 Louisville, KY.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1,507 SF first‑floor office unit; Six private offices with reception area and coffee bar; Three storage closets plus dedicated mail cabinet
