Multi-Tenant Office
For Sale
$2,395,000
1313 Lyndon Lane, Louisville, KY 40222
Office property offers building and monument signage near Westport Village.
Property Size16,287 SF
Price / SF$147.05
Days on Market152
Property Features for 1313 Lyndon Lane
General Information
Standard status
Active
Size
16,287 SF
Class
C
Property subtype
Office - General Office
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
visible signage on both the building and monument
Building Details
Building Size
16,287 SF
Tenancy
Multi
Listing Agency:
Hoagland Commercial Realtors
(704) 840-5460
Listed By:
Chapman Silander · License #252813
Source:
Commercialcafe
Added: Apr 2
Changed: Aug 30
Last Checked: Aug 30 at 1:40AM
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 Hoagland Commercial Realtors
Investment Insights
Based on property information with market context.
The Lyndon Professional Building is a 16,287± square foot office property with a multi-tenant configuration. Its building and monument signage provide on-site identification for occupants and visitors.
Positioned across from Westport Village, the property connects directly to Westport Road and sits 0.7 miles from I-264. The address is 1313 Lyndon Lane in Louisville, Kentucky, placing the office asset within the Lyndon submarket.
Positioned across from Westport Village, the property connects directly to Westport Road and sits 0.7 miles from I-264. The address is 1313 Lyndon Lane in Louisville, Kentucky, placing the office asset within the Lyndon submarket.
Key Highlights
- 16,287± SF multi‑tenant office property
- Building and monument signage included
- Across from Westport Village
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
$210,347
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
8.78%
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%
$4,206,940
$4.2M
Cap Rate 7%
$3,004,957
$3.0M
Cap Rate 9%
$2,337,189
$2.3M
Market Conditions
NOI Build-Up for 16,287 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
$342.0K $21.00/SF
− Vacancy
−$61.6K −$3.78/SF
EGI
$280.5K $17.22/SF
− OpEx
−$70.1K −$4.31/SF
NOI
$210.3K $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 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%
$4,206,940
Cap Rate 7%
$3,004,957
Cap Rate 9%
$2,337,189
Alternative Uses
Best Use
Office B
$3.00M
$2.63M – $3.51M
NOI $210,347 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.22M
$3.69M – $4.93M
NOI $295,511 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
Explore this area
Business Placement
Demographics for 40222, KY
21,725
Population
10,953
Households
2
Avg Household Size
40
Median Age
57%
College-Educated
96%
High-School Grad
9.5 sq mi
ZIP Area
2,287
Density / Sq Mi
$81,623
Median Household Income
$54,592
Median Earnings
$1,326
Median Rent
$347,000
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 building - Office property offers building and monument signage near Westport Village.
Where is this office building located?
The property is located at 1313 Lyndon Lane Louisville, KY.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: 16,287± SF multi‑tenant office property; Building and monument signage included; Across from Westport Village
