First-Floor Office
For Sale
$302,500
415 E Market St, Louisville, KY 40202
Flexible first-floor workspace in the CBD with off-street parking available.
Property Size1,210 SF
Price / SF$250
Days on Market1066
Property Features for 415 E Market St
General Information
Standard status
Active
Size
1,210 SF
Property subtype
Office
Zoning
C3-O
Amenities
Water
Sewer
Listing Agency:
TRIO Commercial Property Group
Listed By:
Justin Baker · License #204053
(502) 645-1911
Source:
Kcrea.resimplifi
Added: Nov 16, 2023
Changed: Oct 7
Last Checked: Oct 16 at 5:38AM
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 TRIO Commercial Property Group
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Investment Insights
Based on property information with market context.
This 1,210 SF first-floor office unit at 415 E Market St offers an open configuration that can be arranged for a range of office functions. The property is zoned C3-O and includes access to off-street parking.
The unit is situated in Louisville’s CBD, next to Angel’s Envy’s new expansion project. Hotels, Class A apartments, and restaurants are nearby, while Interstate access is convenient. The property information also identifies redevelopment potential for office, hospitality, or multifamily use.
The unit is situated in Louisville’s CBD, next to Angel’s Envy’s new expansion project. Hotels, Class A apartments, and restaurants are nearby, while Interstate access is convenient. The property information also identifies redevelopment potential for office, hospitality, or multifamily use.
Key Highlights
- 1,210 SF first‑floor office unit
- Open layout with flexible office configuration
- Zoned C3‑O
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,627
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,540
$312.5K
Cap Rate 7%
$223,243
$223.2K
Cap Rate 9%
$173,633
$173.6K
Market Conditions
NOI Build-Up for 1,210 SF
Gross rent
$25.4K $21.00/SF
− Vacancy
−$4.6K −$3.78/SF
EGI
$20.8K $17.22/SF
− OpEx
−$5.2K −$4.31/SF
NOI
$15.6K $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%
$312,540
Cap Rate 7%
$223,243
Cap Rate 9%
$173,633
Alternative Uses
Best Use
Office B
$223.2K
$195.3K – $260.5K
NOI $15,627 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.6K
$274.4K – $365.9K
NOI $21,954 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,270
Businesses Nearby
Explore this area
Business Placement
Demographics for 40202, KY
7,179
Population
4,242
Households
1.7
Avg Household Size
39
Median Age
27%
College-Educated
83%
High-School Grad
1.6 sq mi
ZIP Area
4,487
Density / Sq Mi
$29,382
Median Household Income
$33,205
Median Earnings
$881
Median Rent
$340,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Louisville, KY
Frequently Asked Questions
What type of property is this?
Office units - Flexible first-floor workspace in the CBD with off-street parking available.
Where is this office units located?
The property is located at 415 E Market St Louisville, KY.
What is the asking price?
The asking price for this property is $302,500.
What are key features of this property?
This property features: 1,210 SF first‑floor office unit; Open layout with flexible office configuration; Zoned C3‑O
