Class A Single-Tenant Office
For Sale
$18,127,853
2201 High Wickham Pl, Louisville, KY 40245
Modern office investment with C1 zoning, a recent expansion, and convenient access to I-265 and I-64.
Property Size64,204 SF
Price / SF$282.35
Days on Market984
Property Features for 2201 High Wickham Pl
General Information
Standard status
Active
Size
64,204 SF
Class
Class A
Property subtype
Office
Zoning
C1
Additional Details
Highway Access
Yes
Amenities
landscaped courtyard
Water
Sewer
Building Details
Year Built
2019
Buildings
1
Tenancy
Single
Parking Ratio
4 per 1,000 SF
Listing Agency:
TRIO Commercial Property Group
Listed By:
Justin Baker · License #204053
(502) 645-1911
Source:
Kcrea.resimplifi
Added: Feb 5, 2024
Changed: Oct 10
Last Checked: Oct 16 at 5:53AM
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 64,204-square-foot office building was constructed in 2019 and is occupied by a single tenant, Cerity Partners. A recently completed 10,000-square-foot expansion adds to the contemporary workplace configuration and reflects continued investment in the property. The building includes a landscaped courtyard, along with monument and building signage opportunities.
Located at 2201 High Wickham Place in Louisville, the property offers access to I-265 and I-64, with restaurants and retail options nearby. A 4:1 parking ratio supports tenant and visitor needs. The property is zoned C1 and is offered as an office building investment sale.
Located at 2201 High Wickham Place in Louisville, the property offers access to I-265 and I-64, with restaurants and retail options nearby. A 4:1 parking ratio supports tenant and visitor needs. The property is zoned C1 and is offered as an office building investment sale.
Key Highlights
- 64,204‑square‑foot office building constructed in 2019
- Single‑tenant occupancy with Cerity Partners
- Recently completed 10,000‑square‑foot expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$781,812
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,636,240
$15.6M
Cap Rate 7%
$11,168,743
$11.2M
Cap Rate 9%
$8,686,800
$8.7M
Market Conditions
NOI Build-Up for 64,204 SF
Gross rent
$1.27M $19.80/SF
− Vacancy
−$228.8K −$3.56/SF
EGI
$1.04M $16.24/SF
− OpEx
−$260.6K −$4.06/SF
NOI
$781.8K $12.18/SF
Area
ZIP 40245
Vacancy
18.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,636,240
Cap Rate 7%
$11,168,743
Cap Rate 9%
$8,686,800
Alternative Uses
Best Use
Office B
$11.17M
$9.77M – $13.03M
NOI $781,812 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.72M
$13.75M – $18.34M
NOI $1,100,200 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Explore this area
Business Placement
Demographics for 40245, KY
37,866
Population
15,226
Households
2.5
Avg Household Size
41
Median Age
59%
College-Educated
97%
High-School Grad
32.6 sq mi
ZIP Area
1,162
Density / Sq Mi
$120,171
Median Household Income
$63,623
Median Earnings
$1,605
Median Rent
$432,900
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 building - Modern office investment with C1 zoning, a recent expansion, and convenient access to I-265 and I-64.
Where is this office building located?
The property is located at 2201 High Wickham Pl Louisville, KY.
What is the asking price?
The asking price for this property is $18,127,853.
What are key features of this property?
This property features: 64,204‑square‑foot office building constructed in 2019; Single‑tenant occupancy with Cerity Partners; Recently completed 10,000‑square‑foot expansion
