Freestanding Office
For Sale
Contact for pricing
9625 Ormsby Station Rd, Louisville, KY 40223
PRO-zoned office property with private offices, meeting space, reception, and convenient regional highway access.
Property Size10,200 SF
Price / SF$0.00
Days on Market1866
Property Features for 9625 Ormsby Station Rd
General Information
Standard status
Active
Size
10,200 SF
Property subtype
Office
Zoning
PRO
Lease Type
Modified Gross
Amenities
Power
Water
Sewer
Building Details
Year Built
1995
Listing Agency:
CBRE Inc.
Listed By:
Rick Ashton
(502) 939-5018
Source:
Kcrea.resimplifi
Added: Sep 9, 2021
Changed: Oct 15
Last Checked: Oct 16 at 5:39AM
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 CBRE Inc.
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Investment Insights
Based on property information with market context.
Built in 1995, this freestanding office property contains 10,200 square feet with a practical mix of private offices, a conference room, work room, and reception area. The building also offers front-door parking, a lake view, and opportunities for building and monument signage.
The property is located within Hurstbourne Green Office Park, with access to I-264, I-64, and I-265. Restaurants, retail services, and hotels are nearby, supporting daily workplace needs and visitor convenience. The property carries PRO zoning.
The property is located within Hurstbourne Green Office Park, with access to I-264, I-64, and I-265. Restaurants, retail services, and hotels are nearby, supporting daily workplace needs and visitor convenience. The property carries PRO zoning.
Key Highlights
- 10,200‑square‑foot freestanding office building
- Built in 1995
- Private offices, conference room, work room, and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,733
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,634,660
$2.6M
Cap Rate 7%
$1,881,900
$1.9M
Cap Rate 9%
$1,463,700
$1.5M
Market Conditions
NOI Build-Up for 10,200 SF
Gross rent
$214.2K $21.00/SF
− Vacancy
−$38.6K −$3.78/SF
EGI
$175.6K $17.22/SF
− OpEx
−$43.9K −$4.31/SF
NOI
$131.7K $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%
$2,634,660
Cap Rate 7%
$1,881,900
Cap Rate 9%
$1,463,700
Alternative Uses
Best Use
Office B
$1.88M
$1.65M – $2.20M
NOI $131,733 @ 7.0% cap · market cap 634,857.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $185,069 @ 7.0% cap · market cap 891,898.80%
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
905
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
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 - PRO-zoned office property with private offices, meeting space, reception, and convenient regional highway access.
Where is this office building located?
The property is located at 9625 Ormsby Station Rd Louisville, KY.
What are key features of this property?
This property features: 10,200‑square‑foot freestanding office building; Built in 1995; Private offices, conference room, work room, and reception area
