Three-Level Office
For Sale
$1,425,000
147 Chenoweth Ln, Louisville, KY 40207
Single-tenant commercial office property with private rooms, collaborative areas, support spaces, and dedicated rear parking.
Property Size6,673 SF
Price / SF$213.55
Days on Market252
Property Features for 147 Chenoweth Ln
General Information
Standard status
Active
Size
6,673 SF
Net Rentable
6,673 SF
Total Parking Spaces
17
Property subtype
Office
Zoning
C1
Space & Availability
Available Space
6,673 SF
Contiguous Space
6,673 SF
Space Use
Office
Private Offices
11
Meeting Rooms
1
Additional Details
Road Access
Yes
Amenities
breakroom
storage room
private restrooms
reception area
balcony
Vacant
17 Parking Spaces
Building Details
Year Built
1984
Stories
3
Tenancy
Single Tenant
Building Size
6,673 SF
Listing Agency:
Horizon Commercial Realty, LLC
Listed By:
John Hollenbach · License #51989
(502) 821-4080
Source:
Kcrea.resimplifi
Added: Feb 4
Changed: Sep 14
Last Checked: Oct 12 at 4:39PM
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 Horizon Commercial Realty, LLC
Investment Insights
Based on property information with market context.
This 6,673-square-foot office building was constructed in 1984 and is arranged across three levels for single-tenant occupancy. The lower level includes a breakroom, storage room, four private offices, and two private restrooms. The first floor provides seven private offices, a conference room, reception area, open cubicle space, and a private restroom. A loft-style second floor adds open workspace, another private restroom, and a balcony.
The property is located at 147 Chenoweth Lane in Louisville’s St. Matthews submarket, within an established professional and residential corridor. The lease offering includes exclusive parking at the rear of the building, supporting convenient access for occupants and visitors.
The property is located at 147 Chenoweth Lane in Louisville’s St. Matthews submarket, within an established professional and residential corridor. The lease offering includes exclusive parking at the rear of the building, supporting convenient access for occupants and visitors.
Key Highlights
- 6,673‑square‑foot office building constructed in 1984
- Three‑level layout configured for single‑tenant occupancy
- Lower level includes four private offices, breakroom, storage, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,182
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,723,640
$1.7M
Cap Rate 7%
$1,231,171
$1.2M
Cap Rate 9%
$957,578
$957.6K
Market Conditions
NOI Build-Up for 6,673 SF
Gross rent
$140.1K $21.00/SF
− Vacancy
−$25.2K −$3.78/SF
EGI
$114.9K $17.22/SF
− OpEx
−$28.7K −$4.31/SF
NOI
$86.2K $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%
$1,723,640
Cap Rate 7%
$1,231,171
Cap Rate 9%
$957,578
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.44M
NOI $86,182 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,075 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,401
Businesses Nearby
Explore this area
Business Placement
Demographics for 40207, KY
30,104
Population
14,507
Households
2.1
Avg Household Size
43
Median Age
68%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
2,573
Density / Sq Mi
$98,583
Median Household Income
$59,242
Median Earnings
$1,248
Median Rent
$401,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Louisville, KY
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Frequently Asked Questions
What type of property is this?
Office building - Single-tenant commercial office property with private rooms, collaborative areas, support spaces, and dedicated rear parking.
Where is this office building located?
The property is located at 147 Chenoweth Ln Louisville, KY.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 6,673‑square‑foot office building constructed in 1984; Three‑level layout configured for single‑tenant occupancy; Lower level includes four private offices, breakroom, storage, and two restrooms
