Office Building with Private Office
For Sale
$947,500
202 N Mulberry St, Elizabethtown, KY 42701
Office building in downtown Elizabethtown with multiple private office suites, central foyer, and strong on-site parking.
Property Size4,756 SF
Price / SF$199.22
Days on Market106
Property Features for 202 N Mulberry St
General Information
Standard status
Active
Size
4,756 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Building Size
4,756 SF
Listing Agency:
KELLER WILLIAMS HEARTLAND
(270) 986-7296
Listed By:
The Brantingham Group Team
Source:
Exprealty
Added: Apr 16
Changed: Jul 30
Last Checked: Jul 30 at 4:43AM
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 KELLER WILLIAMS HEARTLAND
Investment Insights
Based on property information with market context.
Located in the core of downtown Elizabethtown at 202 N Mulberry Street, this well-appointed office building offers approximately 4,756 square feet of flexible space. The interior layout includes multiple private office suites, expansive reception areas, and an impressive central foyer designed to support a polished arrival experience.
Each level is equipped with two restrooms, offering convenience for both single-tenant occupancy and a multi-tenant configuration. The arrangement allows for professional tenants on the main level and second floor.
The property is also supported by strong road frontage and an exceptional volume of on-site parking within the downtown corridor. It provides immediate proximity to the Hardin County Courthouse and walkability to local dining, retail, and business services, with seamless access to I-65 for regional connectivity.
Each level is equipped with two restrooms, offering convenience for both single-tenant occupancy and a multi-tenant configuration. The arrangement allows for professional tenants on the main level and second floor.
The property is also supported by strong road frontage and an exceptional volume of on-site parking within the downtown corridor. It provides immediate proximity to the Hardin County Courthouse and walkability to local dining, retail, and business services, with seamless access to I-65 for regional connectivity.
Key Highlights
- Approximately 4,756 square feet of office space with private office suites
- Central foyer plus expansive reception areas
- Two restrooms on each level for convenience and flexibility
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.3k | $15.00 |
| − Vacancy | −$10.7k | −$2.25 |
| EGI | $60.6k | $12.75 |
| − OpEx | −$15.2k | −$3.19 |
| NOI | $45.5k | $9.56 |
4,756 SF · lease $15.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$649.7K
$568.5K – $758.0K
NOI $45,479 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$861.0K
$753.4K – $1.00M
NOI $60,268 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Explore this area
Business Placement
Demographics for 42701, KY
52,731
Population
23,565
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
94%
High-School Grad
161.8 sq mi
ZIP Area
326
Density / Sq Mi
$68,715
Median Household Income
$44,251
Median Earnings
$902
Median Rent
$235,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office building in downtown Elizabethtown with multiple private office suites, central foyer, and strong on-site parking.
Where is this office building located?
The property is located at 202 N Mulberry St Elizabethtown, KY.
What is the asking price?
The asking price for this property is $947,500.
What are key features of this property?
This property features: Approximately 4,756 square feet of office space with private office suites; Central foyer plus expansive reception areas; Two restrooms on each level for convenience and flexibility
