Building Details

Year Built 2017

Tenancy Multi

Listing Agency: TRIO Commercial Property Group

Listed By: Justin Baker · License #204053 Show Phone

Source: Moodyscre

Added: Mar 25 Changed: Jul 22 Last Checked: Oct 20 at 5:12PM

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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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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The Old Henry Crossings Building 5 is a modern office property built in 2017. The layout features an open floor plate with substantial glass, along with a mix of open work areas, offices, conference rooms, and a two-story lobby. The building is equipped with an on-site Generac generator with 400 kW capacity.

The property provides easy access to I-265. It is positioned near area employers and retailers including Mercedes Benz and Harley Davidson, and Publix is listed as coming soon.

With a 5:1 parking ratio, the building is configured to support daily tenant parking needs alongside its flexible office interior arrangement.

Key Highlights

• Old Henry Crossings Building 5 built in 2017
• 5:1 parking ratio
• Generac generator with 400 kW capacity

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$414,018

Cap Rate

4.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,280,360 $8.3M

Cap Rate 7%

$5,914,543 $5.9M

Cap Rate 9%

$4,600,200 $4.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 34,000 SF

Gross rent

$673.2K $19.80/SF

− Vacancy

−$121.2K −$3.56/SF

EGI

$552.0K $16.24/SF

− OpEx

−$138.0K −$4.06/SF

NOI

$414.0K $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%

$8,280,360

Cap Rate 7%

$5,914,543

Cap Rate 9%

$4,600,200

Alternative Uses

Best Use

Office B

$5.91M

$5.18M – $6.90M (±1% cap)

NOI $414,018 @ 7.0% cap · market cap 4.87%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$8.32M

$7.28M – $9.71M (±1% cap)

NOI $582,624 @ 7.0% cap · market cap 6.85%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Giftwrap Department Store

Suggested Use

Top Pick Restaurant Auto Repair Shop Building Supply Auto Parts Store Hair Salon Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

650

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

Market

Vacancy Rate% for Office in Louisville, KY

12.4% 2019

14.8% 2020

14.3% 2021

15.4% 2022

16.3% 2023

15.7% 2024

18.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Built in 2017 with an open floor plate, glass-forward layout, and two-story lobby.

Where is this office building located?

The property is located at 2101 High Wickham Pl Louisville, KY.

What is the asking price?

The asking price for this property is $8,500,000.

What are key features of this property?

This property features: Old Henry Crossings Building 5 built in 2017; 5:1 parking ratio; Generac generator with 400 kW capacity