Office Building with Two-Story
2101 High Wickham Pl, Louisville, KY 40245
For Sale
$8,500,000
Pending
Open-plan interiors combine glazed areas with offices, conference rooms, and shared work zones.
Property Size34,000 SF
Days on Market1076
Property Features for 2101 High Wickham Pl
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Highway Access
Amenities
open floor plate
conference rooms
two story lobby
building generator
Power
Water
Sewer
260 Parking Spaces
Building Details
Year Built
Tenancy
Parking Ratio
Listing Agency:
TRIO Commercial Property Group
Listed By:
Justin Baker · License KY #204053
(502) 645-1911
Source:
Kcrea.resimplifi
Added: Dec 5, 2023
Changed: Nov 12
Last Checked: Nov 14 at 2:04AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 34,000-square-foot office building was completed in 2017 and features an adaptable interior arrangement with substantial glass, open work areas, private offices, conference rooms, and a two-story lobby. A Generac generator provides 400 kW of capacity, supporting the building’s core infrastructure. The property carries CM zoning and offers a 5:1 parking ratio.
Access to I-265 provides a direct connection to the surrounding Louisville market. The building is located near Publix, Mercedes-Benz, and Harley-Davidson, with Publix identified as coming soon. Existing occupants include Cerity, Semonin, and Schulte Hospitality.
Access to I-265 provides a direct connection to the surrounding Louisville market. The building is located near Publix, Mercedes-Benz, and Harley-Davidson, with Publix identified as coming soon. Existing occupants include Cerity, Semonin, and Schulte Hospitality.
Key Highlights
- 34,000‑square‑foot office building completed in 2017
- Generac building generator with 400kw capacity
- 5:1 parking ratio
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
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
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
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
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
$432,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Louisville, KY
Properties on Market for Office buildings in Louisville
Vacancy Rate% for Office in Louisville, KY
Frequently Asked Questions
What type of property is this?
Office building - Open-plan interiors combine glazed areas with offices, conference rooms, and shared work zones.
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: 34,000‑square‑foot office building completed in 2017; Generac building generator with 400kw capacity; 5:1 parking ratio
