Multi-Tenant Office
214 Breckenridge Ln Louisville, KY 40207
New
For Sale
$2,550,000
Well-maintained office building with potential for full 1st-floor occupancy and a second-floor rental component.
Property Size11,220 SF
Price / SF$227.27
Days on Market4
Property Features for 214 Breckenridge Ln
General Information
Standard status
Active
Size
11,220 SF
Property subtype
Office - General Office
Building Details
Year Built
1972
Listing Agency:
Hoagland Commercial Realtors
(502) 897-3310
Listed By:
John Hoagland Jr. · License #67295
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 29 at 4:28AM
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 Hoagland Commercial Realtors
Investment Insights
Based on property information with market context.
Located in St. Matthews, this well-maintained office building at 214 Breckenridge Lane offers convenient access to Shelbyville Road, Lexington Road, and I-264. The property is positioned within an established mix of retail, dining, medical, and professional office users.
The building totals approximately 11,220 ± square feet and is configured with space across a first and second floor. The entire first floor can be made available, providing flexibility for an owner-occupant. At the same time, the second floor supports rental income potential.
For businesses seeking an accessible, in-submarket office address, this offering combines a practical interior split with straightforward leasing/occupancy options across the two floors.
The building totals approximately 11,220 ± square feet and is configured with space across a first and second floor. The entire first floor can be made available, providing flexibility for an owner-occupant. At the same time, the second floor supports rental income potential.
For businesses seeking an accessible, in-submarket office address, this offering combines a practical interior split with straightforward leasing/occupancy options across the two floors.
Key Highlights
- 11,220 ± SF office building built in 1972 in the St. Matthews submarket
- Entire 1st floor can be made available for owner‑occupancy
- Second floor provides a rental income component
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 | $235.6k | $21.00 |
| − Vacancy | −$42.4k | −$3.78 |
| EGI | $193.2k | $17.22 |
| − OpEx | −$48.3k | −$4.31 |
| NOI | $144.9k | $12.92 |
11,220 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.42M
NOI $144,906 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.91M
$2.54M – $3.39M
NOI $203,576 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with potential for full 1st-floor occupancy and a second-floor rental component.
Where is this office building located?
The property is located at 214 Breckenridge Ln Louisville, KY.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 11,220 ± SF office building built in 1972 in the St. Matthews submarket; Entire 1st floor can be made available for owner‑occupancy; Second floor provides a rental income component
