Multi-Tenant Office
For Sale
$2,550,000
214 Breckenridge Ln, Louisville, KY 40207
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 Market95
Property Features for 214 Breckenridge Ln
General Information
Standard status
Active
Size
11,220 SF
Class
C
Property subtype
Office - General Office
Site & Location
Neighborhood
Rockcreek Lexington Road
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
11,220 SF
Year Built
1972
Units
26
Listing Agency:
Hoagland Commercial Realtors
Listed By:
John Hoagland Jr. · License #67295
(502) 386-4246
Source:
Commercialcafe
Added: Jul 26
Changed: Oct 25
Last Checked: Oct 28 at 5:02AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$144,906
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,898,120
$2.9M
Cap Rate 7%
$2,070,086
$2.1M
Cap Rate 9%
$1,610,067
$1.6M
Market Conditions
NOI Build-Up for 11,220 SF
Gross rent
$235.6K $21.00/SF
− Vacancy
−$42.4K −$3.78/SF
EGI
$193.2K $17.22/SF
− OpEx
−$48.3K −$4.31/SF
NOI
$144.9K $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%
$2,898,120
Cap Rate 7%
$2,070,086
Cap Rate 9%
$1,610,067
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,566
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Louisville, KY
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
