Renovated Office
For Sale
Contact for pricing
222 S 1st St, Louisville, KY 40202
CBD office property with an atrium, exposed-brick suite interiors, and adjacent parking.
Property Size57,780 SF
Price / SF$0.00
Days on Market199
Property Features for 222 S 1st St
General Information
Standard status
Active
Size
57,780 SF
Property subtype
Office
Zoning
C3
Lease Type
Modified Gross
Amenities
large atrium
exposed brick walls
Listing Agency:
Horizon Commercial Realty, LLC
Listed By:
Steve Lennon · License #215117
(502) 939-2080
Source:
Kcrea.resimplifi
Added: Apr 1
Changed: Oct 1
Last Checked: Oct 16 at 5:44AM
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 Horizon Commercial Realty, LLC
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Investment Insights
Based on property information with market context.
This 57,780-square-foot office building has recently renovated interiors and is situated within Louisville’s CBD. Interior features include a large atrium and exposed brick walls in the suites, providing distinctive architectural character across the office environment. The property is zoned C3.
The building occupies the corner of 1st and Jefferson Streets at 222 S 1st St. It is located a few blocks from the KFC Yum! Center, Convention Center, Fourth Street Live, and the Omni Hotel. Adjacent parking adds convenience for occupants and visitors.
The building occupies the corner of 1st and Jefferson Streets at 222 S 1st St. It is located a few blocks from the KFC Yum! Center, Convention Center, Fourth Street Live, and the Omni Hotel. Adjacent parking adds convenience for occupants and visitors.
Key Highlights
- 57,780‑square‑foot office building in Louisville’s CBD
- C3 zoning
- Recently renovated office interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$746,229
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,924,580
$14.9M
Cap Rate 7%
$10,660,414
$10.7M
Cap Rate 9%
$8,291,433
$8.3M
Market Conditions
NOI Build-Up for 57,780 SF
Gross rent
$1.21M $21.00/SF
− Vacancy
−$218.4K −$3.78/SF
EGI
$995.0K $17.22/SF
− OpEx
−$248.7K −$4.31/SF
NOI
$746.2K $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%
$14,924,580
Cap Rate 7%
$10,660,414
Cap Rate 9%
$8,291,433
Alternative Uses
Best Use
Office B
$10.66M
$9.33M – $12.44M
NOI $746,229 @ 7.0% cap · market cap 5,969,832.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.98M
$13.10M – $17.47M
NOI $1,048,360 @ 7.0% cap · market cap 8,386,880.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
9,783
Businesses Nearby
Explore this area
Business Placement
Demographics for 40202, KY
7,179
Population
4,242
Households
1.7
Avg Household Size
39
Median Age
27%
College-Educated
83%
High-School Grad
1.6 sq mi
ZIP Area
4,487
Density / Sq Mi
$29,382
Median Household Income
$33,205
Median Earnings
$881
Median Rent
$340,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Louisville, KY
Frequently Asked Questions
What type of property is this?
Office building - CBD office property with an atrium, exposed-brick suite interiors, and adjacent parking.
Where is this office building located?
The property is located at 222 S 1st St Louisville, KY.
What are key features of this property?
This property features: 57,780‑square‑foot office building in Louisville’s CBD; C3 zoning; Recently renovated office interiors
