Office Suite with Conference
New
For Sale
$165,000
2525 Nelson Miller Pkwy, Louisville, KY 40223
The second-floor plan includes three private offices, a kitchenette, storage, and a defined reception area.
Property Size930 SF
Price / SF$177.42
Days on Market6
Property Features for 2525 Nelson Miller Pkwy
General Information
Standard status
Active
Size
930 SF
Property subtype
Office
Zoning
PEC
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
2
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Buildings
2
Construction
brick-veneer
Listing Agency:
Encore Realty Group
Listed By:
John Rendeiro · License #266380
(502) 384-4991
Source:
Kcrea.resimplifi
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 13 at 2:16AM
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 Encore Realty Group
Investment Insights
Based on property information with market context.
This 930-square-foot office unit occupies the second floor and is arranged with three private offices, a central conference room, and an entry area that can accommodate reception and waiting. A kitchenette and storage closets round out the layout. Natural finishes and fresh paint are present throughout, and the suite is described as being in great condition.
The unit is at 2525 Nelson Miller Pkwy in Louisville, at the northern entrance to Eastpoint Business Park. The office condominium development comprises two brick-veneer buildings and is professionally managed. Parking is available on site, with access to Nelson Miller Parkway and I-265. The property is zoned PEC.
The unit is at 2525 Nelson Miller Pkwy in Louisville, at the northern entrance to Eastpoint Business Park. The office condominium development comprises two brick-veneer buildings and is professionally managed. Parking is available on site, with access to Nelson Miller Parkway and I-265. The property is zoned PEC.
Key Highlights
- 930‑square‑foot second‑floor office unit
- Three private offices, a central conference room, reception/waiting area, kitchenette, and storage
- Natural finishes and fresh paint throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,011
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,220
$240.2K
Cap Rate 7%
$171,586
$171.6K
Cap Rate 9%
$133,456
$133.5K
Market Conditions
NOI Build-Up for 930 SF
Gross rent
$19.5K $21.00/SF
− Vacancy
−$3.5K −$3.78/SF
EGI
$16.0K $17.22/SF
− OpEx
−$4.0K −$4.31/SF
NOI
$12.0K $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%
$240,220
Cap Rate 7%
$171,586
Cap Rate 9%
$133,456
Alternative Uses
Best Use
Office B
$171.6K
$150.1K – $200.2K
NOI $12,011 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$241.1K
$210.9K – $281.2K
NOI $16,874 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
Explore this area
Business Placement
Demographics for 40223, KY
23,227
Population
10,387
Households
2.2
Avg Household Size
42
Median Age
58%
College-Educated
97%
High-School Grad
12.1 sq mi
ZIP Area
1,920
Density / Sq Mi
$97,033
Median Household Income
$60,744
Median Earnings
$1,431
Median Rent
$343,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Louisville, KY
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Frequently Asked Questions
What type of property is this?
Office units - The second-floor plan includes three private offices, a kitchenette, storage, and a defined reception area.
Where is this office units located?
The property is located at 2525 Nelson Miller Pkwy Louisville, KY.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 930‑square‑foot second‑floor office unit; Three private offices, a central conference room, reception/waiting area, kitchenette, and storage; Natural finishes and fresh paint throughout
