Office Condominium
2821 S Hurstbourne Pkwy Louisville, KY 40220
2821 S Hurstbourne Pkwy, Louisville, KY, 40220
$350,000
For Sale
$350,000
Well-maintained office condo built in 1993, offering private offices, open work areas, and restrooms with ample surface parking.
Property Size2,186 SF
Price / SF$160.11
Days on Market111
Property Features for 2821 S Hurstbourne Pkwy
General Information
- Standard status
- Active
- Size
- 2,186 SF
- Property subtype
- Office
Building Details
- Year Built
- 1993
Listing agency
Louisville Office
(502) 329-5999
Listed by
David L. Badgett Jr. · License #KY: 215224
(502) 329-5999
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 21 at 11:57AM Checked: Jul 22 at 2:11AM
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 Louisville Office
Investment Insights
Based on property information with market context.
Located within the Stonybrook Office Condominium complex, this well-maintained office condo was built in 1993 and offers individual office units ranging from approximately 1,140 to 1,200 square feet. Each suite features a functional layout with private offices, open work areas, and restroom facilities.
The property is set on a highly visible site along Hurstbourne Parkway with monument signage and ample surface parking. It is also just minutes from I-64, placing it within convenient reach of Louisville’s major business districts. The surrounding area includes restaurants, banks, and retail centers.
As part of a condominium structure, the offering provides dedicated office space designed for day-to-day professional use within a maintained multi-unit environment.
The property is set on a highly visible site along Hurstbourne Parkway with monument signage and ample surface parking. It is also just minutes from I-64, placing it within convenient reach of Louisville’s major business districts. The surrounding area includes restaurants, banks, and retail centers.
As part of a condominium structure, the offering provides dedicated office space designed for day-to-day professional use within a maintained multi-unit environment.
Key Highlights
- Office condo within Stonybrook Office Condominium complex, built in 1993
- Individual condo units feature private offices, open work areas, and restroom facilities
- Unit sizes range from approximately 1,140 to 1,200 SF
Local 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 | $45.9k | $21.00 |
| − Vacancy | −$8.3k | −$3.78 |
| EGI | $37.6k | $17.22 |
| − OpEx | −$9.4k | −$4.31 |
| NOI | $28.2k | $12.92 |
2,186 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$403.3K
$352.9K – $470.5K
NOI $28,232 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$566.6K
$495.8K – $661.1K
NOI $39,663 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Family Dental Care ...
Dental Office
Stuedle Joseph
Accounting Firm
NCH Financial Services
Accounting Firm
Stuedle Spears & Company ...
Accounting Firm
Vista Properties Homes ...
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Well-maintained office condo built in 1993, offering private offices, open work areas, and restrooms with ample surface parking.
Where is this office units located?
The property is located at 2821 S Hurstbourne Pkwy Louisville, KY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Office condo within Stonybrook Office Condominium complex, built in 1993; Individual condo units feature private offices, open work areas, and restroom facilities; Unit sizes range from approximately 1,140 to 1,200 SF
