First-Floor Office Condo
3103 Breckenridge Ln Louisville, KY 40220
3103 Breckenridge Ln, Louisville, KY, 40220
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For Sale
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First-floor suite with a direct exterior entrance, reception area, private offices, break area, and bathroom.
Property Size1,297 SF
Price / SF$165.77
Days on Market138
Property Features for 3103 Breckenridge Ln
General Information
- Standard status
- Active
- Size
- 1,297 SF
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing agency
Colliers
(502) 645-1729
Listed by
Katie Renfro · License #KY 271918
Source
Crexi
Added: Mar 6 Updated: Jul 21 at 3:45PM Checked: Jul 22 at 4:15PM
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 Colliers
Investment Insights
Based on property information with market context.
This fully renovated first-floor office condo suite offers a direct exterior entrance and includes 5 to 6 private offices, a reception area, break area, and bathroom. The suite also has a large storage closet with pin pad access. A move-in-ready configuration makes it suitable for a range of office and medical-related uses as permitted by the buyer or tenant’s requirements.
The property is located directly off Breckenridge Lane in Louisville, KY, and provides easy access along with ample off-street parking. In addition to base rent (if leased), condo fees and LG&E are noted as tenant responsibilities, including a listed condo fee of $277 per month.
The suite totals approximately 1,297 SF and is presented as a renovated, functional office layout designed for privacy and day-to-day client traffic through the reception area.
The property is located directly off Breckenridge Lane in Louisville, KY, and provides easy access along with ample off-street parking. In addition to base rent (if leased), condo fees and LG&E are noted as tenant responsibilities, including a listed condo fee of $277 per month.
The suite totals approximately 1,297 SF and is presented as a renovated, functional office layout designed for privacy and day-to-day client traffic through the reception area.
Key Highlights
- 1,297 SF fully renovated first‑floor office condo suite
- Direct exterior entrance plus reception area, 5‑6 private offices, break area, and bathroom
- Includes large storage closet with pin pad access
Local Financial Insights For Healthcare Medical
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 | $31.1k | $24.00 |
| − Vacancy | −$3.1k | −$2.40 |
| EGI | $28.0k | $21.60 |
| − OpEx | −$11.2k | −$8.64 |
| NOI | $16.8k | $12.96 |
1,297 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$240.1K
$210.1K – $280.2K
NOI $16,809 @ 7.0% cap · market cap 7.82%
Second Best
Office B
$239.3K
$209.4K – $279.2K
NOI $16,751 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$336.2K
$294.2K – $392.2K
NOI $23,533 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Palacio Miller Insurance ...
Insurance Agency
Health and Wellness Boutique
Alternative Medicine Practice
Dr. Swati M. ...
Physician
Dove Technologies
Tech Support Center
G. Perry
Physician
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FAQs
What type of property is this?
Office units - First-floor suite with a direct exterior entrance, reception area, private offices, break area, and bathroom.
Where is this office units located?
The property is located at 3103 Breckenridge Ln Louisville, KY.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,297 SF fully renovated first‑floor office condo suite; Direct exterior entrance plus reception area, 5‑6 private offices, break area, and bathroom; Includes large storage closet with pin pad access
