Live-Work Property with Medical
For Sale
Contact for pricing
3225 Breckenridge Ln, Louisville, KY 40220
Separate entrances serve a healthcare office layout and a two-level residence with its own office area and deck.
Property Size4,002 SF
Price / SF$0.00
Days on Market18
Property Features for 3225 Breckenridge Ln
General Information
Standard status
Active
Size
4,002 SF
Property subtype
Healthcare
Zoning
R5
Lease Type
NNN
Site & Location
Neighborhood
Klondike
Additional Details
Property Use
Medical Office
Building Details
Buildings
1
Stories
4
Tenancy
Single Tenant
Building Size
4,002 SF
Listing Agency:
Gatewood Properties of KY
Listed By:
Matthew Gatewood
(502) 594-6582
Source:
Kcrea.resimplifi
Added: Oct 12
Changed: Oct 26
Last Checked: Oct 28 at 4:53AM
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 Gatewood Properties of KY
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Investment Insights
Based on property information with market context.
This 4,002-square-foot quad-level property combines a healthcare office with a separate residence. The office area includes four exam rooms, a lead-lined X-ray room, and a half bath, plus 539 sf of open flex space on the lower level. A full bath and laundry are also located downstairs. The office entrance is accessed from the parking lot.
The 2,001-square-foot residence has a distinct entrance and occupies two levels. Its main living area includes a kitchen, living room, and half bath; upstairs are three bedrooms, two full bathrooms, and an office area that opens to a newly installed deck.
The property is zoned R5 and has a transferable conditional use permit for most healthcare professionals. Veterinarian use is excluded.
The 2,001-square-foot residence has a distinct entrance and occupies two levels. Its main living area includes a kitchen, living room, and half bath; upstairs are three bedrooms, two full bathrooms, and an office area that opens to a newly installed deck.
The property is zoned R5 and has a transferable conditional use permit for most healthcare professionals. Veterinarian use is excluded.
Key Highlights
- 4,002‑square‑foot quad‑level live‑work property
- Office includes four exam rooms, a lead‑lined X‑ray room, and a half bath
- 539 sf of open lower‑level flex space, with a full bath and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,544
Suggested Prices Based on Cap Rates
Cap Rate 5%
$950,880
$950.9K
Cap Rate 7%
$679,200
$679.2K
Cap Rate 9%
$528,267
$528.3K
Market Conditions
NOI Build-Up for 4,002 SF
Gross rent
$86.4K $21.60/SF
− Vacancy
−$10.4K −$2.59/SF
EGI
$76.1K $19.01/SF
− OpEx
−$28.5K −$7.13/SF
NOI
$47.5K $11.88/SF
Area
Louisville, KY
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$950,880
Cap Rate 7%
$679,200
Cap Rate 9%
$528,267
Alternative Uses
Best Use
Healthcare Medical
$740.9K
$648.3K – $864.4K
NOI $51,866 @ 7.0% cap · market cap 370,471.43%
Second Best
Office B
$738.4K
$646.1K – $861.4K
NOI $51,686 @ 7.0% cap · market cap 369,185.71%
Theoretical Best
Office A
$1.04M
$907.7K – $1.21M
NOI $72,612 @ 7.0% cap · market cap 518,657.14%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
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Business Placement
Demographics for 40220, KY
34,315
Population
16,019
Households
2.1
Avg Household Size
39
Median Age
44%
College-Educated
96%
High-School Grad
7.7 sq mi
ZIP Area
4,456
Density / Sq Mi
$73,502
Median Household Income
$47,283
Median Earnings
$1,187
Median Rent
$249,700
Median Home Value
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Market
Vacancy Rate% for Office in Louisville, KY
Frequently Asked Questions
What type of property is this?
Live-work space - Separate entrances serve a healthcare office layout and a two-level residence with its own office area and deck.
Where is this live-work space located?
The property is located at 3225 Breckenridge Ln Louisville, KY.
What are key features of this property?
This property features: 4,002‑square‑foot quad‑level live‑work property; Office includes four exam rooms, a lead‑lined X‑ray room, and a half bath; 539 sf of open lower‑level flex space, with a full bath and laundry
