3401 Stony Spring Circle, Louisville, KY 40220
COMMERCIAL - Louisville, KY
- Added:
- Jun 22, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 24 at 12:06 pm
Property Features for 3401 Stony Spring Circle
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 22338600083403
- Size
- 5,600 SF
- Lot size
- 52.90 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 2001
- Floors in Building
- 2
- Building materials
- Brick
Listing agent Kelley M Nisbet (859) 621-3561
Listing office Coldwell Banker McMahan 920 Bypass Road, Richmond, KY (859) 744-1400
Listing date Jun 22, 2026
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- All‑brick, two‑story 4‑unit office condominium property built in 2001
- Individual units suited for professional offices, medical practices, or small business suites
- Electric heating and electric cooling
- Served by public sewer
- 4‑unit office condominium setup supports owner‑user or multi‑tenant leasing
Overview
The building is located at 3401 Stony Spring Circle in Louisville, Kentucky, within the Hurstbourne Corridor. The listing notes ample parking to support tenant and visitor access and a setting surrounded by professional uses.
From a tenant and buyer fit standpoint, the property’s unitized layout offers flexibility for operators who want a dedicated office suite rather than a shared layout. For an investor, the four separate units can support a multi-tenant leasing strategy or enable an owner to occupy one unit while leasing others. For owner-users, the condominium structure and professional orientation may help streamline day-to-day occupancy within a smaller, dedicated office asset.
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 | $134.4k | $24.00 |
| − Vacancy | −$13.4k | −$2.40 |
| EGI | $121.0k | $21.60 |
| − OpEx | −$48.4k | −$8.64 |
| NOI | $72.6k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.603535
- Latitude
- 38.201637
