Historic Office Building with
For Sale
$5,300,000
Pending
445 E Market St, Louisville, KY 40202
Office space is complemented by first-floor food and beverage retail and private onsite parking.
Property Size41,976 SF
Days on Market394
Property Features for 445 E Market St
General Information
Standard status
Pending
Size
41,976 SF
Total Parking Spaces
65
Property subtype
Office
Zoning
C3
Occupancy
100%
Amenities
private onsite parking
Power
Water
Sewer
Natural Gas
65 Parking Spaces
Building Details
Year Built
1885
Buildings
1
Building Size
41,976 SF
Tenancy
Multi
Listing Agency:
Commercial Kentucky, Inc.
Listed By:
Sam Gray · License #249598
(502) 523-8582
Source:
Kcrea.resimplifi
Added: Sep 17, 2025
Changed: Oct 8
Last Checked: Oct 14 at 7:43PM
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 Commercial Kentucky, Inc.
Investment Insights
Based on property information with market context.
Cobalt Marketplace is a 41,976-square-foot historic office property at 445 E Market St in Louisville’s East Market District. Built in 1885, the building combines office space with food and beverage retail on the first floor along Market Street. Private onsite parking is included, an uncommon feature for a downtown office property.
Positioned between Main and Market Streets in Downtown Louisville, the property offers a prominent East Market District address with access to both office and retail frontage. The building is zoned C3 and is reported as 100% leased, providing an established occupancy profile for the asset.
Positioned between Main and Market Streets in Downtown Louisville, the property offers a prominent East Market District address with access to both office and retail frontage. The building is zoned C3 and is reported as 100% leased, providing an established occupancy profile for the asset.
Key Highlights
- 41,976‑square‑foot historic office building constructed in 1885
- First‑floor food and beverage retail space along Market Street
- 100% leased occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$483,941
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,678,820
$9.7M
Cap Rate 7%
$6,913,443
$6.9M
Cap Rate 9%
$5,377,122
$5.4M
Market Conditions
NOI Build-Up for 41,976 SF
Gross rent
$755.6K $18.00/SF
− Vacancy
−$64.2K −$1.53/SF
EGI
$691.3K $16.47/SF
− OpEx
−$207.4K −$4.94/SF
NOI
$483.9K $11.53/SF
Area
Louisville, KY
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,678,820
Cap Rate 7%
$6,913,443
Cap Rate 9%
$5,377,122
Alternative Uses
Best Use
Office B
$7.74M
$6.78M – $9.04M
NOI $542,120 @ 7.0% cap · market cap 10.23%
Second Best
Retail
$6.91M
$6.05M – $8.07M
NOI $483,941 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$10.88M
$9.52M – $12.69M
NOI $761,613 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,270
Businesses Nearby
Explore this area
Business Placement
Demographics for 40202, KY
7,179
Population
4,242
Households
1.7
Avg Household Size
39
Median Age
27%
College-Educated
83%
High-School Grad
1.6 sq mi
ZIP Area
4,487
Density / Sq Mi
$29,382
Median Household Income
$33,205
Median Earnings
$881
Median Rent
$340,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Louisville, KY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office space is complemented by first-floor food and beverage retail and private onsite parking.
Where is this office building located?
The property is located at 445 E Market St Louisville, KY.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 41,976‑square‑foot historic office building constructed in 1885; First‑floor food and beverage retail space along Market Street; 100% leased occupancy
