Freestanding Medical
New
For Sale
$377,656
4516 Outer Loop, Louisville, KY 40219
Existing clinical configuration includes treatment, laboratory, consultation, and patient-support areas.
Property Size2,417 SF
Lot Size0.28 Acres
Price / SF$156.25
Days on Market2
Property Features for 4516 Outer Loop
General Information
Standard status
Active
Size
2,417 SF
Class
B
Lot size
0.28 Acres
Property subtype
Medical/Healthcare
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Amenities
patio/exterior seating area
Building Details
Building Size
2,417 SF
Year Built
1965
Buildings
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
Nexus Commercial Advisors
(502) 724-7325
Listed By:
Charlotte Hollkamp, CCIM
(502) 724-7325
Source:
Thebrokerlist
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 15 at 3:27AM
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 Nexus Commercial Advisors
Investment Insights
Based on property information with market context.
This freestanding medical office occupies 0.2845 acres and contains approximately 2,417 square feet. Built in 1965, the property is currently occupied by an orthodontics practice and includes a patient waiting area with reception, two private offices, an open treatment area with six ortho bays, and a separate consultation or treatment room. Additional improvements include a tooth-brushing station, pan-ceph/x-ray area, laboratory with sterilization and ceramics space, supply and file storage rooms, kitchenette, two restrooms, utility closets, and an IT/security room.
The property sits at the intersection of Outer Loop and Lambert Road, with approximately 28,100 AADT. The setting provides access to surrounding neighborhoods, major interstates, office buildings, grocery stores, retailers, and restaurants. A vestibule entrance with double doors, side and rear doors, and a patio or exterior seating area complete the existing configuration.
The property sits at the intersection of Outer Loop and Lambert Road, with approximately 28,100 AADT. The setting provides access to surrounding neighborhoods, major interstates, office buildings, grocery stores, retailers, and restaurants. A vestibule entrance with double doors, side and rear doors, and a patio or exterior seating area complete the existing configuration.
Key Highlights
- 0.2845‑acre site at the intersection of Outer Loop and Lambert Road
- Approximately 2,417 square feet of medical office space
- Open treatment area with six ortho bays
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,324
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,480
$626.5K
Cap Rate 7%
$447,486
$447.5K
Cap Rate 9%
$348,044
$348.0K
Market Conditions
NOI Build-Up for 2,417 SF
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.
Gross rent
$58.0K $24.00/SF
− Vacancy
−$5.8K −$2.40/SF
EGI
$52.2K $21.60/SF
− OpEx
−$20.9K −$8.64/SF
NOI
$31.3K $12.96/SF
Area
Louisville, KY
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,480
Cap Rate 7%
$447,486
Cap Rate 9%
$348,044
Alternative Uses
Best Use
Healthcare Medical
$447.5K
$391.6K – $522.1K
NOI $31,324 @ 7.0% cap · market cap 8.29%
Second Best
Office B
$445.9K
$390.2K – $520.3K
NOI $31,216 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$626.5K
$548.2K – $730.9K
NOI $43,854 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40219, KY
40,300
Population
16,699
Households
2.4
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
2,705
Density / Sq Mi
$52,271
Median Household Income
$37,108
Median Earnings
$967
Median Rent
$186,000
Median Home Value
Market
Vacancy Rate% for Office in Louisville, KY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing clinical configuration includes treatment, laboratory, consultation, and patient-support areas.
Where is this medical office space located?
The property is located at 4516 Outer Loop Louisville, KY.
What is the asking price?
The asking price for this property is $377,656.
What are key features of this property?
This property features: 0.2845‑acre site at the intersection of Outer Loop and Lambert Road; Approximately 2,417 square feet of medical office space; Open treatment area with six ortho bays
