Listing Agency: Weichert Realtors-H. Barry Smith Co.

Listed By: Shawn Willard · License #203037 Show Phone

Source: Kcrea.resimplifi

Added: Jun 10 Changed: Oct 13 Last Checked: Oct 14 at 7:39PM

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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 Weichert Realtors-H. Barry Smith Co.

Investment Insights

Based on property information with market context.

This office building is fully leased and has been updated with a professional interior design. The property carries O-1 Office and Institutional Zone zoning, supporting its established office classification.

Key Highlights

• Fully leased office building
• Updated interior design
• O‑1 Office and Institutional Zone zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,952

Cap Rate

6.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,059,040 $1.1M

Cap Rate 7%

$756,457 $756.5K

Cap Rate 9%

$588,356 $588.4K

Market Conditions

NOI Build-Up for 4,100 SF

Gross rent

$86.1K $21.00/SF

− Vacancy

−$15.5K −$3.78/SF

EGI

$70.6K $17.22/SF

− OpEx

−$17.7K −$4.31/SF

NOI

$53.0K $12.92/SF

Area

Louisville, KY

Vacancy

18.00%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,059,040

Cap Rate 7%

$756,457

Cap Rate 9%

$588,356

Alternative Uses

Best Use

Office B

$756.5K

$661.9K – $882.5K (±1% cap)

NOI $52,952 @ 7.0% cap · market cap 6.79%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.06M

$929.9K – $1.24M (±1% cap)

NOI $74,390 @ 7.0% cap · market cap 9.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Dental Office Building Supply Restaurant Big Box & Wholesale Store Real Estate Agency Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

1,016

Businesses Nearby

Explore this area Business Placement

Demographics for 40023, KY

5,956

Population

2,377

Households

2.5

Avg Household Size

44

Median Age

50%

College-Educated

99%

High-School Grad

24.3 sq mi

ZIP Area

245

Density / Sq Mi

$135,863

Median Household Income

$64,114

Median Earnings

$1,199

Median Rent

$430,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Office building - Fully leased office property with updated interiors and O-1 Office and Institutional zoning.

Where is this office building located?

The property is located at 6287 Taylorsville Rd Fisherville, KY.

What is the asking price?

The asking price for this property is $780,000.

What are key features of this property?

This property features: Fully leased office building; Updated interior design; O‑1 Office and Institutional Zone zoning