Two-Story Office
For Sale
$399,950
7619 Dixie Hwy, Louisville, KY 40258
Two office areas are arranged across the first and second floors, with parking at the front, rear, and side.
Property Size2,150 SF
Lot Size0.21 Acres
Price / SF$186.02
Days on Market13
Property Features for 7619 Dixie Hwy
General Information
Standard status
Active
Size
2,150 SF
Lot size
0.21 Acres
Property subtype
Office
Zoning
M2
Site & Location
Neighborhood
Kenwood
Road Access
Yes
Additional Details
Office Units
2
Tenant in Place
Yes
Property Use
Office
Amenities
basement for storage
Power
Water
Sewer
Natural Gas
Building Details
Year Built
1920
Buildings
1
Stories
2
Owner Occupied
No
Listing Agency:
Jim Russell Realtors
Listed By:
Jim Russell · License #177264
(502) 494-8100
Source:
Kcrea.resimplifi
Added: Oct 15
Changed: Oct 26
Last Checked: Oct 26 at 3:27PM
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 Jim Russell Realtors
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Investment Insights
Based on property information with market context.
Built in 1920, this office building contains two office areas totaling approximately 2,150 square feet. The first floor accounts for approximately 1,500 square feet, with another 650 square feet on the second floor. A basement provides storage, and zoning is M2.
Parking is available at the front, rear, and side of the building, with access on and off Dixie Hwy. The current State Farm tenant has expressed interest in staying under new ownership.
Parking is available at the front, rear, and side of the building, with access on and off Dixie Hwy. The current State Farm tenant has expressed interest in staying under new ownership.
Key Highlights
- Approximately 2,150 square feet across two office areas
- Approximately 1,500 square feet on the first floor and 650 square feet on the second floor
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,767
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,340
$555.3K
Cap Rate 7%
$396,671
$396.7K
Cap Rate 9%
$308,522
$308.5K
Market Conditions
NOI Build-Up for 2,150 SF
Gross rent
$45.2K $21.00/SF
− Vacancy
−$8.1K −$3.78/SF
EGI
$37.0K $17.22/SF
− OpEx
−$9.3K −$4.31/SF
NOI
$27.8K $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%
$555,340
Cap Rate 7%
$396,671
Cap Rate 9%
$308,522
Alternative Uses
Best Use
Office B
$396.7K
$347.1K – $462.8K
NOI $27,767 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$557.3K
$487.6K – $650.2K
NOI $39,010 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Explore this area
Business Placement
Demographics for 40258, KY
26,807
Population
11,568
Households
2.3
Avg Household Size
39
Median Age
15%
College-Educated
88%
High-School Grad
11.7 sq mi
ZIP Area
2,291
Density / Sq Mi
$66,263
Median Household Income
$42,525
Median Earnings
$1,146
Median Rent
$173,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Louisville, KY
Frequently Asked Questions
What type of property is this?
Office building - Two office areas are arranged across the first and second floors, with parking at the front, rear, and side.
Where is this office building located?
The property is located at 7619 Dixie Hwy Louisville, KY.
What is the asking price?
The asking price for this property is $399,950.
What are key features of this property?
This property features: Approximately 2,150 square feet across two office areas; Approximately 1,500 square feet on the first floor and 650 square feet on the second floor; Built in 1920
