Listing Agency: Physician Real Estate Capital Advisors, LLC

Listed By: Scott Niedergang · License #IL 471021337

Source: Crexi

Added: Apr 13 Changed: Aug 30 Last Checked: Aug 31 at 12:34PM

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Investment Insights

Based on property information with market context.

Located at 800 Highlander Point Dr in Floyds Knobs, Indiana, this three-story office building contains 23,680 square feet on a 2.2-acre parcel. Constructed in 1988, the multi-tenant property has undergone ongoing improvements, including replacement of the main roof and lower-level urgent-care roof in 2023. HVAC equipment has been replaced systematically over approximately eight years.

Baptist Health occupies 66% of the building, with urgent care on the first floor and family medicine on the upper floors. Other occupants include Chase Bank, a chiropractor, and an orthodontist. Chase Bank operates from a suite with five drive-thru lanes and recently completed a suite update and five-year renewal. The leases are structured as NNN, with tenants reimbursing their pro-rata share of CAM, real estate taxes, insurance, and property management fees.

The property includes 160 parking spaces, representing a 6.81:1,000 parking ratio. Floyds Knobs is approximately 10 miles northwest of Downtown Louisville across the Ohio River, with reported drive times of 15–20 minutes to downtown Louisville and the airport.

Key Highlights

• 23,680‑square‑foot, three‑story medical office building on 2.2 acres
• Baptist Health occupies 66% of the building, including urgent care and family medicine space
• 160 parking spaces with a 6.81:1,000 parking ratio

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Law Firm Electrical Service Big Box & Wholesale Store Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

245

Businesses Nearby

Explore this area Business Placement

Demographics for 47119, IN

12,173

Population

4,635

Households

2.6

Avg Household Size

43

Median Age

45%

College-Educated

97%

High-School Grad

41.7 sq mi

ZIP Area

292

Density / Sq Mi

$118,093

Median Household Income

$50,145

Median Earnings

$1,280

Median Rent

$321,500

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Three-story healthcare property with multiple occupants, drive-thru banking, and NNN lease structures.

Where is this office building located?

The property is located at 800 Highlander Point Dr Floyds Knobs, IN.

What are key features of this property?

This property features: 23,680‑square‑foot, three‑story medical office building on 2.2 acres; Baptist Health occupies 66% of the building, including urgent care and family medicine space; 160 parking spaces with a 6.81:1,000 parking ratio