Single-Level Office Building with
For Sale
Contact for pricing
908 Minoma Ave, Louisville, KY 40217
Single-level office with private patio, abundant natural light, and multiple offices suited for professional and specialty uses.
Property Size3,061 SF
Price / SF$0.01
Days on Market152
Property Features for 908 Minoma Ave
General Information
Standard status
Active
Size
3,061 SF
Total Parking Spaces
6
Property subtype
Office
Zoning
C1
Lease Type
Gross
Site & Location
Neighborhood
Schnitzelburg
Additional Details
Office Units
8
Amenities
Power
Water
Sewer
Natural Gas
6 Parking Spaces
Building Details
Stories
1
Tenancy
Single Tenant
Listing Agency:
EXP Realty LLC
Listed By:
Jonathan Klunk · License #KY251476
(502) 410-8181
Source:
Kcrea.resimplifi
Added: Jun 8
Changed: Oct 26
Last Checked: Nov 4 at 9:49AM
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 EXP Realty LLC
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Investment Insights
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This single-level office building totals 3,061 SF and is wheelchair accessible. The space features abundant natural light, tall ceilings, exposed ductwork, and terrazzo marble floors, supported by two HVAC systems. The layout includes eight private offices plus additional flex space that could support a ninth office, storage, or specialty use. A large conference room anchors the work areas, along with a spacious reception and waiting area. Day-to-day convenience is built in with a large break room with kitchenette and two restrooms. Outside, there is a private, partially fenced patio for informal meetings or tenant use. The building is updated and well maintained throughout.
The property is located one block off Eastern Parkway and is set in Louisville’s Schnitzelburg neighborhood. It offers convenient access to nearby destinations including Germantown, the Highlands, Downtown Louisville, the University of Louisville, and major healthcare and business corridors.
With C-1 commercial zoning, the building can support a broad range of tenant and owner-user concepts, including professional offices and practices such as law, accounting, real estate, architecture/design, engineering, marketing, coworking, therapy or counseling, and certain medical or wellness-related uses. The flex space, reception area, and multiple office configuration also make it practical for organizations that need a mix of private rooms, meeting space, and support space.
The property is located one block off Eastern Parkway and is set in Louisville’s Schnitzelburg neighborhood. It offers convenient access to nearby destinations including Germantown, the Highlands, Downtown Louisville, the University of Louisville, and major healthcare and business corridors.
With C-1 commercial zoning, the building can support a broad range of tenant and owner-user concepts, including professional offices and practices such as law, accounting, real estate, architecture/design, engineering, marketing, coworking, therapy or counseling, and certain medical or wellness-related uses. The flex space, reception area, and multiple office configuration also make it practical for organizations that need a mix of private rooms, meeting space, and support space.
Key Highlights
- 3,061 SF single‑level office building built in 1948
- 8 private offices plus additional flex space that may support a 9th office, storage, or specialty use
- Includes large conference room, spacious reception/waiting area, and large break room with kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,533
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,660
$790.7K
Cap Rate 7%
$564,757
$564.8K
Cap Rate 9%
$439,256
$439.3K
Market Conditions
NOI Build-Up for 3,061 SF
Gross rent
$64.3K $21.00/SF
− Vacancy
−$11.6K −$3.78/SF
EGI
$52.7K $17.22/SF
− OpEx
−$13.2K −$4.31/SF
NOI
$39.5K $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%
$790,660
Cap Rate 7%
$564,757
Cap Rate 9%
$439,256
Alternative Uses
Best Use
Office B
$564.8K
$494.2K – $658.9K
NOI $39,533 @ 7.0% cap · market cap 247,081.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$793.4K
$694.2K – $925.7K
NOI $55,539 @ 7.0% cap · market cap 347,118.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
8
Office units
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
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Business Placement
Demographics for 40217, KY
13,061
Population
6,840
Households
1.9
Avg Household Size
36
Median Age
48%
College-Educated
95%
High-School Grad
2.4 sq mi
ZIP Area
5,442
Density / Sq Mi
$68,573
Median Household Income
$48,298
Median Earnings
$1,150
Median Rent
$220,700
Median Home Value
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Market
Vacancy Rate% for Office in Louisville, KY
Frequently Asked Questions
What type of property is this?
Office building - Single-level office with private patio, abundant natural light, and multiple offices suited for professional and specialty uses.
Where is this office building located?
The property is located at 908 Minoma Ave Louisville, KY.
What are key features of this property?
This property features: 3,061 SF single‑level office building built in 1948; 8 private offices plus additional flex space that may support a 9th office, storage, or specialty use; Includes large conference room, spacious reception/waiting area, and large break room with kitchenette
