Leased Office Condo
914 Lily Creek Road Louisville, KY 40243
For Sale
Contact for pricing
Office building with condo fees covering management, exterior maintenance, insurance, landscaping, snow removal, and shared parking.
Property Size6,000 SF
Price / SF$158.33
Days on Market39
Property Features for 914 Lily Creek Road
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2015
Listing Agency:
RE/MAX Properties East
Listed By:
Paul Jordan · License #185995
Source:
Crexi
Added: Jun 15
Changed: Jul 23
Last Checked: Jul 23 at 3:59PM
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 RE/MAX Properties East
Investment Insights
Based on property information with market context.
This leased office condo building is 100% occupied by four tenants. The annual condo fee includes management, exterior building maintenance, building insurance, landscaping, snow removal, elevator services, water, parking lot care, and trash pick-up on the grounds and dumpsters.
The property is available for sale, with the provided information listing an NOI of $67,032.00. Please contact the agent for additional details about the building and offerings.
The property is available for sale, with the provided information listing an NOI of $67,032.00. Please contact the agent for additional details about the building and offerings.
Key Highlights
- 2015‑built office building with condo fees that cover management, exterior building maintenance, and building insurance
- Condo fees also include landscaping, snow removal, elevator, water, and trash pick‑up on the grounds
- Includes parking lot and dumpster services as part of the annual condo fee
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.0k | $21.00 |
| − Vacancy | −$22.7k | −$3.78 |
| EGI | $103.3k | $17.22 |
| − OpEx | −$25.8k | −$4.31 |
| NOI | $77.5k | $12.92 |
6,000 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.11M
$968.6K – $1.29M
NOI $77,490 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.81M
NOI $108,864 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
FBC Mortgage, LLC
Loan Service
Rivas Law Firm ...
Law Firm
Hartfield Elder Law
Law Firm
Flite Access
Freight Service
Intuitive Touch By ...
Alternative Medicine Practice
FAQs
What type of property is this?
Office building - Office building with condo fees covering management, exterior maintenance, insurance, landscaping, snow removal, and shared parking.
Where is this office building located?
The property is located at 914 Lily Creek Road Louisville, KY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2015‑built office building with condo fees that cover management, exterior building maintenance, and building insurance; Condo fees also include landscaping, snow removal, elevator, water, and trash pick‑up on the grounds; Includes parking lot and dumpster services as part of the annual condo fee
