Medical Office in Outpatient
225 Abraham Flexner Way Louisville, KY 40202
225 Abraham Flexner Way, Louisville, KY, 40202
Contact for pricing
For Sale
Contact for pricing
Medical office space within UofL Health - Abraham Flexner Center.
Property Size3,005 SF
Price / SF$198
Days on Market2240
Property Features for 225 Abraham Flexner Way
General Information
- Standard status
- Active
- Size
- 3,005 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing Agency
Caliber Commercial Properties
(502) 365-5009
Listed by
David Barker · License #KY 61476
Source
Crexi
Added: May 30, 2020 Checked: Jul 17 at 5:33 am
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 Caliber Commercial Properties
Investment Insights
Based on property information with market context.
This medical office is located within the UofL Health - Abraham Flexner Outpatient Care Center. The 3,005 square foot space was previously configured as an oral surgery suite. The layout includes a waiting room, two reception areas, four operatories, five offices, three surgery rooms, a recovery room, a lounge/break area, an X-ray room, a lab, and a private restroom.
Key Highlights
- Located in the UofL Health - Abraham Flexner Outpatient Care Center.
- Previously used as an oral surgery suite.
- Features 4 operatories and 3 surgery rooms.
Local Financial Insights For Healthcare Medical
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 | $72.1k | $24.00 |
| − Vacancy | −$7.2k | −$2.40 |
| EGI | $64.9k | $21.60 |
| − OpEx | −$26.0k | −$8.64 |
| NOI | $38.9k | $12.96 |
3,005 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$556.4K
$486.8K – $649.1K
NOI $38,945 @ 7.0% cap · market cap 6.55%
Second Best
Office B
$554.4K
$485.1K – $646.8K
NOI $38,810 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$778.9K
$681.5K – $908.7K
NOI $54,523 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
UofL Health - Abraham ...
Hospital
Jewish Hospital GI ...
Medical Clinic
UofL Physicians - Physical ...
Medical Clinic
Jackson E. Gall, ...
Physician
Amber Lewis, OT
Physician
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- The Downtown Animal Hospital — 120 N Clay St, Louisville, KY 40202
FAQs
What type of property is this?
Medical Office Space - Medical office space within UofL Health - Abraham Flexner Center.
Where is this medical office space located?
The property is located at 225 Abraham Flexner Way Louisville, KY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Located in the UofL Health - Abraham Flexner Outpatient Care Center.; Previously used as an oral surgery suite.; Features **4 operatories and 3 surgery rooms**.
