Two-Story Office Building For
1325 S 4th St Louisville, KY 40208
1325 S 4th St, Louisville, KY, 40208
Contact for pricing
For Sale
Contact for pricing
Pending
14,223 SF office building on .596 acre lot.
Property Size14,233 SF
Lot Size0.59 Acres
Days on Market815
Property Features for 1325 S 4th St
General Information
- Standard status
- Pending
- Size
- 14,233 SF
- Lot size
- 0.59 Acres
- Property subtype
- Office
Listing Agency
Walter Wagner Jr Company LLC
(502) 562-9200
Listed by
Daniel Dunlevy · License #KY 63546
Source
Crexi
Added: Apr 25, 2024 Checked: Jul 17 at 3:59 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 Walter Wagner Jr Company LLC
Investment Insights
Based on property information with market context.
This two-story building, encompassing 14,223 square feet, is situated on the northeast corner of S 4th Street and Park Avenue, Louisville, KY. The property occupies a 0.596-acre parcel, equivalent to 25,979 square feet, and includes 37 parking spaces. Zoned TNZD, the building is suitable for various uses such as medical, law practice, non-profit, marketing, engineering, and architectural firms. A new roof and HVAC system were installed in 2019. The first two floors feature a lobby/reception area, conference room, private offices, break areas, storage space, and four restrooms with multiple fixtures. The 3,488-square-foot finished basement, not included in the gross square footage, offers an open office area, two additional restrooms with multiple fixtures, a mechanical room, and a wet fire protection system.
Key Highlights
- 14,223 SF Two Story Building on .596 Acre Parcel
- New Roof and HVAC (2019)
- Zoned TNZD: Suitable for Medical, Law, Non‑Profit, Marketing, Engineering, and Architectural Firms
Local 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 | $298.9k | $21.00 |
| − Vacancy | −$53.8k | −$3.78 |
| EGI | $245.1k | $17.22 |
| − OpEx | −$61.3k | −$4.31 |
| NOI | $183.8k | $12.92 |
14,233 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.63M
$2.30M – $3.06M
NOI $183,819 @ 7.0% cap · market cap 8.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.30M
NOI $258,244 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - 14,223 SF office building on .596 acre lot.
Where is this office building located?
The property is located at 1325 S 4th St Louisville, KY.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: 14,223 SF Two Story Building on .596 Acre Parcel; New Roof and HVAC (2019); Zoned TNZD: Suitable for Medical, Law, Non‑Profit, Marketing, Engineering, and Architectural Firms
