Two-Story Office Building For
1325 S 4th St, Louisville, KY 40208
14,223 SF office building on .596 acre lot.
Type:Office
Property size:
14,233 SFLot size:
0.59 AcresPrice / SF:
$144/SF- Added:
- Apr 25, 2024
- Days on Market:
- 769
- Last Refresh:
- May 12 at 9:07 pm
Property Features for 1325 S 4th St
General Information
- Standard status
- Active
- Size
- 14,233 SF
- Lot size
- 0.59 Acres
- Property subtype
- Office
Listing agent Daniel Dunlevy License #KY 63546
Listing office Walter Wagner Jr Company LLC
Listing date Apr 25, 2024
Source Crexi
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
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
- 37 Parking Spaces
- Finished 3,488 SF Basement with Open Office Area and Two Restrooms
- Lobby/Reception Area, Conference Room, Private Offices, Break Areas, and Storage Space
Overview
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.
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 Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.7605792
- Latitude
- 38.2315724
Nearby Similar for Sale
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
