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    406 Blankenbaker Pkwy Douglass Hills, KY 40243

    Sponsored
    For Sale
    $275,000

    NNN Leased, $275K, High ROI

    Property size:
    1,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1,560 sq ft executive office condo, located at 406 Blankenbaker Pkwy, Douglass Hills, KY 40243, is a Class B, stabilized investment property with a strong 6.11% cap rate. Recently renovated in 2024, it boasts new floors, paint, and toilets. The layout includes six large offices, a conference room, a storage room, and two bathrooms. Currently 100% occupied under a NNN lease with a corporate guarantee, the tenant pays $1,400 per month ($16,800 annually) on a three-year lease commencing July 1, 2024, with 3% annual escalations. The property sits conveniently off Blankenbaker Parkway, between Shelbyville Road and I-64, in Jefferson County. The asking price is $275,000, representing a price per square foot of $176.28. Built in 2000, this single-unit, two-story building is zoned OR3. The Net Operating Income (NOI) is $16,800. This is an exceptional opportunity for investors seeking a stable, high-return investment with a strong tenant.

    Property Features for 406 Blankenbaker Pkwy

    General Information

    Property type
    Medical offices
    Square Feet
    1,560 SF
    Class
    B

    Building Details

    Year Built/Renovated
    2000/2024
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • $1,400/month lease rate ($16,800 annually).
    • Three‑year lease term commencing July 1, 2024.
    • Annual rent escalations of 3%.
    Property Profile Location Intelligence

    Current Use by Public Records

    Amy Pruitt Real Estate Agent Home & Comfort Realty ... Real Estate Agency Real Estate MarketPlace ... Real Estate Agency Aspire2Be Counseling Family Counselor BrightStar Care Home Health Care Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Douglass Hills
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.544824104935
    Latitude
    38.23935889549

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    FAQs

    What type of property is this?
    Medical office - NNN Leased, $275K, High ROI
    Where is this medical office located?
    The property is located at 406 Blankenbaker Pkwy Douglass Hills, KY.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: $1,400/month lease rate ($16,800 annually).; Three-year lease term commencing July 1, 2024.; Annual rent escalations of 3%.
    Request Owner's contact information
    406 Blankenbaker Pkwy Douglass Hills, KY 40243
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    406 Blankenbaker Pkwy Douglass Hills, KY 40243
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