Renovated Office Condo For
406 Blankenbaker Pkwy Douglass Hills, KY 40243
406 Blankenbaker Pkwy, Douglass Hills, KY, 40243
Contact for pricing
For Sale
Contact for pricing
1,560 SF renovated office condo with NNN tenant.
Property Size1,560 SF
Price / SF$176.28
Days on Market918
Property Features for 406 Blankenbaker Pkwy
General Information
- Standard status
- Active
- Size
- 1,560 SF
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing agency
eXp Commercial LLC
(502) 817-6484
Listed by
Stephanie Gilezan · License #KY 199560
Source
Crexi
Added: Jan 15, 2024 Updated: Jul 6 at 7:49AM Checked: Jul 21 at 10:52AM
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 eXp Commercial LLC
Investment Insights
Based on property information with market context.
This 1,560 square-foot office condo features new flooring, paint, and toilets. The layout includes six large offices, a conference room, a storage room, and two bathrooms. The property is located off Blankenbaker Parkway, situated between Shelbyville Road and I-64. It is being offered for sale with a NNN tenant.
Key Highlights
- Renovated office condo with new floors, paint, and toilets
- NNN Tenant in place
- Convenient location off Blankenbaker Parkway between Shelbyville Road and I‑64
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 | $24.9k | $15.96 |
| − Vacancy | −$4.8k | −$3.10 |
| EGI | $20.1k | $12.86 |
| − OpEx | −$5.0k | −$3.22 |
| NOI | $15.1k | $9.65 |
1,560 SF · lease $15.96/SF/yr · vacancy 19.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$215.0K
$188.1K – $250.9K
NOI $15,051 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$308.8K
$270.2K – $360.2K
NOI $21,613 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Office units - 1,560 SF renovated office condo with NNN tenant.
Where is this office units 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: Renovated office condo with new floors, paint, and toilets; NNN Tenant in place; Convenient location off Blankenbaker Parkway between Shelbyville Road and I‑64
