One-Story Office
For Sale
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9721 Ormsby Station Road, Louisville, KY 40223
Single-story office building in Hurstbourne Green Office Park on a prominent site along Ormsby Station Road.
Property Size103,410 SF
Lot Size10.57 Acres
Price / SF$0.00
Days on Market98
Property Features for 9721 Ormsby Station Road
General Information
Standard status
Active
Size
103,410 SF
Lot size
10.57 Acres
Property subtype
Office
Additional Details
Business Included
No
Building Details
Stories
1
Listing Agency:
CBRE Inc.
Listed By:
Jeff Dreher
(502) 412-7610
Source:
Cbre
Added: Jul 27
Changed: Oct 25
Last Checked: Oct 30 at 12:19PM
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 CBRE Inc.
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Investment Insights
Based on property information with market context.
9721 Ormsby Station Road is a one-story office building located within Hurstbourne Green Office Park. The property totals 103,410 square feet and sits on a 10.57-acre site.
The building is positioned along Ormsby Station Road and overlooks an adjacent lake and surrounding green space, creating a park-like setting for building tenants.
The offering is well-suited for office uses that benefit from a single-story layout within a suburban office park setting.
The building is positioned along Ormsby Station Road and overlooks an adjacent lake and surrounding green space, creating a park-like setting for building tenants.
The offering is well-suited for office uses that benefit from a single-story layout within a suburban office park setting.
Key Highlights
- One‑story 103,410 SF office building in the Hurstbourne Green Office Park
- Located on a prominent 10.57‑acre site along Ormsby Station Road
- Panoramic views of an adjacent lake and surrounding green space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,335,540
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,710,800
$26.7M
Cap Rate 7%
$19,079,143
$19.1M
Cap Rate 9%
$14,839,333
$14.8M
Market Conditions
NOI Build-Up for 103,410 SF
Gross rent
$2.17M $21.00/SF
− Vacancy
−$390.9K −$3.78/SF
EGI
$1.78M $17.22/SF
− OpEx
−$445.2K −$4.31/SF
NOI
$1.34M $12.92/SF
Area
Louisville, KY
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,710,800
Cap Rate 7%
$19,079,143
Cap Rate 9%
$14,839,333
Alternative Uses
Best Use
Office B
$19.08M
$16.69M – $22.26M
NOI $1,335,540 @ 7.0% cap · market cap 7,631,657.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$26.80M
$23.45M – $31.27M
NOI $1,876,271 @ 7.0% cap · market cap 10,721,548.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
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Business Placement
Demographics for 40223, KY
23,227
Population
10,387
Households
2.2
Avg Household Size
42
Median Age
58%
College-Educated
97%
High-School Grad
12.1 sq mi
ZIP Area
1,920
Density / Sq Mi
$97,033
Median Household Income
$60,744
Median Earnings
$1,431
Median Rent
$343,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Louisville, KY
Frequently Asked Questions
What type of property is this?
Office building - Single-story office building in Hurstbourne Green Office Park on a prominent site along Ormsby Station Road.
Where is this office building located?
The property is located at 9721 Ormsby Station Road Louisville, KY.
What are key features of this property?
This property features: One‑story 103,410 SF office building in the Hurstbourne Green Office Park; Located on a prominent 10.57‑acre site along Ormsby Station Road; Panoramic views of an adjacent lake and surrounding green space
