Two-Story Office
9911 Shelbyville Rd Louisville, KY 40223
9911 Shelbyville Rd, Louisville, KY, 40223
Contact for pricing
For Sale
Contact for pricing
Atrium Center is a 29,290 SF two-story office building built in 1989 with an elevated work environment.
Property Size13,611 SF
Price / SF$440.82
Days on Market119
Property Features for 9911 Shelbyville Rd
General Information
- Standard status
- Active
- Size
- 13,611 SF
- Property subtype
- OFFICE
Properties For Sale
at 9911 Shelbyville Rd Contact us
Listing Agency
CBRE Inc.
(502) 718-4150
Listed by
Michael P Somervell
(502) 718-4150
Source
Moodyscre
Added: Mar 25 Updated: Jul 20 at 4:33 pm Checked: Jul 20 at 4:33 pm
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.
Investment Insights
Based on property information with market context.
Atrium Center is a two-story office building built in 1989. The property totals 29,290 SF and is described as providing an elevated office environment.
Located in the heart of suburban Louisville near the intersection of Shelbyville Road and Hurstbourne Pkwy, the building offers easy access to interstates. The listing notes dozens of restaurants, fitness centers, and shopping within a 1 mile radius.
This offering is presented for sale as a complete office building option, suited to businesses seeking a multi-story workplace in a suburban commercial setting.
Located in the heart of suburban Louisville near the intersection of Shelbyville Road and Hurstbourne Pkwy, the building offers easy access to interstates. The listing notes dozens of restaurants, fitness centers, and shopping within a 1 mile radius.
This offering is presented for sale as a complete office building option, suited to businesses seeking a multi-story workplace in a suburban commercial setting.
Key Highlights
- 29,290 SF, two‑story office building built in 1989
- Located in suburban Louisville near the intersection of Shelbyville Road and Hurstbourne Pkwy
- Easy access to interstates
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 | $285.8k | $21.00 |
| − Vacancy | −$51.4k | −$3.78 |
| EGI | $234.4k | $17.22 |
| − OpEx | −$58.6k | −$4.31 |
| NOI | $175.8k | $12.92 |
13,611 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.51M
$2.20M – $2.93M
NOI $175,786 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.53M
$3.09M – $4.12M
NOI $246,958 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Oatley Team Real ...
Real Estate Agency
Jimmy Welch Team
Real Estate Agency
Arijan Kevric w/ ...
Real Estate Agency
Ruckriegel: Keller Williams ...
Real Estate Agency
Give A Goat, Inc.
Charitable Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Atrium Center is a 29,290 SF two-story office building built in 1989 with an elevated work environment.
Where is this office building located?
The property is located at 9911 Shelbyville Rd Louisville, KY.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 29,290 SF, two‑story office building built in 1989; Located in suburban Louisville near the intersection of Shelbyville Road and Hurstbourne Pkwy; Easy access to interstates
