Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5932 Timber Ridge Dr Prospect, KY 40059
    Back to Search
    Property profile & analytics

    5932 Timber Ridge Dr, Prospect, KY 40059

    View on Map
    • Office Spaces
    • 1,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kentucky Auto and Truck Recyclers Association / Association / Organization
    • Total Joint Pro / Medical Clinic
    • Kentucky Fire Sprinkler Contractors Association / Association / Organization
    • Kentucky Building Materials Association / Association / Organization
    • Kentucky Podiatric Medical Association / Association / Organization

    Property Details for 5932 Timber Ridge Dr

    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 1,200 square foot commercial property, located at 5932 Timber Ridge Dr, Unit 201 in Jefferson County, presents a unique investment opportunity. The space is currently vacant and ready for immediate occupancy, offering flexibility for a variety of uses. Classified as both Medical Office and Flex space, it caters to diverse business needs. The property's zoning designation, OR - Office/Residential District, allows for a range of potential tenants. The building's total square footage is 1,200 square feet, all of which is currently available. This single-tenant space provides an ideal environment for businesses seeking a dedicated and private workspace. The property's APN is 3304003C0000. Its versatility makes it suitable for medical practices, flexible workspaces, or other compatible businesses. The property is situated in a convenient location, offering easy access to local amenities and transportation routes (specific location details are not provided). This is an excellent chance to secure a well-located, adaptable commercial space in a thriving area. The property is ready for immediate customization to suit your business's specific requirements. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Prospect
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.6224
    Latitude
    38.3384

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      5932 Timber Ridge Dr

      Office buildings
      5932 Timber Ridge Dr, Prospect, KY 40059
      View Details
    • Value Estimation
      $940,000
      3,347 SF

      10639 Meeting St, Unit 101

      CONDOMINIUM OFFICES
      10639 Meeting St, Prospect, KY 40059-6503
      View Details
    • Value Estimation by Request
      1,121 SF

      5924 Timber Rdg Dr Ste, Unit 202

      CONDOMINIUM OFFICES
      5924 Timber Rdg Dr Ste, Prospect, KY 40059-8189
      View Details
    • Value Estimation by Request
      5,000 SF

      12103 Riv Beauty Loop

      Office Spaces
      12103 Riv Beauty Loop, Prospect, KY 40059
      View Details
    • Value Estimation by Request
      800 SF

      13011 Us-42

      Office Spaces
      13011 Us-42, Prospect, KY 40059
      View Details
    • Value Estimation by Request
      1,121 SF

      5940 Timber Ridge Dr

      Office Units
      5940 Timber Ridge Dr, Prospect, KY 40059
      View Details

    Similar Nearby for Sale

    • $999,900
      1.24 Acres

      River View Lot in Prospect

      Gated community lot with river views available for custom build.
      8216 Sutherland Farm Rd, Prospect, KY 40059
      View Details
    • $99,900
      0.37 Acres

      Residential Lot in Prospect, KY

      Residential lot available in the desirable Prospect area.
      7500 River Rd, Prospect, KY 40059
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Proposed Office Building For Lease

      Proposed four-story office building with ample parking and green space.
      5220 Chamberlain Ln, Prospect, KY 40059
      View Details
    • Contact for pricing

      Historic Office Space in Prospect

      Historic office spaces available in the heart of Prospect.
      12927 Us Highway 42 W, Prospect, KY 40059
      View Details
    • Contact for pricing
      5,000 SF

      Norton Commons Class A Office

      New office space for sublease in Prospect, Kentucky.
      12103 River Rd, Prospect, KY 40059
      View Details
    • Contact for pricing

      Commercial Land in Hunters Ridge

      Ground lease opportunity in established Prospect shopping center.
      13206 W Us Highway 42 U.S, Prospect, KY 40059
      View Details
    • Contact for pricing
      1,460 SF

      Retail Space Available For Lease

      Retail property available for lease with 5625 square feet.
      5929 Timber Ridge Dr, Prospect, KY 40059
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5932 Timber Ridge Dr
    Prospect, KY 40059
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5932 Timber Ridge Dr, Prospect, KY, 40059
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!