Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10350 Ormsby Park Pl Louisville, KY 40223
    Back to Search
    Property profile & analytics

    10350 Ormsby Park Pl, Louisville, KY 40223

    View on Map
    • Office buildings
    • 153,500 SF
    • 8.62 lot acres
    For Lease
    $28,515,000
    View Listing →
    Class A Office Building For Lease
    $28,515,000
    53,485 SF

    Class A Office Building

    Six-story office building with on-site conference facility and coffee shop.

    10350 Ormsby Park Pl, Louisville, KY 40223
    View Listing
    Property ID
    US34-2396587
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • GRW Engineers Inc. / Engineering Consultant
    • Black & Veatch / Engineering Consultant / Engineer
    • Jefferson National Life Insurance Company / Insurance Agency
    • PGP Title - Kentucky / Title Company
    • Long John Silvers Corporate Office / Corporate Office

    Property Details for 10350 Ormsby Park Pl

    Year built
    2001
    Construction
    TILT-UP CONCRETE
    Lot size
    8.62 lot acres
    Zone code
    C1-COMMERCIAL
    Property type
    Office buildings
    APN
    21320800210000
    APU
    21320800210000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $35,245,000
      6.5%
      $32,535,000
      7%
      $30,210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $24,800,000
      Market price range: $15.5M - $32.3M
      AI Estimate
      $28,210,000
      Market price range: $11.4M - $39.6M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $22,175,000
      Current use
      RESTAURANT
      $33,835,000
      Change: +53% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $29,395,000
      Change: +33% Conversion: Difficult
      RETAIL STORES
      $19,530,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.5648
    Latitude
    38.264
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $228,160
    $3,380,160
    $16,494,410
    $19,874,570
    -
    $3,380,160
    $16,494,410
    $19,874,570

    Comparable in this City

    • Value Estimation
      $865,000
      3,825 SF

      12906 Old Henry Rd

      OFFICE BUILDING
      12906 Old Henry Rd, Louisville, KY 40223-4734
      View Details
    • Value Estimation
      $7,195,000
      39,216 SF

      10140 Linn Sta Rd

      OFFICE BUILDING
      10140 Linn Sta Rd, Louisville, KY 40223-3813
      View Details
    • Value Estimation
      $2,290,000
      10,200 SF

      1860 Williamson Ct

      OFFICE BUILDING
      1860 Williamson Ct, Louisville, KY 40223-4114
      View Details
    • Value Estimation
      $4,385,000
      35,726 SF

      9780 Ormsby Sta Rd

      OFFICE BUILDING
      9780 Ormsby Sta Rd, Louisville, KY 40223-4049
      View Details
    • Value Estimation
      $13,350,000
      82,620 SF

      9931 Corporate Campus Dr

      OFFICE BUILDING
      9931 Corporate Campus Dr, Louisville, KY 40223-4035
      View Details
    • Value Estimation
      $28,690,000
      153,500 SF

      10300 Ormsby Park Pl

      OFFICE BUILDING
      10300 Ormsby Park Pl, Louisville, KY 40223-6168
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,600 SF

      Eastpoint Business Center Office Property

      21,600 SF office property in Louisville's Eastpoint Business Center.
      2031 Nelson Miller Pkwy, Louisville, KY 40223
      View Details
    • Contact for pricing

      Linn Station Move-In Ready Office

      17,000 SF move-in ready office space in Plainview Office Park.
      10100 Linn Station Rd, Louisville, KY 40223
      View Details
    • Contact for pricing
      36,222 SF

      Magisterial Drive Office Building

      Office building in Eastpoint Business Center for sale.
      13100 Magisterial Dr, Louisville, KY 40223
      View Details
    • $1,995,000

      Eastpoint Business Park Office Building

      Single-story office building in Eastpoint Business Park with flexible layout.
      1860 Williamson Ct, Louisville, KY 40223
      View Details
    • $875,000
      5,070 SF

      Modern Office Condo in Louisville

      Two-story office condo in Eastpoint Business Park, Louisville.
      13107 Eastpoint Park Blvd, Louisville, KY 40223
      View Details
    • Contact for pricing

      Office Condos For Sale/Lease

      Office condos available for sale or lease in Louisville, KY.
      1700 Ups Dr, Louisville, KY 40223
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Triad East Office Building

      Modern office building with flexible floor plans and ample parking.
      10200 Linn Station Rd, Louisville, KY 40223
      View Details
    • Contact for pricing

      Class-A Office Space Available

      Office space for rent in Louisville's Hurstbourne Green Office Park.
      9510 Ormsby Station Rd, Louisville, KY 40223
      View Details
    • Contact for pricing

      Class A Office Space

      Class A office building for lease in Eastpoint Business Park.
      13551 Triton Park Blvd, Louisville, KY 40223
      View Details
    • $16 SF/Yr
      13,707 SF

      Updated Office Building For Rent

      Two-story office building with professional management and ample parking.
      10180 Linn Station Rd, Louisville, KY 40223
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space for rent with ample parking.
      9700 Ormsby Station Rd, Louisville, KY 40223
      View Details
    • Contact for pricing

      Class A Office Sublease Opportunity

      Move-in ready office space in the Hurstbourne corridor.
      9960 Corporate Campus Dr, Louisville, KY 40223
      View Details
    View Listing
    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.
    10350 Ormsby Park Pl
    Louisville, KY 40223
    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
    10350 Ormsby Park Pl, Louisville, KY, 40223
    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!