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    13100 Magisterial Dr Louisville, KY 40223
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    Property profile & analytics

    13100 Magisterial Dr Louisville, KY 40223

    View on Map
    • Office buildings
    • 36,358 SF
    • 3.17 lot acres
    For Sale
    $4,662,500
    View Listing →
    Magisterial Drive Office Building For Sale
    $4,662,500
    36,222 SF

    Magisterial Drive Office Building

    Office building in Eastpoint Business Center for sale.

    13100 Magisterial Dr, Louisville, KY 40223
    View Listing
    Property ID
    US34-0086199
    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

    • Todays Payroll Solutions LLC / Tax Preparation
    • OTT Communications Inc / Marketing & Advertising / Advertising Agency
    • Creative Realities, Inc. / Corporate Office
    • The Pediatric Center for Natural Health / Alternative Medicine Practice
    • Geier Mark R MD / Physician

    Property Details for 13100 Magisterial Dr

    Year built
    1994
    Lot size
    3.17 lot acres
    Property size
    36,358 SF
    Zone code
    PEC-PLANNED EMPLOYMENT CE
    Property type
    Office buildings
    APN
    21269400650000
    APU
    21269400650000

    Description

    This single-story, 8,797-square-foot office building in Louisville, KY, presents a unique leasing opportunity. Located at 13100 Magisterial Dr, zip code 40223, this Class C property sits on a generous 3.19 acres of land and offers flexible space suitable for various office needs. The building currently has 5,907 square feet of vacant space available for lease, ideal for businesses seeking a significant footprint. The property's versatility accommodates executive, creative, and traditional office setups, making it an adaptable solution for a range of companies. The multiple tenancy structure allows for potential shared occupancy or division of the available space. This Louisville location offers convenient access to key transportation routes and amenities, making it an attractive option for employees and clients alike. The building's single-story design provides ease of access and navigation. Interested parties are encouraged to inquire about lease terms and availability for this expansive office space. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,350,000
      6.5%
      $7,705,000
      7%
      $7,155,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,287,000
      Market price range: $3.67M - $7.64M
      AI Estimate
      $8,288,000
      Market price range: $2.71M - $9.39M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,250,000
      Current use
      RESTAURANT
      $8,015,000
      Change: +53% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $6,965,000
      Change: +33% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.5094
    Latitude
    38.2675
    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
    $67,624
    $1,115,980
    $4,723,750
    $5,839,730
    -
    $1,115,980
    $4,723,750
    $5,839,730

    Comparable in this City

    • Value Estimation by Request
      3.83 Acres

      13410 Eastpoint Ctr Dr

      OFFICE BUILDING • 3.83 Acres
      13410 Eastpoint Ctr Dr, Louisville, KY 40223-4160
      View Details
    • Value Estimation
      $11,160,000
      55,479 SF

      1601 Ups Dr

      OFFICE BUILDING • 55,479 SF
      1601 Ups Dr, Louisville, KY 40223-4023
      View Details
    • Value Estimation
      $8,230,000
      46,560 SF

      2650 Eastpoint Pkwy

      OFFICE BUILDING • 46,560 SF
      2650 Eastpoint Pkwy, Louisville, KY 40223-5135
      View Details
    • Value Estimation
      $28,515,000
      153,500 SF

      10350 Ormsby Park Pl

      OFFICE BUILDING • 153,500 SF
      10350 Ormsby Park Pl, Louisville, KY 40223-6178
      View Details
    • Value Estimation
      $2,520,000
      15,080 SF

      1901 Nelson Miller Pkwy

      OFFICE BUILDING • 15,080 SF
      1901 Nelson Miller Pkwy, Louisville, KY 40223-2177
      View Details
    • Value Estimation
      $3,935,000
      17,356 SF

      11405 Park Rd

      OFFICE BUILDING • 17,356 SF
      11405 Park Rd, Anchorage, KY 40223-1476
      View Details

    Similar Nearby for Sale

    • 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
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      21,600 SF office property in Louisville's Eastpoint Business Center.
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      Office Condos For Sale/Lease

      Office condos available for sale or lease in Louisville, KY.
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    Similar Nearby for Lease

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      Class-A Office Space Available

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      View Details
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      91,650 SF

      Modern Office Building in Louisville

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      Modern office building with flexible floor plans and ample parking.
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      Class A Office Space Available

      Premier office building with on-site amenities and easy highway access.
      10300 Ormsby Park Pl, Louisville, KY 40223
      View Details
    • $27 SF/Yr
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      Class A Office Building

      Six-story office building with modern amenities and easy highway access.
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      View Details
    • $16 SF/Yr
      13,707 SF

      Updated Office Building For Rent

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    View Listing
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    13100 Magisterial Dr
    Louisville, KY 40223
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    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
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