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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2000 High Wickham Pl Louisville, KY 40245-5909

    • Office buildings
    • 23,192 SF
    • 3.83 lot acres
    OFF-MARKET
    Value Estimations
    $4,915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0293083
    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.

    Current Use by Public Records

    • CoBank Regional Banking Center (Louisville, KY) / Bank / Loan Service
    • Schulte Hospitality Group / Corporate Office
    • Collegiate Hotel Group / Hotel & Motel
    • FedEx Drop Box / Postal Service / Courier Service

    Property Details for 2000 High Wickham Pl

    Year built
    2009
    Lot size
    3.83 lot acres
    Property size
    23,192 SF
    Property type
    Office buildings
    APN
    21366000140000
    APU
    21366000140000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,020,000
      6.5%
      $4,635,000
      7%
      $4,305,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,893,000
      Market price range: $1.85M - $3.89M
      AI Estimate
      $6,219,000
      Market price range: $1.17M - $6.22M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $5,110,000
      AUTO REPAIR, GARAGE
      $4,440,000
      RETAIL STORES
      $2,950,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.4909
    Latitude
    38.2696
    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
    $98,754
    $1,606,500
    $6,921,460
    $8,527,960
    -
    $1,606,500
    $6,921,460
    $8,527,960

    Comparable in this City

    • Value Estimation
      $5,765,000
      32,334 SF

      3309 Collins Ln

      OFFICE BUILDING • 32,334 SF
      3309 Collins Ln, Louisville, KY 40245-1629
      View Details
    • Value Estimation
      $640,000
      3,252 SF

      2719 Chamberlain Ln

      OFFICE BUILDING • 3,252 SF
      2719 Chamberlain Ln, Louisville, KY 40245-1603
      View Details
    • Value Estimation by Request
      20.50 Acres

      2600 James Thornton Way

      OFFICE BUILDING • 20.50 Acres
      2600 James Thornton Way, Louisville, KY 40245-5329
      View Details
    • Value Estimation by Request
      1.16 Acres

      2950 Terra Xing Blvd

      OFFICE BUILDING • 1.16 Acres
      2950 Terra Xing Blvd, Louisville, KY 40245-5350
      View Details
    • Value Estimation by Request
      2.95 Acres

      2101 High Wickham Pl

      OFFICE BUILDING • 2.95 Acres
      2101 High Wickham Pl, Louisville, KY 40245-5901
      View Details
    • Value Estimation
      $1,465,000
      6,917 SF

      12317 Old Lagrange Rd

      OFFICE BUILDING • 6,917 SF
      12317 Old Lagrange Rd, Louisville, KY 40245-2164
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,003 SF

      Freestanding Building in East Louisville

      High-demand location near Kroger-anchored center with significant growth potential.
      13011 Factory Ln, Louisville, KY 40245
      View Details
    • $3,750,000
      14.50 Acres

      Shelbyville Road Development Opportunity

      14.5 Acres, Prime Louisville Location
      18406 Shelbyville Rd, Louisville, KY 40245
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    • $274,950

      Residential Land in Louisville, KY

      Residential land for sale in Louisville, near Beckley Creek Park.
      15111 Beckley Spg Dr, Louisville, KY 40245
      View Details
    • $274,950

      Residential Land in Louisville, KY

      Residential lot in a private community near Beckley Creek Park.
      15109 Beckley Spg Dr, Louisville, KY 40245
      View Details
    • $349,900
      0.80 Acres

      Residential Lot in Louisville East

      Spacious 0.8-acre lot in desirable Middletown area, build your dream home.
      14108 Lake Forest Ln, Louisville, KY 40245
      View Details
    • $349,900
      1.40 Acres

      Residential Lot in Louisville East

      1.4-acre residential building lot in Louisville's desirable east end.
      14104 Lake Forest Ln, Louisville, KY 40245
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      24,152 SF

      East End Office Space, Louisville KY

      Prime East End Office: Flexible Suites Available
      2400 Bush Ridge Dr, Louisville, KY 40245
      View Details
    • $19 SF/Yr
      20,056 SF

      Epic Plaza: Louisville Office Space

      Prime Louisville retail & medical office suites.
      12910 Factory Ln, Louisville, KY 40245
      View Details
    • $19 SF/Yr
      5,639 SF

      Anchorage Plaza: Prime Office Space

      Louisville, KY: Modern Office Suites
      12905 Factory Ln, Louisville, KY 40245
      View Details
    • $7 SF/Yr
      98,800 SF

      98,800 SF Warehouse Space

      Warehouse space with immediate access to I-265.
      13620 Northeast Park Dr, Louisville, KY 40245
      View Details
    • Contact for pricing

      Prime Commercial Land Available

      Up to 4.42 acres in high-growth, high-income area.
      13820 Old Henry Rd, Louisville, KY 40245
      View Details
    • $14 SF/Yr
      19,575 SF

      East End Industrial Site

      Functional space with built-in growth potential in Louisville.
      13711 Aiken Rd, Louisville, KY 40245
      View Details
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    Louisville, KY 40245-5909
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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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