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Financial
Distress signals
Property profile

2031 Nelson Miller Pkwy Louisville, KY 40223

FOR LEASE
Office buildings
Property ID
US34-2325964
14,400 SF 2.05 ac lot Built 1999
Last sale Jun 2026 · $2,525,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This office property consists of a 21,600-square-foot building constructed in 1999, situated on 1.89 acres within the Eastpoint Business Center. The building is classified for office use and has been configured to serve as a dedicated workplace or headquarters setting. Located in northeastern Jefferson County, Louisville, Kentucky, the site provides access to major interstate highways and regional traffic arteries. The property is zoned PEC (Planned Employment Center District), which governs the applicable land-use designation for the site.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$32k
Tax billed · 2023
Assessed value$2.74M
Assessed land$661k
Assessed improvement$2.08M
Effective rate1.16%

Value estimate

· Oct 2026
$3.27M
$2.94M – $3.59M
CAP approach$3.05M
Submarket $/SF estimate$3.03M
NOI build-up
Gross scheduled income$454k
Vacancy & credit loss−$82k
Operating expenses−$93k
NOI · 2,324,700.00% cap applied$279k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$144/SF
ZIP average, outlier-cleaned · 89 recorded sales of this use type
Observed band · Q1–Q3$101 – $210
Qualifying comparables6

Cap rate analysis

How does the asset earn?
2,324,700.00%
$279k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PEC-PLANNED EMPLOYMENT CE
JurisdictionJEFFERSON

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant10.5
Auto Repair Shop10.4
HVAC Service10.4

Location

2031 Nelson Miller Pkwy Louisville, KY 40223
County assessor Recorded deeds · 7 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9620 Ormsby Sta, Louisville, KY 40223 $1,700,000 May 2024 12,525 SF
2900 Eastpoint, Louisville, KY 40223-4186 $2,525,000 Jul 2022 16,911 SF
13100 Eastpoint Park, Louisville, KY 40223-3157 $1,530,000 Apr 2022 11,376 SF
13160 Magisterial, Louisville, KY 40223-4102 $6,018,000 Apr 2022 12,810 SF
9405 Ml Brk, Louisville, KY 40223-5034 $1,875,000 Jan 2021 9,820 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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