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    2932 Breckenridge Ln Meadowview Estates, KY 40220-1400

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    2932 Breckenridge Ln Meadowview Estates, KY 40220-1400

    View on Map
    • Office buildings
    • 4,130 SF
    • 1.49 lot acres
    Off-Market
    Property ID
    US34-2369301
    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
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 2932 Breckenridge Ln

    Year built
    1995
    Lot size
    1.49 lot acres
    Property size
    4,130 SF
    Zone code
    OR3-OFFICE/RESIDENTIAL
    Property type
    Office buildings
    APN
    22053200110000
    APU
    22053200110000

    Description

    This exceptional Louisville, KY office property, located at 2932 Breckenridge Ln, zip code 40220, offers a prime opportunity for medical or traditional office tenants. The building totals 3,953 square feet and features multiple tenancies, with a minimum divisible space of 1,327 square feet. Currently, one suite of 1,811 square feet is immediately available. This turnkey space is ideally situated in the Hikes Point/Dupont area, providing excellent access to a thriving medical corridor. The property benefits from its proximity to major medical facilities, including a large medical office building (MOB) and significant healthcare expansions nearby on Taylorsville Road and Breckenridge Lane. This strategic location ensures high visibility and convenient access for patients and staff. The building's address is easily accessible from I-264, enhancing its appeal to a wide range of businesses. This is a rare opportunity to secure high-quality office space in a rapidly growing medical hub. Contact us today to schedule a viewing and learn more about this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $710,000
      6.5%
      $655,000
      7%
      $605,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $622,000
      Market price range: $410k - $622k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $545,000
      Current use
      AUTO REPAIR, GARAGE
      $765,000
      Change: +41% Conversion: Difficult
      RETAIL STORES
      $530,000
      Change: -3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Meadowview Estates
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.6338
    Latitude
    38.2228
    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
    $20,342
    $521,220
    $1,220,380
    $1,741,600
    -
    $521,220
    $1,220,380
    $1,741,600

    Comparable in this City

    • Value Estimation by Request
      2.92 Acres

      2944 Breckenridge Ln

      OFFICE BUILDING • 2.92 Acres
      2944 Breckenridge Ln, Meadowview Estates, KY 40220-1409
      View Details
    • Value Estimation by Request
      0.08 Acres

      3823 12th Rosemont Ave

      OFFICE BUILDING • 0.08 Acres
      3823 12th Rosemont Ave, Louisville, KY 40220-2013
      View Details
    • Value Estimation
      $960,000
      4,834 SF

      4630 Taylorsville Rd

      OFFICE BUILDING • 4,834 SF
      4630 Taylorsville Rd, Louisville, KY 40220-3530
      View Details
    • Value Estimation
      $950,000
      4,789 SF

      2933 Richland Ave

      OFFICE BUILDING • 4,789 SF
      2933 Richland Ave, Louisville, KY 40220-2480
      View Details
    • Value Estimation
      $8,055,000
      67,050 SF

      9410 Bunsen Pkwy

      OFFICE BUILDING • 67,050 SF
      9410 Bunsen Pkwy, Hurstbourne Acres, KY 40220-4209
      View Details
    • Value Estimation
      $1,975,000
      9,948 SF

      4101 Taylorsville Rd

      OFFICE BUILDING • 9,948 SF
      4101 Taylorsville Rd, Louisville, KY 40220-1541
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Fern Creek Multifamily Investment Opportunity

      Well-maintained 12-unit property in desirable Fern Creek/Hikes Point area.
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      High-Visibility Lot in Retail Corridor

      Strategically located 0.98-acre lot in a high-traffic retail area.
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      Louisville Multifamily Investment Opportunity

      32-unit apartment community with immediate rental upside in Louisville, Kentucky.
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    Similar Nearby for Lease

    • $25 SF/Yr
      7,178 SF

      Class A Office Building Planned

      New office building with prominent signage and flexible layout.
      9396 Bunsen Pkwy, Louisville, KY 40220
      View Details
    • Contact for pricing

      Class A Office Building

      Office building near I-64 and Hurstbourne Parkway available for rent.
      9410 Bunsen Pkwy, Louisville, KY 40220
      View Details
    • $19 SF/Yr
      86,610 SF

      Hurstbourne Acres Office Space Available

      86,610± SF office space with ample parking and amenities.
      9390 Bunsen Pkwy, Hurstbourne Acres, KY 40220
      View Details
    • Contact for pricing

      Office Space Near Watterson X-Way

      Office space for rent, conveniently located near major routes.
      3830 Taylorsville Rd, Louisville, KY 40220
      View Details
    • Contact for pricing

      Prime Commercial Office Space Available

      Office space for lease in a high-visibility Louisville location.
      2009 S Hurstbourne Pkwy, Louisville, KY 40220
      View Details
    • Contact for pricing

      Renovated Office Suite Available

      Move-in ready office suite with flexible layout and ample parking.
      3046 Breckenridge Ln, Louisville, KY 40220
      View Details
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    Meadowview Estates, KY 40220-1400
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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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