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Property profile & analytics
OFF-MARKET Estimated value $4,250,000
Office buildings

4122 Shelbyville Rd Saint Matthews, KY 40207-3242

20,985 SF 1.76 ac lot Built 1960
Entity Owned 4-yr Hold Free & Clear
Property ID
US34-0343953
Property summary
AI-generated overview

This exceptional 1,344 square foot medical office suite is located within the St. Matthews Healthcare Plaza, a two-building complex situated on a 1.76-acre lot (76,666 square feet total) at 4122 Shelbyville Rd, Louisville, KY 40207. The property, built in 1960 and renovated in 2006, boasts a Class B rating and offers convenient access from a signalized intersection at Shelbyville Rd & Thierman Ln. Ample parking is available for tenants and visitors. The suite itself benefits from recent upgrades and enjoys excellent visibility due to its prime location. The larger plaza features a total of 26,519 square feet and is zoned OR-3. The property is also available for purchase, presenting a compelling investment opportunity with a current Net Operating Income (NOI) of approximately $339,930.40, featuring annual rent increases and CAM bill-backs for existing tenants. The surrounding area offers numerous amenities, including shopping, dining, and fitness facilities. The potential exists to expand the building by approximately 4,000+ square feet at the front, facing Shelbyville Road. This suite is ideally suited for a dental practice, offering easy access and significant parking.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Total area 20,985 SF
Lot 1.76 ac (76,753 SF)
Zoning code OR3-OFFICE/RESIDENTIAL
APN 22002800100000
UPID US34-0343953
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Gregory E. Strull, D.M.D. Dental Office
  • Wisdom Dental Ceramics Dental Office
  • N. James Strull, D.M.D. Dental Office
  • Dr Steven Blanchard Dental Office
  • Kenneth J. Hofmann, DMD PSC Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.13M
CAP Approach CAP
$4.45M
Comparable Approach Comparable
$4.39M
Blend (final) Blend
$4.25M
Owner & transaction history
Smhp LLC · 4 yrs held
Smhp LLC
since 2022
Last sale
$4.1M
4 recorded transactions
2022
$4.1M
2021
Price N/A
2018
Price N/A
1969
Price N/A
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Saint Matthews, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $4.6M +23.5%
Retail stores $4.6M +22.5%
Auto repair, garage $4.0M +7.3%
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