4122 Shelbyville Rd Saint Matthews, KY 40207-3242
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.
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Gregory E. Strull, D.M.D. Dental Office
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Wisdom Dental Ceramics Dental Office
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N. James Strull, D.M.D. Dental Office
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Dr Steven Blanchard Dental Office
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Kenneth J. Hofmann, DMD PSC Dental Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OR3-OFFICE/RESIDENTIAL · Saint Matthews, KYCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.