4801 Olympia Park Plz, Louisville, KY 40241
- Office buildings
- 124,760 SF
- 8.33 lot acres
Current Use by Public Records
- Lucina Health / (Bike/Boat/Book/etc) Store / Corporate Office
- Homecare Homebase / (Bike/Boat/Book/etc) Store / Corporate Office
- UofL Health – Frazier Rehabilitation Institute – Springhurst / Rehabilitation Center
- UBS Financial Services / Bank / Credit Union
- Mariner / Financial Advisor
Property Details for 4801 Olympia Park Plz
- Year built
- 2001
- Construction
- TILT-UP CONCRETE
- Lot size
- 8.33 lot acres
- Zone code
- OR3-OFFICE/RESIDENTIAL
- Property type
- Office buildings
- APN
- 21328600090000
- APU
- 21328600090000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 2, 2008 | — | Fenley Office Holdings LLC | — | Deed Of Trust · related | $4M · General Electric Capital Corp |
| — | — | Fenley Office Holdings LLC | — | Deed Of Trust · related | $13.5M · David H Fenley |
| — | — | One Olympia Park Plaza LLC | — | Deed Of Trust · related | $12.1M · Jefferson Pilot Financial Ins |
Description
This exceptional Class A office building, located at 4801 Olympia Park Plaza in Louisville, Kentucky, presents a rare investment opportunity. The 125,000 square foot property, built in 2001, boasts a 100% occupancy rate and a consistent history of high occupancy exceeding 95% since its construction. Situated on a 6.93-acre lot within the OR-3 Office/Residential District (APN 328600090000), this multi-tenant building offers unparalleled visibility and accessibility. Its prime location at the intersection of I-71 and I-265 ensures convenient access for tenants and clients alike. Ample parking is provided with 477 spaces. The property's superior location, combined with its impressive occupancy rate and history of strong performance, makes it a highly desirable asset. This is a unique chance to acquire a premier Kentucky office building below replacement cost, offering a strong return on investment. The building's NNN lease structure further enhances its appeal to discerning investors. The Jefferson County location and 40241 zip code add to its desirability. This fully leased executive office space represents a secure and lucrative investment opportunity.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $28,645,000
- 6.5%
- $26,440,000
- 7%
- $24,555,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $16,316,000
- AI Estimate
- $21,939,000
Market price range: $9.97M - $20.9MMarket price range: $11.8M - $27.3M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $14,530,000 Current use
- RESTAURANT
- $27,500,000 Change: +89% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $23,895,000 Change: +64% Conversion: Difficult
- RETAIL STORES
- $15,875,000 Change: +9% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.5811
- Latitude
- 38.3119
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
