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501 Broadway Louisville, KY 40202-2209

OFF-MARKET Manufacturing properties Google Maps
0.08 ac lot
Entity Owned 3-yr Hold Free & Clear
Estimated value (blended)
$11.51M
Range $10.35M – $12.66M (±10%)
Property ID US34-2343167

Property summary

AI-generated overview

This exceptional three-story, 86,000-square-foot medical office building, located at 501 E Broadway in Louisville, Kentucky, presents a unique investment opportunity. Built in 2002, the Class C property boasts ample parking and full-time security, ensuring a safe and convenient environment for both patients and staff. The building is comprised of five total suites, offering flexible space options ranging from a minimum of 1,000 square feet to a maximum contiguous space of 5,043 square feet. Currently, 13,081 square feet of space is available for lease. The property sits on a 0.48-acre lot and is zoned C-2, allowing for a variety of medical uses. Its prime downtown Louisville location provides excellent visibility and accessibility. The building's multiple tenancy structure offers a diverse tenant base and potential for strong rental income. This is an ideal opportunity for medical practices seeking high-quality space in a desirable location. The building features a total of ample parking spaces to accommodate tenants and their patients. The address is 501 E Broadway, Louisville, KY 40202, within Jefferson County.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Lot 0.08 ac (3,354 SF)
Zoning code C3-CENTRAL BUSINESS
APN 03013K01740000
UPID US34-2343167

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Medical School
  • Physician
  • Medical School

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.19M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.51M

Owner & transaction history

since 2022
Last sale
$11.4M
1 recorded transaction
2022
$11.4M

Zoning & alternative use

C3-CENTRAL BUSINESS · Louisville, KY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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