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    Property profile & analytics
    OFF-MARKET Estimated value $11,400,000
    Manufacturing properties

    501 Broadway, Louisville, KY 40202-2209

    0.08 ac lot
    Entity Owned 3-yr Hold Free & Clear
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Pendleton Michael E MD Physician
    • Luddington Nicole S MD Physician
    • Knight E R MD Medical School
    • Garrett Brian P MD Physician
    • Hu Jane B MD 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
    $11.40M
    Owner & transaction history
    525 W Broadway Louisville Ky LLC · 3 yrs held
    525 W Broadway Louisville Ky LLC
    since 2022
    Last sale
    $11.4M
    1 recorded transaction
    2022
    $11.4M
    Zoning & alternative use
    C3-CENTRAL BUSINESS · Louisville, KY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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