Listed by Berkshire Hathaway HomeServices Professional Realty
$399,000
DTC Office Building
Details
Property Type Office
Sub Type Creative Office, Traditional Office
Square Footage 7,200
Net Rentable (SqFt) 7,200
Units 3
Cap Rate 7.02%
NOI $28,000
Occupancy 80%
Tenancy Single
Lease Type NNN
Lease Term 3.2
Lease Expiration 10/01/2027
Remaining Term 1.3
Pro-Forma Cap Rate 10.03%
Pro-Forma NOI $40,000
Price per SqFt $55
Broker Co-Op Yes
Class C
Year Built 1934
Year Renovated 2000
Buildings 1
Stories 2
Lot Size (SqFt) 4,000
Zoning commercial
Investment Type Stabilized
Lease Commencement 08/01/2024
Occupancy Date 02/01/2026
Value-Add to over 10% CAP
Marketing description
Great building, great tenants, with so much value-add potential to get you into 10% CAP realm.
Investment highlights
Immediately off of I-64 with plenty of traffic on Pennsylvania Ave. North and South. Public parking is covered underneath Interstate 64 just across the street, visible to front door.
Listing Contacts
Listed by Berkshire Hathaway HomeServices Professional Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$28,000.00
$2,333.33/mo
Valuation Metrics
0
DSCR
7.02%
Cap Rate
7.02%
ROI
Map
Zoning
C-10 CommercialGeneral CommercialGeneral Commercial District
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View all 243 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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