Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6401 Old New Cut Rd Louisville, KY 40118

    Sponsored
    For Sale
    $320,000

    Land - Louisville, KY

    Lot size:
    2.73 Acres
    Days on Market:
    31
    Last Refresh:
    Feb 14 at 6:06 am

    Property Features for 6401 Old New Cut Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.73 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    TEUDIS PEREZ

    Keller Williams ELITE Realty (270) 685-3705

    Listing agent TEUDIS PEREZ (270) 685-3705 License #282341

    Listing date Jan 15, 2026

    MLS# 92017 Listing URL

    Copyright © 2026 Greater Owensboro Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    2.73 Acres in Fairdale, KY

    This 2.73-acre improved lot is located at 6401 Old New Cut Rd in Fairdale, KY. The property features a mixed zoning designation of Residential (R-4) and Commercial Manufacturing (CM), offering flexibility for residential and commercial development. The parcel is suited for investors, builders, or business owners. Utilities are located nearby. The location provides access to schools, parks, shopping, and major highways. The property is located in the Fairdale neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.776941
    Latitude
    38.118225

    Nearby Similar for Sale

    • $250,000
      5,446 SF

      Victorian Multi-Family Building in Louisville

      Spacious three-story Victorian multi-family building with fireplaces.
      Louisville, KY 40203
      View Details
    • New
      $600,000
      3,883 SF

      Historic Highlands Triplex Opportunity

      Charming triplex in Louisville's desirable Highlands/Parkside corridor.
      2073 Sherwood Ave, Louisville, KY 40205
      View Details
    • $670,000
      3,731 SF

      Louisville Commercially Zoned Rental Property

      Commercially zoned rental property in Louisville, operating as mid-term rental.
      320 E College St, Louisville, KY 40203
      View Details
    • New
      $349,900
      Pending

      Renovated Home Plus Quadplex

      Unique investment: renovated home plus quadplex on large lot.
      1731 Meyers Ln, Louisville, KY 40216
      View Details
    • $826,700
      5,200 SF

      Highlands Four-Plex Investment Opportunity

      Four-unit property in Louisville's Highlands neighborhood with income potential.
      2114 Bonnycastle Ave, Louisville, KY 40205
      View Details
    • $349,900
      9,617 SF

      Louisville Commercial Redevelopment Opportunity

      Versatile commercial property with redevelopment potential in Louisville's Opportunity Zone.
      2114 W Market St, Louisville, KY 40212
      View Details
    • $349,900
      9,617 SF

      Louisville Commercial Redevelopment Opportunity

      Three-story commercial property with redevelopment potential in Louisville's Opportunity Zone.
      2114 W Market St, Louisville, KY 40212
      View Details
    • New
      $369,999
      2,295 SF

      Highlands Duplex Investment Opportunity

      Louisville duplex in prime location near shopping and the University.
      1801 Tyler Pkwy, Louisville, KY 40204
      View Details
    • $360,000
      1,751 SF

      Shelby Park Triplex Investment Opportunity

      Triplex in Shelby Park near Logan Street Market.
      1103 Logan St, Louisville, KY 40204
      View Details
    • $435,000
      2,734 SF

      Baxter Avenue Highlands Duplex

      Corner-lot duplex in Louisville's coveted Highlands neighborhood.
      1100 Baxter Ave, Louisville, KY 40204
      View Details
    • $154,900
      1,143 SF

      Updated Duplex in Downtown Louisville

      Updated duplex with cash-flow potential near downtown Louisville.
      1443 S 32Nd St, Louisville, KY 40211
      View Details
    • $225,000
      1,710 SF

      Furnished Duplex Investment Opportunity

      Turnkey duplex with modern amenities, ideal for investors or owner-occupants.
      1108 Queen Ave, Louisville, KY 40215
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.73-acre lot with mixed residential and commercial zoning in Fairdale.
    Where is this commercial land located?
    The property is located at 6401 Old New Cut Rd Louisville, KY.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: - Mixed Residential (R-4) and Commercial Manufacturing (CM) zoning offers exceptional development flexibility.; - The 2.73-acre improved lot is ready for immediate development.; - Prime location in the desirable Fairdale community.
    (270) 485-8059
    Request Owner's contact information
    6401 Old New Cut Rd Louisville, KY 40118
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6401 Old New Cut Rd
    Louisville, KY 40118
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6401 Old New Cut Rd Louisville, KY 40118
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    TEUDIS PEREZ
    Real Estate License ID: 282341
    (270) 485-8059 (270) 685-3705
    Learn more
    Google sign-in failed. Please try again or use another login method.