Add Listing
    For Lease
    • 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

    10001 Forest Green Blvd Louisville, KY 40223

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern retail center with suite options in Louisville, KY.

    Property Features for 10001 Forest Green Blvd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Taylor Thompson
    Source: Crexi

    Listing Agency: Colliers Listing Agent: Taylor Thompson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Center on Hurstbourne Parkway

    The Shoppes at Forest Green is a 48,000 square foot modern retail center. It is located along Hurstbourne Parkway in Louisville, Kentucky. The property features a variety of suite options. It is ideally situated with strong demographics and surrounded by other retail, office, and hospitality uses.
    Location Intelligence

    Current Use by Public Records

    RAYMI PERUVIAN AND MEXICAN ... Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Lyndon Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.5718533
    Latitude
    38.2634052

    Nearby Similar for Lease

    • $12 SF/Yr
      14,500 SF

      Retail Building with Drive-Thru

      14,500 SF retail building with drive-thru and ample parking.
      701 Valley College Dr, Louisville, KY 40272
      View Details
    • Sponsored
      Contact for pricing

      KY, Louisville - East Witherspoon St

      Discover many ways to work your way in KY, Louisville - East Witherspoon St
      222 Witherspoon St, Louisville, KY 40202
      View Details
    • Contact for pricing

      KY, Louisville - Linn Station Road

      Flexible workspace in KY, Louisville - Linn Station Road
      10200 Linn Station Rd, Louisville, KY 10200
      View Details
    • Contact for pricing

      MET Building

      Discover many ways to work your way in MET Building
      312 4Th St, Louisville, KY 40202
      View Details
    • Contact for pricing

      Brownsboro Crossing

      Discover many ways to work your way in Brownsboro Crossing
      9850 Von Allmen Ct, Louisville, KY 40241
      View Details
    • $26 SF/Yr
      12,710 SF

      St. Matthews Class A Office

      Prime office space in St. Matthews near medical district.
      4500 Bowling Blvd, Louisville, KY 40207
      View Details
    • Contact for pricing

      Freestanding Retail Building on Corner

      7,626 SF freestanding retail building with high visibility.
      206 Bullitt Ln, Louisville, KY 40222
      View Details
    • $16 SF/Yr
      13,707 SF

      Updated Office Building For Rent

      Two-story office building with professional management and ample parking.
      10180 Linn Station Rd, Louisville, KY 40223
      View Details
    • Contact for pricing
      37,835 SF

      Retail Space on Preston Highway

      37,835± SF retail space with high visibility available for lease.
      3426 Preston Hwy, Louisville, KY 40213
      View Details
    • Contact for pricing
      5,308 SF

      Retail Space on Bardstown Road

      Retail spaces available in high-traffic Fern Creek area.
      6403 Bardstown Rd, Louisville, KY 40291
      View Details
    • $27 SF/Yr
      9,784 SF

      Class A Office Building

      Six-story office building with modern amenities and easy highway access.
      10200 Forest Green Blvd, Louisville, KY 40223
      View Details
    • Contact for pricing
      490,000 SF

      Large Leasable Warehouse and Office

      490,000± SF leasable space with warehouse and office components.
      7700 Trade Port Dr, Louisville, KY 40258
      View Details

    FAQs

    What type of property is this?
    Shopping center - Modern retail center with suite options in Louisville, KY.
    Where is this shopping center located?
    The property is located at 10001 Forest Green Blvd Louisville, KY.
    What are key features of this property?
    This property features: - Modern 48,000 SF retail center; - Located along Hurstbourne Pkwy; - Variety of suite options
    Request Owner's contact information
    10001 Forest Green Blvd Louisville, KY 40223
    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.
    10001 Forest Green Blvd
    Louisville, KY 40223
    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
    10001 Forest Green Blvd Louisville, KY 40223
    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
    Taylor Thompson
    Real Estate License ID: 276443
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!