Warehouse with Sprinkler
New
For Sale
$425,000
1029 S 6th Street, Louisville, KY 40203
Two main rooms, storage areas, and separate restroom facilities support the building’s interior layout.
Property Size1,940 SF
Days on Market2
Property Features for 1029 S 6th Street
General Information
Standard status
Active
Size
1,940 SF
Property subtype
Mixed Use
Zoning
Commercial Building/Mail Order/Show Room Non Auto
Site & Location
Neighborhood
Limerick
Additional Details
Sprinkler System
Yes
Property Use
Warehouse
Building Details
Building Size
1,940 SF
Year Built
1920
Buildings
1
Stories
1
Construction
Concrete block
Listed By:
Andy DeMuth
(502) 439-6910
Source:
Cbcworldwide
Added: Oct 23
Last Checked: Oct 23 at 5:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Andy DeMuth
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Investment Insights
Based on property information with market context.
This 1920 warehouse includes two principal rooms, substantial storage areas, and a side passage with its own entrance. Restrooms comprise a two-stall bathroom and a separate half bath. Fire-resistant improvements and a sprinkler system have been added. The property also includes a vacant lot deeded with the warehouse.
The building occupies the southeast corner of S. 6th Street and Zane Street in Louisville. Its zoning designation is Commercial Building/Mail Order/Show Room Non Auto. Electrical service has been updated, and the property has a new furnace, new roof, and updated plumbing. Power is currently off.
The building occupies the southeast corner of S. 6th Street and Zane Street in Louisville. Its zoning designation is Commercial Building/Mail Order/Show Room Non Auto. Electrical service has been updated, and the property has a new furnace, new roof, and updated plumbing. Power is currently off.
Key Highlights
- Warehouse and vacant lot conveyed together
- Southeast corner of S. 6th Street and Zane Street
- Two main rooms, storage areas, and a side corridor with private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,685
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,700
$313.7K
Cap Rate 7%
$224,071
$224.1K
Cap Rate 9%
$174,278
$174.3K
Market Conditions
NOI Build-Up for 1,940 SF
Gross rent
$19.3K $9.96/SF
− Vacancy
−$870 −$0.45/SF
EGI
$18.5K $9.51/SF
− OpEx
−$2.8K −$1.43/SF
NOI
$15.7K $8.09/SF
Area
Louisville, KY
Vacancy
4.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,700
Cap Rate 7%
$224,071
Cap Rate 9%
$174,278
Alternative Uses
Best Use
Warehouse
$224.1K
$196.1K – $261.4K
NOI $15,685 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$502.8K
$440.0K – $586.7K
NOI $35,199 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,856
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 40203, KY
16,801
Population
10,754
Households
1.6
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
5,793
Density / Sq Mi
$31,430
Median Household Income
$32,581
Median Earnings
$828
Median Rent
$179,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Louisville, KY
Similar Off Market Nearby
- 14th Street Storage — 1400 South 14th Street, Louisville, KY 40210
- Consolidated Grain and Barge Co. — 1047 S 15th St, Louisville, KY 40210
- Infoplus Llc — 952 S 3rd St #101, Louisville, KY 40203
Frequently Asked Questions
What type of property is this?
Warehouse - Two main rooms, storage areas, and separate restroom facilities support the building’s interior layout.
Where is this warehouse located?
The property is located at 1029 S 6th Street Louisville, KY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Warehouse and vacant lot conveyed together; Southeast corner of S. 6th Street and Zane Street; Two main rooms, storage areas, and a side corridor with private entrance
