Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Mixed-Use Development, Louisville Title is generated by Realmo AI

    1041 Zorn Ave, Louisville, KY 40207

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    New Class A mixed-use development coming in 2026.

    Type:Retail, Office, Restaurant
    Added:
    Feb 17, 2024
    Days on Market:
    836
    Last Refresh:
    May 12 at 9:13 pm

    Property Features for 1041 Zorn Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    1974

    Spaces For Lease

    at 1041 Zorn Ave Contact us

    We can help!

    Listing Contact
    Michael DeHart
    Michael DeHart

    Listing agent Michael DeHart License #KY 206388

    Listing office Horizon Commercial Realty

    Listing date Feb 17, 2024

    Source Crexi

    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 Horizon Commercial Realty

    HighLights

    • New construction (estimated completion 2026) offering modern design and amenities.
    • Prime location at the corner of River Road and Zorn Avenue, providing high visibility and accessibility.
    • Class A development featuring a diverse mix of shops, restaurants, office, and medical spaces.
    • Open‑air streetscape environment creating a vibrant and engaging atmosphere.
    • Easy access to I‑71 corridor and River Road, servicing the greater Louisville Metropolitan area.
    • Located across from the iconic 185‑foot water tower and minutes from Downtown and Stadium District.

    Overview

    A new Class A mixed-use development is planned for completion in 2026. Located at the corner of River Road and Zorn Avenue, this open-air streetscape environment will feature a diverse mix of shops, restaurants, office spaces, and medical facilities. The new urban lifestyle development will serve the greater Louisville Metropolitan area and surrounding communities, with easy access between the I-71 corridor and River Road. The location is directly across from the iconic 185-foot water tower and minutes away from Downtown and the Stadium District. The property is suitable for retail, office, restaurant, and medical use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Candlewood Suites Louisville ... Hotel & Motel El Nopal 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 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
    -85.6975136
    Latitude
    38.277349

    Nearby Similar for Lease

    • $25 SF/Yr
      5,000 SF

      Bardstown Road Mixed-Use Opportunity

      High-visibility retail/restaurant space with residential income potential.
      1328 Bardstown Road, Louisville, KY 40204
      View Details
    • $129-$6,894/Mo
      11-1,292 SF

      KY, Louisville - East Witherspoon St

      222 Witherspoon St, Louisville, KY 40202
      View Details
    • $129-$4,796/Mo
      11-1,292 SF

      KY, Louisville - Linn Station Road

      10200 Linn Station Rd, Louisville, KY 10200
      View Details
    • Sponsored
      $129-$7,276/Mo
      11-1,292 SF

      Brownsboro Crossing

      9850 Von Allmen Ct, Unit 201, Louisville, KY 40241
      View Details
    • $129-$4,893/Mo
      11-1,292 SF

      MET Building

      312 4Th St, Unit 700, Louisville, KY 40202
      View Details
    • $18 SF/Yr
      5,300 SF

      Medical Office Freestanding Building

      5,300 SF medical office building for lease in Louisville.
      927 E. Broadway, Louisville, KY 40204
      View Details
    • $26 SF/Yr
      12,710 SF

      St. Matthews Class A Office

      Prime office space in St. Matthews near medical district.
      4500 Bowling Boulevard, Louisville, KY, 40207
      View Details
    • $832/Mo
      832 SF

      Hurstbourne Corridor Office Suite

      Functional office suite in a highly sought-after location.
      10529 Timberwood Cir, Louisville, KY 40223
      View Details
    • $5 SF/Yr
      21,710 SF

      Downtown Louisville Warehouse and Showroom

      Warehouse with showroom and office space in downtown Louisville.
      1709-1711 W Main St, Louisville, KY 40203
      View Details
    • $25 SF/Yr
      3,000 SF

      Restaurant Space in Retail Center

      Restaurant space with existing infrastructure, located in high-traffic area.
      Louisville, KY 40291
      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
    • $24 SF/Yr
      1,600 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility near major retailers and healthcare.
      9314 Cedar Center Way, Louisville, KY 40291
      View Details

    FAQs

    What type of property is this?
    Retail space - New Class A mixed-use development coming in 2026.
    Where is this retail space located?
    The property is located at 1041 Zorn Ave Louisville, KY.
    What are key features of this property?
    This property features: New construction (estimated completion 2026) offering modern design and amenities.; Prime location at the corner of River Road and Zorn Avenue, providing high visibility and accessibility.; Class A development featuring a diverse mix of shops, restaurants, office, and medical spaces.
    (502) 429-0090 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael DeHart
    Michael DeHart
    Real Estate License ID: KY 206388
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1041 Zorn Ave, Louisville, KY 40207
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!