Kroger-Adjacent Strip
10627-10639 Dixie Highway, Louisville, KY 40272
For Sale
Contact for pricing
The fee-simple offering includes a separate parcel alongside a Kroger store and fuel center, neither of which is part of the sale.
Property Size10,003 SF
Lot Size1.76 Acres
Price / SF$342.98
Days on Market23
Property Features for 10627-10639 Dixie Highway
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Cap Rate
Tenant in Place
Building Details
Tenancy
Listing Agency:
Compass Capital Management
Listed By:
Kyle Jameson · License KY #276449
(859) 333-1129
Source:
Crexi
Added: Oct 19
Changed: Nov 10
Last Checked: Nov 10 at 8:41AM
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 Compass Capital Management
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,003-SF strip mall sits on approximately 1.76 acres in southwest Louisville. The fee-simple sale includes Parcel II, which adjoins a Kroger store and fuel center; those Kroger facilities are excluded from the offering. NNN leases provide for tenants’ pro rata share of common-area maintenance, taxes, and insurance expenses.
Several tenants have extended their leases: Papa John’s, KORT, and Clarkson Eyecare in 2024, and OneMain in February 2026. OneMain’s five-year extension runs through August 2031. Two tenants have operated at the property since 2009. The offering reflects a 7.00% cap rate based on stabilized NOI.
Several tenants have extended their leases: Papa John’s, KORT, and Clarkson Eyecare in 2024, and OneMain in February 2026. OneMain’s five-year extension runs through August 2031. Two tenants have operated at the property since 2009. The offering reflects a 7.00% cap rate based on stabilized NOI.
Key Highlights
- 10,003 SF on approximately 1.76 acres
- Fee‑simple sale includes Parcel II; Kroger store and fuel center are excluded
- Papa John's, KORT and Clarkson Eyecare extended in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,325
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,306,500
$2.3M
Cap Rate 7%
$1,647,500
$1.6M
Cap Rate 9%
$1,281,389
$1.3M
Market Conditions
NOI Build-Up for 10,003 SF
Gross rent
$180.1K $18.00/SF
− Vacancy
−$15.3K −$1.53/SF
EGI
$164.7K $16.47/SF
− OpEx
−$49.4K −$4.94/SF
NOI
$115.3K $11.53/SF
Area
Louisville, KY
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,306,500
Cap Rate 7%
$1,647,500
Cap Rate 9%
$1,281,389
Alternative Uses
Best Use
Retail
$1.65M
$1.44M – $1.92M
NOI $115,325 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,494 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
483k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 18%
Superstores 16%
Apparel 13%
Walmart
Superstores
79,013 visits/mo
0.2 miles
Kroger
Groceries
42,882 visits/mo
0.1 miles
McDonald's
Dining
31,850 visits/mo
0.3 miles
Ross Dress for Less
Apparel
31,306 visits/mo
0.3 miles
Marshalls
Apparel
31,027 visits/mo
0.3 miles
Demographics for 40272, KY
37,747
Population
15,469
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
90%
High-School Grad
33.3 sq mi
ZIP Area
1,134
Density / Sq Mi
$66,382
Median Household Income
$37,644
Median Earnings
$1,147
Median Rent
$169,700
Median Home Value
Market
Vacancy Rate% for Retail in Louisville, KY
Frequently Asked Questions
What type of property is this?
Strip mall - The fee-simple offering includes a separate parcel alongside a Kroger store and fuel center, neither of which is part of the sale.
Where is this strip mall located?
The property is located at 10627-10639 Dixie Highway Louisville, KY.
What is the asking price?
The asking price for this property is $3,430,786.
What are key features of this property?
This property features: 10,003 SF on approximately 1.76 acres; Fee‑simple sale includes Parcel II; Kroger store and fuel center are excluded; Papa John's, KORT and Clarkson Eyecare extended in 2024
