NNN Retail
For Sale
Contact for pricing
1100 S 1st St, Louisville, KY 40203
Fully leased commercial space with a NNN structure and recent roof and HVAC replacements.
Property Size1,893 SF
Lot Size0.13 Acres
Price / SF$250.92
Days on Market49
Property Features for 1100 S 1st St
General Information
Standard status
Active
Size
1,893 SF
Lot size
0.13 Acres
Property subtype
RETAIL
Zoning
TNZD
Occupancy
100%
Financials
Cap Rate
8.84%
Gross Income
$42,000
Site & Location
Corner Location
Yes
Highway Access
Yes
Building Details
Tenancy
Single
Abandoned
No
Listing Agency:
EXP Realty LLC
(888) 624-6448
Listed By:
Nour E Kurdi
(502) 424-9484
Source:
Moodyscre
Added: Sep 1
Changed: Oct 11
Last Checked: Oct 16 at 11:08AM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This approximately 1,893 SF retail property occupies an approximately 5,532 SF site at 1100 S. 1st St. in Louisville. The building is fully leased under a NNN arrangement, with the tenant responsible for property taxes, insurance, maintenance, utilities, and operating expenses. The current lease has approximately 4 years remaining, along with a 5-year renewal option. The property carries an 8.84% cap rate.
Major building systems were updated in 2024, including the roof and HVAC system. The property is positioned at the signalized intersection of S. 1st Street and St. Catherine Street, with access to I-65. TNZD zoning and ownership of the business equipment and fixtures are also included among the property features.
Major building systems were updated in 2024, including the roof and HVAC system. The property is positioned at the signalized intersection of S. 1st Street and St. Catherine Street, with access to I-65. TNZD zoning and ownership of the business equipment and fixtures are also included among the property features.
Key Highlights
- 8.84% cap rate with 100% leased occupancy
- NNN lease structure with tenant responsibility for taxes, insurance, maintenance, utilities, and operating expenses
- Approximately 1,893 SF building on approximately 5,532 SF of land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,824
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,480
$436.5K
Cap Rate 7%
$311,771
$311.8K
Cap Rate 9%
$242,489
$242.5K
Market Conditions
NOI Build-Up for 1,893 SF
Gross rent
$34.1K $18.00/SF
− Vacancy
−$2.9K −$1.53/SF
EGI
$31.2K $16.47/SF
− OpEx
−$9.4K −$4.94/SF
NOI
$21.8K $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%
$436,480
Cap Rate 7%
$311,771
Cap Rate 9%
$242,489
Alternative Uses
Best Use
Retail
$311.8K
$272.8K – $363.7K
NOI $21,824 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$490.7K
$429.3K – $572.5K
NOI $34,347 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,808
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Home Improvements & Furnishings 10%
Dining 7%
Dollar General
Shops & Services
4,340 visits/mo
0.4 miles
Valero Energy
Shops & Services
4,175 visits/mo
0.2 miles
Ollie's Bargain Outlet
Shops & Services
2,995 visits/mo
0.2 miles
PPG Paints
Home Improvements & Furnishings
1,468 visits/mo
0.5 miles
Taste of China
Dining
1,036 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Louisville, KY
Frequently Asked Questions
What type of property is this?
NNN property - Fully leased commercial space with a NNN structure and recent roof and HVAC replacements.
Where is this nnn property located?
The property is located at 1100 S 1st St Louisville, KY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 8.84% cap rate with 100% leased occupancy; NNN lease structure with tenant responsibility for taxes, insurance, maintenance, utilities, and operating expenses; Approximately 1,893 SF building on approximately 5,532 SF of land
