Multi-Tenant Retail Shopping
11300 to 11334 Maple Brook Drive, Louisville, KY 40241
For Sale
Contact for pricing
The fully occupied property brings together medical, dining, personal-service and specialty retail businesses under NNN leases.
Property Size29,710 SF
Lot Size3.06 Acres
Price / SF$178.39
Days on Market21
Property Features for 11300 to 11334 Maple Brook Drive
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Highway Access
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
Commonwealth Commercial Real Estate
Listed By:
Rhonda Karageorge · License KY #46762
(502) 379-6003
Source:
Crexi
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 10 at 6:02AM
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 Commonwealth Commercial Real Estate
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Investment Insights
Based on property information with market context.
Built in 2004, this 29,710-square-foot shopping center occupies 3.06 acres and contains eight tenant spaces. The property is fully leased, with businesses spanning medical, restaurant, personal-service and specialty retail uses. Leases are structured on a triple-net basis.
The center is located on Maple Brook Drive in Louisville, near the I-265 and Westport Road interchange. Nearby retailers include Walmart, Meijer, Kohl's, T.J. Maxx and HomeGoods; the Ford Truck Plant is also in the surrounding area.
The center is located on Maple Brook Drive in Louisville, near the I-265 and Westport Road interchange. Nearby retailers include Walmart, Meijer, Kohl's, T.J. Maxx and HomeGoods; the Ford Truck Plant is also in the surrounding area.
Key Highlights
- 29,710 square feet on 3.06 acres
- 100% leased to eight tenants
- Triple‑net lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$342,527
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,850,540
$6.9M
Cap Rate 7%
$4,893,243
$4.9M
Cap Rate 9%
$3,805,856
$3.8M
Market Conditions
NOI Build-Up for 29,710 SF
Gross rent
$534.8K $18.00/SF
− Vacancy
−$45.5K −$1.53/SF
EGI
$489.3K $16.47/SF
− OpEx
−$146.8K −$4.94/SF
NOI
$342.5K $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%
$6,850,540
Cap Rate 7%
$4,893,243
Cap Rate 9%
$3,805,856
Alternative Uses
Best Use
Retail
$4.89M
$4.28M – $5.71M
NOI $342,527 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.70M
$6.74M – $8.98M
NOI $539,058 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
243k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 32%
Groceries 27%
Dining 26%
Shops & Services 14%
Walmart
Superstores
78,078 visits/mo
0.2 miles
Meijer
Groceries
65,439 visits/mo
0.5 miles
Speedway
Shops & Services
19,803 visits/mo
0.3 miles
Steak 'n Shake
Dining
13,931 visits/mo
0.5 miles
Wendy's
Dining
12,224 visits/mo
0.5 miles
Demographics for 40241, KY
31,016
Population
13,634
Households
2.3
Avg Household Size
43
Median Age
58%
College-Educated
97%
High-School Grad
13.1 sq mi
ZIP Area
2,368
Density / Sq Mi
$95,775
Median Household Income
$54,988
Median Earnings
$1,433
Median Rent
$349,200
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
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Frequently Asked Questions
What type of property is this?
Shopping center - The fully occupied property brings together medical, dining, personal-service and specialty retail businesses under NNN leases.
Where is this shopping center located?
The property is located at 11300 to 11334 Maple Brook Drive Louisville, KY.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 29,710 square feet on 3.06 acres; 100% leased to eight tenants; Triple‑net lease structure
