Fully Leased Neighborhood Shopping
New
For Sale
$5,300,000
11334 Maple Brook Dr, Louisville, KY 40241
Eight occupants span medical, dining, personal services, and specialty retail uses under a single commercial center.
Property Size29,710 SF
Lot Size3.06 Acres
Price / SF$178.39
Days on Market7
Property Features for 11334 Maple Brook Dr
General Information
Standard status
Active
Size
29,710 SF
Lot size
3.06 Acres
Property subtype
Investment
Zoning
C-1 Commercial
Occupancy
100%
Net Operating Income
$394,320
Financials
Asking Price
$5,300,000
Cap Rate
7.44%
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Building Details
Year Built
2004
Tenancy
Multi
Listing Agency:
Commonwealth Commercial Real Estate
Listed By:
Rhonda Karageorge · License #46762
(502) 379-6003
Source:
Kcrea.resimplifi
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 26 at 3:03PM
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.
This 29,710-square-foot shopping center occupies 3.06 acres and was built in 2004. It is fully leased to eight tenants, with a mix of medical, restaurant, personal service, and specialty retail businesses. The property is zoned C-1 Commercial, and the reported capitalization rate is 7.44%. The lease-structure details are not included here because the property information gives conflicting descriptions.
The center is near the I-265 and Westport Road interchange in Louisville. Nearby retail includes Walmart, Meijer, Kohl’s, T.J. Maxx, and HomeGoods. Average household income within five miles is reported as $167,602.
The center is near the I-265 and Westport Road interchange in Louisville. Nearby retail includes Walmart, Meijer, Kohl’s, T.J. Maxx, and HomeGoods. Average household income within five miles is reported as $167,602.
Key Highlights
- 29,710 SF shopping center on 3.06 acres
- 100% leased to eight tenants
- 7.44% cap rate
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
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
Market
Vacancy Rate% for Retail in Louisville, KY
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Frequently Asked Questions
What type of property is this?
Shopping center - Eight occupants span medical, dining, personal services, and specialty retail uses under a single commercial center.
Where is this shopping center located?
The property is located at 11334 Maple Brook Dr 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 SF shopping center on 3.06 acres; 100% leased to eight tenants; 7.44% cap rate
