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    3621 Fern Valley Rd Louisville, KY 40213

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    For Sale
    $6,308,000

    Freestanding Chewy, Inc. office investment property in Louisville, KY.

    Property size:
    25,274 SF
    Lot size:
    3.15 Acres

    Property Features for 3621 Fern Valley Rd

    General Information

    Size
    25,274 SF
    Lot size
    3.15 Acres

    Source: SRS Real Estate Partners | Detroit Agent Michael Carter

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Chewy, Inc. Office Investment

    This freestanding office investment property is located in Louisville, KY. The property is occupied by Chewy, Inc., an online retailer of pet food and other pet-related products owned by PetSmart. This location serves as their first call center, accommodating 340 agents. The tenant has approximately 7 years remaining on their initial term, with two 5-year options to extend. The tenant reimburses all operating expenses exceeding the 2019 base year expenses. The lease includes 2.5% annual rental increases throughout the initial term and option periods. The tenant has the option to expand the building by an additional 10,000 square feet. To meet parking requirements, the tenant would take over a portion of the parking lot north of the building and increase their parcel size. The property size is 25,274 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chewy Pharmacy Veterinary Pharmacy

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.6938595
    Latitude
    38.1583336

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    FAQs

    What type of property is this?
    Office building - Freestanding Chewy, Inc. office investment property in Louisville, KY.
    Where is this office building located?
    The property is located at 3621 Fern Valley Rd Louisville, KY.
    What is the asking price?
    The asking price for this property is $6,308,000.
    What are key features of this property?
    This property features: - Freestanding Chewy, Inc. office investment property with fee simple interest.; - Approximately 7 years remaining on the initial lease term with 2 (5-year) options to extend.; - Chewy, Inc. is a well-known online retailer of pet products owned by PetSmart.
    (586) 549-4260
    Request Owner's contact information
    3621 Fern Valley Rd Louisville, KY 40213
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    Louisville, KY 40213
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    Realmo Value Estimation

    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.

    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.

    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
    3621 Fern Valley Rd Louisville, KY 40213
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