Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    206 Bullitt Ln Louisville, KY 40222

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    7,626 SF freestanding retail building with high visibility.

    Property Features for 206 Bullitt Ln

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Clay Hunt
    Source: Cbre

    Listing Agent: Clay Hunt

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

    Learn more

    Overview

    Freestanding Retail Building on Corner

    The property is a 7,626 square foot freestanding building situated on a corner location, offering high visibility. It is located near the Shelbyville Road and Interstate 264 interchange, positioned between Mall St Matthews, which has 1.29 million square feet, and Oxmoor Center, which has 900,000 square feet. The property is adjacent to Kohls, Chuy’s, Twin Peaks, and J. Alexander’s/Redlands Grill. It is located in a high-traffic primary retail trade area that includes Top Golf, Dick’s Sporting Goods, Whole Foods, Marshalls, Ross Dress for Less, Old Navy, Total Wine, Golf Galaxy, Nordstrom Rack, Trader Joe’s, Cinemark, and Dave & Buster’s. The property is zoned C2-Commercial.
    Location Intelligence

    Current Use by Public Records

    Bravo! Italian Kitchen Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.6168223
    Latitude
    38.247486

    Nearby Similar for Lease

    • $12 SF/Yr
      14,500 SF

      Retail Building with Drive-Thru

      14,500 SF retail building with drive-thru and ample parking.
      701 Valley College Dr, Louisville, KY 40272
      View Details
    • Sponsored
      Contact for pricing

      KY, Louisville - East Witherspoon St

      Discover many ways to work your way in KY, Louisville - East Witherspoon St
      222 Witherspoon St, Louisville, KY 40202
      View Details
    • Contact for pricing

      KY, Louisville - Linn Station Road

      Flexible workspace in KY, Louisville - Linn Station Road
      10200 Linn Station Rd, Louisville, KY 10200
      View Details
    • Contact for pricing

      MET Building

      Discover many ways to work your way in MET Building
      312 4Th St, Louisville, KY 40202
      View Details
    • Contact for pricing

      Brownsboro Crossing

      Discover many ways to work your way in Brownsboro Crossing
      9850 Von Allmen Ct, Louisville, KY 40241
      View Details
    • $26 SF/Yr
      12,710 SF

      St. Matthews Class A Office

      Prime office space in St. Matthews near medical district.
      4500 Bowling Blvd, Louisville, KY 40207
      View Details
    • Contact for pricing
      37,835 SF

      Retail Space on Preston Highway

      37,835± SF retail space with high visibility available for lease.
      3426 Preston Hwy, Louisville, KY 40213
      View Details
    • Contact for pricing
      5,308 SF

      Retail Space on Bardstown Road

      Retail spaces available in high-traffic Fern Creek area.
      6403 Bardstown Rd, Louisville, KY 40291
      View Details
    • $27 SF/Yr
      9,784 SF

      Class A Office Building

      Six-story office building with modern amenities and easy highway access.
      10200 Forest Green Blvd, Louisville, KY 40223
      View Details
    • Contact for pricing
      490,000 SF

      Large Leasable Warehouse and Office

      490,000± SF leasable space with warehouse and office components.
      7700 Trade Port Dr, Louisville, KY 40258
      View Details
    • $18 SF/Yr
      5,300 SF

      Medical Office Freestanding Building

      5,300 SF medical office building for lease in Louisville.
      927 E Broadway, Louisville, KY 40204
      View Details
    • $14 SF/Yr

      Retail Space in Auburndale Center

      Retail space with showroom, storage, and high-traffic location.
      7415 3Rd Street Rd, Louisville, KY 40214
      View Details

    FAQs

    What type of property is this?
    Retail space - 7,626 SF freestanding retail building with high visibility.
    Where is this retail space located?
    The property is located at 206 Bullitt Ln Louisville, KY.
    What are key features of this property?
    This property features: - High traffic location near Shelbyville Road and I-264, between Mall St Matthews and Oxmoor Center; - Freestanding building with 7,626± square feet; - Corner location with great visibility
    (502) 429-6700
    Request Owner's contact information
    206 Bullitt Ln Louisville, KY 40222
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    206 Bullitt Ln
    Louisville, KY 40222
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    206 Bullitt Ln Louisville, KY 40222
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Clay Hunt
    Real Estate License ID: KY 71469
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!