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    6310 Highway 329 Crestwood, KY 40014

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    Remodeled space in high-demand area, delivery expected Summer 2026.

    Property Features for 6310 Highway 329

    General Information

    Standard status
    Active

    Building Details

    Year built
    1950

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    Listing Contact
    Jonathan Laise, Ccim
    Source: Crexi

    Listing Agency: Horizon Commercial Realty Listing Agent: Jonathan Laise, Ccim

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

    Learn more

    Overview

    Renovated Retail/Office Space Available

    Located along the Highway 329 corridor in Crestwood, this office/retail space is currently undergoing a complete interior remodel, with delivery expected by Summer 2026. The property provides convenient access to the primary commercial corridor near U.S. Route 22, placing tenants within minutes of Crestwood’s established retail and service businesses. The renovation will deliver a refreshed interior layout suitable for professional office, medical, retail, or service-oriented users. The flexible configuration allows for efficient buildout tailored to tenant needs while benefiting from steady traffic along Highway 329. Crestwood is one of Oldham County’s most desirable and steadily growing communities, known for strong household incomes and continued residential development. The property is surrounded by established neighborhoods, local dining, service providers, and neighborhood retail that generate consistent daytime and evening traffic. Proximity to Louisville offers convenient regional access while maintaining the advantages of a suburban setting. The property is served by the highly regarded Oldham County Schools district, widely recognized for academic performance and community support. Nearby schools include South Oldham High School, South Oldham Middle School, and Kenwood Station Elementary School. The strength of the school system continues to support residential stability and long-term growth throughout the trade area. This property presents an opportunity for businesses seeking a renovated interior space in a high-demand Oldham County submarket with strong demographics and convenient access to Louisville.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    Crestwood
    County
    Oldham
    State
    Kentucky
    Longitude
    -85.47388
    Latitude
    38.3248

    FAQs

    What type of property is this?
    Retail space - Remodeled space in high-demand area, delivery expected Summer 2026.
    Where is this retail space located?
    The property is located at 6310 Highway 329 Crestwood, KY.
    What are key features of this property?
    This property features: - Complete interior remodel expected by Summer 2026, offering a refreshed and modern space.; - Located in Crestwood, a desirable and steadily growing community in Oldham County, known for strong household incomes.; - Convenient access to the primary commercial corridor near U.S. Route 22 and proximity to Louisville.
    Request Owner's contact information
    6310 Highway 329 Crestwood, KY 40014
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    Crestwood, KY 40014
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    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
    6310 Highway 329 Crestwood, KY 40014
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    We can help!
    Listing Contact
    Jonathan Laise, Ccim
    Real Estate License ID: 265109
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