New Commercial Property on
For Sale
Contact for pricing
Pending
6307 Preston Hwy, Louisville, KY 40219
New construction with garage and ample parking on high-traffic highway.
Property Size1,160 SF
Days on Market575
Property Features for 6307 Preston Hwy
General Information
Standard status
Pending
Size
1,160 SF
Total Parking Spaces
36
Property subtype
Retail
Zoning
C2
Lease Type
NNN
Amenities
Vacant
36 Parking Spaces
Building Details
Year Built
2025
Listing Agency:
Key Point Realty
Listed By:
Senahid Bektas · License #295475
(502) 767-0199
Source:
Kcrea.resimplifi
Added: Apr 1, 2025
Changed: Oct 26
Last Checked: Oct 26 at 12:50PM
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 Key Point Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property is available for sale or lease and is located on Preston Hwy in Louisville, KY. Zoned C2 commercial, the property features a newly constructed office building with modern finishes and a spacious floor plan. A large rear garage is suitable for storage, service operations, or fleet use. The property includes new sewer and electrical service. The freshly paved asphalt parking lot provides 36 dedicated spaces at the front of the building. The site offers high visibility and accessibility, making it suitable for retail, office, or service-based businesses. The property is located in a high-traffic, rapidly developing corridor of Louisville. The lease rate is $5000 (NNN LEASE).
Key Highlights
- High‑visibility, high‑traffic location on Preston Hwy.
- New construction office space with modern finishes.
- Large rear garage suitable for storage, service operations, or fleet use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,943
Suggested Prices Based on Cap Rates
Cap Rate 5%
$138,860
$138.9K
Cap Rate 7%
$99,186
$99.2K
Cap Rate 9%
$77,144
$77.1K
Market Conditions
NOI Build-Up for 1,160 SF
Gross rent
$10.4K $9.00/SF
− Vacancy
−$522 −$0.45/SF
EGI
$9.9K $8.55/SF
− OpEx
−$3.0K −$2.56/SF
NOI
$6.9K $5.98/SF
Area
Louisville, KY
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$138,860
Cap Rate 7%
$99,186
Cap Rate 9%
$77,144
Alternative Uses
Best Use
Retail
$191.1K
$167.2K – $222.9K
NOI $13,374 @ 7.0% cap · market cap 267.48%
Second Best
Industrial
$99.2K
$86.8K – $115.7K
NOI $6,943 @ 7.0% cap · market cap 138.86%
Theoretical Best
Office A
$300.7K
$263.1K – $350.8K
NOI $21,047 @ 7.0% cap · market cap 420.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
229k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 50%
Shops & Services 20%
Dining 12%
Groceries 10%
Sam's Club
Superstores
114,597 visits/mo
0.3 miles
Circle K
Shops & Services
18,209 visits/mo
0.2 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
12,669 visits/mo
0.2 miles
Liquor Barn
Groceries
11,532 visits/mo
0.3 miles
Save-A-Lot
Groceries
10,732 visits/mo
0.5 miles
Demographics for 40219, KY
40,300
Population
16,699
Households
2.4
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
2,705
Density / Sq Mi
$52,271
Median Household Income
$37,108
Median Earnings
$967
Median Rent
$186,000
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
Frequently Asked Questions
What type of property is this?
Retail space - New construction with garage and ample parking on high-traffic highway.
Where is this retail space located?
The property is located at 6307 Preston Hwy Louisville, KY.
What are key features of this property?
This property features: High‑visibility, high‑traffic location on Preston Hwy.; New construction office space with modern finishes.; Large rear garage suitable for storage, service operations, or fleet use.
