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    12910 Factory Ln, Louisville, KY 40245

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    Two-story retail and office development in Louisville, Kentucky.

    Type:Retail, Office
    Added:
    Jul 21, 2020
    Days on Market:
    2145
    Last Refresh:
    May 12 at 9:32 pm

    Property Features for 12910 Factory Ln

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Building Details

    Year Built
    2020

    Spaces For Lease

    at 12910 Factory Ln Contact us

    Suites 213-214 $19/Mo

    Size
    1,607 SF
    Type
    Retail, Office
    Contact us

    Suites 207-209 $19/Mo

    Size
    2,365 SF
    Type
    Retail, Office
    Contact us

    We can help!

    Listing Contact
    Charlotte Hollkamp, CCIM

    Listing agent Charlotte Hollkamp, CCIM License #KY 217676

    Listing office Nexus Commercial Advisors

    Listing date Jul 21, 2020

    Source Crexi

    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 Nexus Commercial Advisors

    HighLights

    • High average household income in surrounding area ($146,884 within a 5‑mile radius)
    • Excellent visibility and accessibility at the signalized intersection of Factory Lane and LaGrange Road, with high traffic counts (27,200 vehicles per day)
    • Strategic location with easy access to I‑265 and proximity to major employers
    • Strong tenant mix including I HEART Nails, Wingstop, PetVet 365, Pella Windows & Doors, State Farm and ProRehab Physical Therapy
    • Located in a rapidly growing area with a large population (133,400 within a 5‑mile radius) and a growing residential base
    • New construction (built in 2020) with modern design, elevator access, and ample signage opportunities

    Overview

    Epic Plaza is a newly constructed, two-story retail and office development strategically located at the intersection of Factory Lane and LaGrange Road in Louisville, Kentucky. The center offers visibility and modern design. Situated just off the Gene Snyder Freeway (I-265), Epic Plaza benefits from access to major transportation routes and visibility along Factory Lane and LaGrange Road. The property is directly across from a Kroger-anchored shopping center, within one mile of the Ford Heavy Truck Plant and Eastpoint Business Park, and just 1.7 miles from Kentucky's first Publix supermarket. Epic Plaza is home to businesses, including I HEART Nails, Wingstop, PetVet 365, Pella Windows & Doors, State Farm and ProRehab Physical Therapy. With over 27,200 vehicles per day passing by on LaGrange Road, this location offers exposure. The intersection of Factory Lane and LaGrange Road is signalized, providing access and visibility for retail and office users. The five-mile radius surrounding Epic Plaza has a population of 133,400 with an average household income of $146,884, and the one-mile radius boasts an average income of $133,252. Epic Plaza is located within a commercial and industrial hub, with access to more than 37,417 employees within a three-mile radius. The property offers signage opportunities along both Factory Lane and LaGrange Road. The building features elevator and stair access to the second floor. The surrounding trade area has experienced growth. This area is becoming one of Louisville's busiest commercial corridors. Epic Plaza offers a leasing opportunity with visibility, location, and access to a consumer base. This development provides the location for businesses seeking to thrive.
    Location Intelligence

    Current Use by Public Records

    Speedy Commercial Electrical ... Electrical Service ProRehab Physical Therapy ... Physician I Heart Nails ... Nail Salon Pella Windows & Doors ... Hardware & Home Improvement Jason Jackson - State ... Insurance Agency

    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
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.5109058
    Latitude
    38.287974

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    FAQs

    What type of property is this?
    Retail space - Two-story retail and office development in Louisville, Kentucky.
    Where is this retail space located?
    The property is located at 12910 Factory Ln Louisville, KY.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: High average household income in surrounding area ($146,884 within a 5‑mile radius); Excellent visibility and accessibility at the signalized intersection of Factory Lane and LaGrange Road, with high traffic counts (27,200 vehicles per day); Strategic location with easy access to I‑265 and proximity to major employers
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Charlotte Hollkamp, CCIM
    Real Estate License ID: KY 217676
    Learn More
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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.

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