Storefront with Barber
For Sale
$150,000
1309 Oakwood Ave, Louisville, KY 40215
C2-zoned space includes plumbing-equipped barber stations and flexible rear work and storage areas.
Property Size1,156 SF
Price / SF$129.76
Days on Market71
Property Features for 1309 Oakwood Ave
General Information
Standard status
Active
Size
1,156 SF
Property subtype
Retail
Zoning
C2
Building Details
Year Built
1920
Listing Agency:
Neighbors Realty Group
Listed By:
Jay Leisten
(502) 338-3594
Source:
Kcrea.resimplifi
Added: Aug 5
Changed: Oct 13
Last Checked: Oct 13 at 2:28AM
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 Neighbors Realty Group
Investment Insights
Based on property information with market context.
This 1,156-square-foot storefront at 1309 Oakwood Ave in Louisville is configured for personal-service use. The interior has four barber chairs with sinks, plus rear-room hookups for two additional stations. A separate back area can function as an office or storage space. The building dates to 1920 and is zoned C2.
The layout also allows for two separate business spaces, identified as Units 1 and 2. The existing station setup and rear work area provide the core physical features of the property.
The layout also allows for two separate business spaces, identified as Units 1 and 2. The existing station setup and rear work area provide the core physical features of the property.
Key Highlights
- Four barber chairs, each paired with a sink
- Rear room has hookups for 2 additional stations
- 1,156 square feet; built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,328
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,560
$266.6K
Cap Rate 7%
$190,400
$190.4K
Cap Rate 9%
$148,089
$148.1K
Market Conditions
NOI Build-Up for 1,156 SF
Gross rent
$20.8K $18.00/SF
− Vacancy
−$1.8K −$1.53/SF
EGI
$19.0K $16.47/SF
− OpEx
−$5.7K −$4.94/SF
NOI
$13.3K $11.53/SF
Area
Louisville, KY
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,560
Cap Rate 7%
$190,400
Cap Rate 9%
$148,089
Alternative Uses
Best Use
Retail
$190.4K
$166.6K – $222.1K
NOI $13,328 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$299.6K
$262.2K – $349.6K
NOI $20,974 @ 7.0% cap · market cap 13.98%
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
803
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Groceries 20%
Thorntons
Shops & Services
26,543 visits/mo
0.2 miles
Save-A-Lot
Groceries
11,094 visits/mo
0.3 miles
Dollar General
Shops & Services
7,176 visits/mo
0.2 miles
Family Dollar
Shops & Services
5,370 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
4,201 visits/mo
0.3 miles
Demographics for 40215, KY
21,230
Population
9,070
Households
2.3
Avg Household Size
35
Median Age
13%
College-Educated
79%
High-School Grad
3.5 sq mi
ZIP Area
6,066
Density / Sq Mi
$42,762
Median Household Income
$32,815
Median Earnings
$976
Median Rent
$106,500
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
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Frequently Asked Questions
What type of property is this?
Storefront property - C2-zoned space includes plumbing-equipped barber stations and flexible rear work and storage areas.
Where is this storefront property located?
The property is located at 1309 Oakwood Ave Louisville, KY.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Four barber chairs, each paired with a sink; Rear room has hookups for 2 additional stations; 1,156 square feet; built in 1920
