Mixed-Use Building with
For Sale
$1,650,000
1328 Bardstown Rd, Louisville, KY 40204
Commercial space accommodates retail, office, or restaurant use alongside an in-building apartment.
Property Size5,000 SF
Price / SF$330
Days on Market203
Property Features for 1328 Bardstown Rd
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Block + Lot Homes
Listed By:
Gresham Wilson
(859) 309-0099
Source:
Centralkyhomesforsale
Added: Mar 18
Changed: Oct 1
Last Checked: Oct 5 at 6:53PM
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 Block + Lot Homes
Investment Insights
Based on property information with market context.
At 1328 Bardstown Road, this mixed-use property combines commercial space with an apartment. The commercial portion is identified for retail, office, or restaurant use, and the building also contains an approximately 1,500-SF apartment. The property size is 5,000 SF, and the building dates to 1900.
The property is on Bardstown Road in Louisville’s Highlands Entertainment District, on a block described as having steady pedestrian activity. It is next to the historic Highlands Station 7 firehouse. The address places the commercial and residential components within the same building, with the apartment providing a separate residential element alongside the commercial space.
The property is on Bardstown Road in Louisville’s Highlands Entertainment District, on a block described as having steady pedestrian activity. It is next to the historic Highlands Station 7 firehouse. The address places the commercial and residential components within the same building, with the apartment providing a separate residential element alongside the commercial space.
Key Highlights
- 5,000‑SF mixed‑use property
- Approximately 1,500‑SF apartment within the building
- Commercial space identified for retail, office, or restaurant use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,400
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,000
$1.2M
Cap Rate 7%
$848,571
$848.6K
Cap Rate 9%
$660,000
$660.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$108.0K $21.60/SF
− Vacancy
−$13.0K −$2.59/SF
EGI
$95.0K $19.01/SF
− OpEx
−$35.6K −$7.13/SF
NOI
$59.4K $11.88/SF
Area
Louisville, KY
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,000
Cap Rate 7%
$848,571
Cap Rate 9%
$660,000
Alternative Uses
Best Use
Mixed Use
$848.6K
$742.5K – $990.0K
NOI $59,400 @ 7.0% cap · market cap 3.60%
Second Best
Retail
$823.5K
$720.6K – $960.8K
NOI $57,645 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,720 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,080
Businesses Nearby
150k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 23%
Home Improvements & Furnishings 2%
Raising Cane's Chicken Fingers
Dining
41,576 visits/mo
0.1 miles
Speedway
Shops & Services
22,524 visits/mo
0.4 miles
McDonald's
Dining
17,743 visits/mo
0.2 miles
Heine Brothers Coffee
Dining
13,405 visits/mo
0.1 miles
Wendy's
Dining
12,413 visits/mo
0.4 miles
Demographics for 40204, KY
14,600
Population
8,759
Households
1.7
Avg Household Size
38
Median Age
63%
College-Educated
97%
High-School Grad
3.2 sq mi
ZIP Area
4,563
Density / Sq Mi
$70,706
Median Household Income
$50,246
Median Earnings
$1,225
Median Rent
$314,700
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space accommodates retail, office, or restaurant use alongside an in-building apartment.
Where is this mixed-use property located?
The property is located at 1328 Bardstown Rd Louisville, KY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 5,000‑SF mixed‑use property; Approximately 1,500‑SF apartment within the building; Commercial space identified for retail, office, or restaurant use
