Mixed-Use Property with
For Sale
$1,650,000
1328 Bardstown Road, Louisville, KY 40204
Commercial Sale, Louisville, KY
Property Size5,000 SF
Lot Size0.19 Acres
Price / SF$330
Days on Market170
Property Features for 1328 Bardstown Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C-2
Subdivision
Commercial
Directions
Bardstown Road outbound, property is on the right just before Station 7 Firehouse.
Standard status
Active
APN
075-B0064-0000
Size
5,000 SF
Lot size
0.19 Acres
Building Details
Year built
1900
Listing Agency:
Block + Lot Homes
(859) 309-0099
Listed By:
Gresham Wilson
(859) 421-3376
Added: Apr 28
Changed: Oct 2
Last Checked: Oct 14 at 6:06AM
MLS# 26009307
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use building contains 5,000 square feet and includes commercial space alongside a +/- 1,500 SF apartment. The commercial component is presented for retail, office, or restaurant use, while the residential portion adds a separate occupancy or rental component within the same property. Built in 1900, the property occupies a 0.19-acre parcel.
The building fronts Bardstown Road in Louisville’s Highlands Entertainment District, on a block described as having strong pedestrian activity and visibility. It is located next to the historic Highlands Station 7 firehouse, providing a recognizable neighboring landmark. The address is 1328 Bardstown Road, Louisville, KY 40204.
The building fronts Bardstown Road in Louisville’s Highlands Entertainment District, on a block described as having strong pedestrian activity and visibility. It is located next to the historic Highlands Station 7 firehouse, providing a recognizable neighboring landmark. The address is 1328 Bardstown Road, Louisville, KY 40204.
Key Highlights
- 5,000‑square‑foot mixed‑use building on a 0.19‑acre parcel
- Includes a +/- 1,500 SF apartment within the building
- Commercial space presented 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines commercial space with an apartment, supporting retail, office, or restaurant use potential.
Where is this mixed-use property located?
The property is located at 1328 Bardstown Road 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‑square‑foot mixed‑use building on a 0.19‑acre parcel; Includes a +/- 1,500 SF apartment within the building; Commercial space presented for retail, office, or restaurant use
