Freestanding Flex
For Sale
Contact for pricing
2800 Diode Ln, Louisville, KY 40299
The property includes heavy power, climate control, and a fenced storage lot.
Property Size12,481 SF
Price / SF$0.00
Days on Market751
Property Features for 2800 Diode Ln
General Information
Standard status
Active
Size
12,481 SF
Property subtype
Industrial
Zoning
PEC
Lease Type
NNN
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Heavy Power
Yes
Conditioned Warehouse
Yes
Amenities
generator
2 restrooms + shower
kitchen/break area
Power
Building Details
Year Built
1996
Buildings
1
Listing Agency:
Hoagland Commercial
Listed By:
John Hoagland Jr. · License #67295
(502) 386-4246
Source:
Kcrea.resimplifi
Added: Sep 26, 2024
Changed: Sep 14
Last Checked: Oct 14 at 7:41PM
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 Hoagland Commercial
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Investment Insights
Based on property information with market context.
Built in 1996, this 12,481-square-foot freestanding flex property is located in Bluegrass Industrial Park at 2800 Diode Ln in Louisville. The building is fully climate controlled and equipped with heavy power, a generator, two restrooms, a shower, and a kitchen and break area. A fenced storage lot adds secured outdoor storage capacity.
A renovation is underway with interior infrastructure being removed, along with new flooring, paint, and lighting planned for the office areas. The warehouse layout is also being opened to improve usable space for the next occupant or owner. The property is available for sale or lease.
A renovation is underway with interior infrastructure being removed, along with new flooring, paint, and lighting planned for the office areas. The warehouse layout is also being opened to improve usable space for the next occupant or owner. The property is available for sale or lease.
Key Highlights
- 12,481‑square‑foot freestanding flex building in Bluegrass Industrial Park
- Heavy power and full climate control
- Fenced storage lot for secured outdoor storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,276
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,520
$1.0M
Cap Rate 7%
$732,514
$732.5K
Cap Rate 9%
$569,733
$569.7K
Market Conditions
NOI Build-Up for 12,481 SF
Gross rent
$76.4K $6.12/SF
− Vacancy
−$3.1K −$0.25/SF
EGI
$73.3K $5.87/SF
− OpEx
−$22.0K −$1.76/SF
NOI
$51.3K $4.11/SF
Area
ZIP 40299
Vacancy
4.10%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,520
Cap Rate 7%
$732,514
Cap Rate 9%
$569,733
Alternative Uses
Best Use
Flex RnD
$1.67M
$1.46M – $1.95M
NOI $117,066 @ 7.0% cap · market cap 1,064,236.36%
Second Best
Warehouse
$867.2K
$758.8K – $1.01M
NOI $60,706 @ 7.0% cap · market cap 551,872.73%
Theoretical Best
Office A
$3.06M
$2.67M – $3.56M
NOI $213,874 @ 7.0% cap · market cap 1,944,309.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40299, KY
43,030
Population
17,567
Households
2.4
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
54.0 sq mi
ZIP Area
797
Density / Sq Mi
$85,419
Median Household Income
$50,427
Median Earnings
$1,290
Median Rent
$274,900
Median Home Value
Market
Vacancy Rate% for Industrial in Louisville, KY
Frequently Asked Questions
What type of property is this?
Flex space - The property includes heavy power, climate control, and a fenced storage lot.
Where is this flex space located?
The property is located at 2800 Diode Ln Louisville, KY.
What are key features of this property?
This property features: 12,481‑square‑foot freestanding flex building in Bluegrass Industrial Park; Heavy power and full climate control; Fenced storage lot for secured outdoor storage
