Concrete Warehouse with Loading
For Sale
$980,000
3044 W Broadway, Louisville, KY 40211
Industrial warehouse with office space, insulated storage, multiple gates, and direct access to a broad loading dock.
Property Size10,416 SF
Lot Size0.93 Acres
Price / SF$94.07
Days on Market2025
Property Features for 3044 W Broadway
General Information
Standard status
Active
Size
10,416 SF
Lot size
0.93 Acres
Property subtype
Industrial
Zoning
EZ1
Property Condition
Severity
Repairs Needed
Evidence
Some rehab required
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
12 ft
Clear Span
Yes
Warehouse Space
8,322 SF
Office Build-Out
1,316 SF
Drive-In Doors
1
Amenities
Water
Sewer
Building Details
Year Built
1960
Buildings
1
Building Size
10,416 SF
Construction
concrete
Listing Agency:
Metro 1
Listed By:
Neil Blumberg · License #PB20702195
(502) 439-2826
Source:
Kcrea.resimplifi
Added: Apr 1, 2021
Changed: Oct 4
Last Checked: Oct 16 at 5:54AM
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 Metro 1
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Investment Insights
Based on property information with market context.
This warehouse property features concrete construction throughout the floor, walls, and roof, along with a concrete parking pad. The interior includes 8,322 square feet of storage area, a 780-square-foot loading dock, and 1,316 square feet of office space. A 22-foot-wide insulated room runs along the west side and may support cold-storage or sound-reduction needs. The building also has 12-foot ceilings, clear-span space, and an approximately 10-foot-high drive-in door. The roof was replaced in 2021, although some rehabilitation is required.
Access is provided through three gates positioned at the north end, along the west side, and at the south end. The property at 3044 W Broadway in Louisville is served by electric, water, gas, and municipal sewer utilities. An additional 0.825 acres of contiguous vacant land is identified for separate purchase. Zoning is EZ-1, which permits uses allowed in the C-2 Commercial and M-3 Industrial districts, subject to stated exceptions.
Access is provided through three gates positioned at the north end, along the west side, and at the south end. The property at 3044 W Broadway in Louisville is served by electric, water, gas, and municipal sewer utilities. An additional 0.825 acres of contiguous vacant land is identified for separate purchase. Zoning is EZ-1, which permits uses allowed in the C-2 Commercial and M-3 Industrial districts, subject to stated exceptions.
Key Highlights
- Concrete floor, walls, roof, and parking pad
- 8,322 square feet of storage warehouse space
- 1,316 square feet of office space and 780‑square‑foot loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,230
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,684,600
$1.7M
Cap Rate 7%
$1,203,286
$1.2M
Cap Rate 9%
$935,889
$935.9K
Market Conditions
NOI Build-Up for 10,418 SF
Gross rent
$103.8K $9.96/SF
− Vacancy
−$4.7K −$0.45/SF
EGI
$99.1K $9.51/SF
− OpEx
−$14.9K −$1.43/SF
NOI
$84.2K $8.09/SF
Area
Louisville, KY
Vacancy
4.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,684,600
Cap Rate 7%
$1,203,286
Cap Rate 9%
$935,889
Alternative Uses
Best Use
Flex RnD
$1.35M
$1.18M – $1.57M
NOI $94,465 @ 7.0% cap · market cap 9.64%
Second Best
Warehouse
$1.20M
$1.05M – $1.40M
NOI $84,230 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $189,024 @ 7.0% cap · market cap 19.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
12 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40211, KY
21,310
Population
11,450
Households
1.9
Avg Household Size
37
Median Age
11%
College-Educated
86%
High-School Grad
7.3 sq mi
ZIP Area
2,919
Density / Sq Mi
$32,598
Median Household Income
$28,245
Median Earnings
$925
Median Rent
$97,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Louisville, KY
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with office space, insulated storage, multiple gates, and direct access to a broad loading dock.
Where is this warehouse located?
The property is located at 3044 W Broadway Louisville, KY.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Concrete floor, walls, roof, and parking pad; 8,322 square feet of storage warehouse space; 1,316 square feet of office space and 780‑square‑foot loading dock
