Turnkey Restaurant/Grocery, 2014
For Sale
$350,000
1444 Dixie Hwy, Louisville, KY 40210
Turnkey Restaurant/Grocery, 2014 Build
Property Size1,960 SF
Lot Size0.11 Acres
Price / SF$178.57
Days on Market205
Property Features for 1444 Dixie Hwy
General Information
Standard status
Active
Property type
Grocery and convenience stores, Storefront properties, Conventional restaurants, Retail properties & Spaces, Restaurants
Size
1,960 SF
Total Parking Spaces
4
Elevators
No
Lot size
0.11 Acres
Building Details
Year Built
2014
Buildings
1
Stories
1
Units
1
Listed By:
Lori Willinghurst
(502) 930-1155
Added: Mar 25
Changed: Apr 8
Investment Insights
Based on property information with market context.
This property, constructed in 2014, is located on Dixie Highway in Louisville, Kentucky. The building offers potential for various uses beyond its original configuration as a grocery store and restaurant. The sale includes commercial kitchen equipment, featuring three freezers, a walk-in cooler, seven additional coolers, a grill, two deep fryers, and an oven. Inventory is not included in the sale price and will be sold separately. The property is situated on a 0.1105-acre lot. The building's location on Dixie Highway provides high traffic volume and exposure. The property size is 1960 square feet.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,544
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,880
$550.9K
Cap Rate 7%
$393,486
$393.5K
Cap Rate 9%
$306,044
$306.0K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$39.3K $20.04/SF
− Vacancy
−$2.6K −$1.30/SF
EGI
$36.7K $18.74/SF
− OpEx
−$9.2K −$4.68/SF
NOI
$27.5K $14.05/SF
Area
Louisville, KY
Vacancy
6.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,880
Cap Rate 7%
$393,486
Cap Rate 9%
$306,044
Alternative Uses
Best Use
Specialty Retail
$393.5K
$344.3K – $459.1K
NOI $27,544 @ 7.0% cap · market cap 7.87%
Second Best
Retail
$322.8K
$282.5K – $376.6K
NOI $22,597 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$508.0K
$444.5K – $592.7K
NOI $35,562 @ 7.0% cap · market cap 10.16%
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
473
Businesses Nearby
20k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 46%
Thorntons
Shops & Services
10,712 visits/mo
0.1 miles
Save-A-Lot
Groceries
9,288 visits/mo
0.4 miles
Demographics for 40210, KY
14,418
Population
7,137
Households
2
Avg Household Size
36
Median Age
10%
College-Educated
81%
High-School Grad
3.2 sq mi
ZIP Area
4,506
Density / Sq Mi
$35,841
Median Household Income
$23,881
Median Earnings
$822
Median Rent
$93,400
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?
Grocery and convenience store - Turnkey Restaurant/Grocery, 2014 Build
Where is this grocery and convenience store located?
The property is located at 1444 Dixie Hwy Louisville, KY.
What is the asking price?
The asking price for this property is $350,000.
