Standalone Turnkey Restaurant
For Sale
Contact for pricing
1444 Dixie Highway, Louisville, KY 40210
2014-constructed, fully equipped building with a comprehensive commercial kitchen package for restaurant or related uses.
Property Size1,960 SF
Price / SF$168.37
Days on Market56
Property Features for 1444 Dixie Highway
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Retail
Building Details
Year Built
2014
Listing Agency:
Keller Williams Collective
Listed By:
Adam Borders · License #275986
Source:
Crexi
Added: Jun 12
Changed: Jul 10
Last Checked: Aug 6 at 3:55AM
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 Keller Williams Collective
Investment Insights
Based on property information with market context.
This standalone building was constructed in 2014 and is presented as a turnkey commercial space with a substantial commercial kitchen equipment package included. The included equipment set features three freezers, a walk-in cooler suited for fresh meats, several additional coolers, a gas stove, deep fryers, and an oven. The property is described as having existing infrastructure supporting immediate operation, with inventory included in the sale price or available for the seller to remove, based on preference.
The building is located at 1444 Dixie Highway in Louisville, Kentucky, in an area described as thriving and surrounded by other local businesses. The property also provides convenient access to interstates and the airport, and its Dixie Highway frontage is described as delivering high traffic volume and strong visibility to potential customers.
With a ready-to-operate kitchen, this property is a practical fit for an owner-operator or a buyer seeking to start a food service concept with major kitchen equipment already in place. It is also presented as a versatile building for uses beyond the original grocery store/restaurant configuration, offering an established foundation and equipment package aimed at reducing early setup and start-up work.
The building is located at 1444 Dixie Highway in Louisville, Kentucky, in an area described as thriving and surrounded by other local businesses. The property also provides convenient access to interstates and the airport, and its Dixie Highway frontage is described as delivering high traffic volume and strong visibility to potential customers.
With a ready-to-operate kitchen, this property is a practical fit for an owner-operator or a buyer seeking to start a food service concept with major kitchen equipment already in place. It is also presented as a versatile building for uses beyond the original grocery store/restaurant configuration, offering an established foundation and equipment package aimed at reducing early setup and start-up work.
Key Highlights
- Stand‑alone building constructed in 2014 at 1444 Dixie Highway, Louisville, KY
- Fully equipped commercial kitchen equipment included: 3 freezers, walk‑in cooler, additional coolers
- Kitchen equipment package includes gas stove, deep fryers, and an oven for immediate use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,544
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 8.35%
Second Best
Retail
$322.8K
$282.5K – $376.6K
NOI $22,597 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$508.0K
$444.5K – $592.7K
NOI $35,562 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Louisville, KY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 2014-constructed, fully equipped building with a comprehensive commercial kitchen package for restaurant or related uses.
Where is this grocery and convenience store located?
The property is located at 1444 Dixie Highway Louisville, KY.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Stand‑alone building constructed in 2014 at 1444 Dixie Highway, Louisville, KY; Fully equipped commercial kitchen equipment included: 3 freezers, walk‑in cooler, additional coolers; Kitchen equipment package includes gas stove, deep fryers, and an oven for immediate use
