Commercial
For Sale
$165,000
1563 S 9th St, Louisville, KY 40208
EZ1 zoning and nearby industrial and mixed-use projects shape the parcel’s development context.
Property Size1,550 SF
Price / SF$106.45
Days on Market16
Property Features for 1563 S 9th St
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Land
Zoning
EZ1
Site & Location
Neighborhood
Churchill Downs
Amenities
Power
Water
Sewer
Vacant
Listing Agency:
Fischer's R E Brkg & Betterment Haus LLC
Listed By:
John Fischer · License #72871
(502) 608-3133
Source:
Kcrea.resimplifi
Added: Oct 12
Changed: Oct 26
Last Checked: Oct 26 at 3:23PM
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 Fischer's R E Brkg & Betterment Haus LLC
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Investment Insights
Based on property information with market context.
This commercial land parcel carries EZ1 zoning. Its setting among existing and planned industrial and mixed-use projects provides relevant context for evaluating the site as part of a broader land plan.
Key Highlights
- EZ1 zoning
- Near existing and planned industrial and mixed‑use projects
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,042
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,840
$260.8K
Cap Rate 7%
$186,314
$186.3K
Cap Rate 9%
$144,911
$144.9K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$19.7K $12.72/SF
− Vacancy
−$1.1K −$0.70/SF
EGI
$18.6K $12.02/SF
− OpEx
−$5.6K −$3.61/SF
NOI
$13.0K $8.41/SF
Area
Louisville, KY
Vacancy
5.50%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,840
Cap Rate 7%
$186,314
Cap Rate 9%
$144,911
Alternative Uses
Best Use
Multifamily LT 5
$186.3K
$163.0K – $217.4K
NOI $13,042 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$150.7K
$131.9K – $175.8K
NOI $10,549 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$401.8K
$351.5K – $468.7K
NOI $28,123 @ 7.0% cap · market cap 17.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
Explore this area
Business Placement
Demographics for 40208, KY
17,048
Population
6,675
Households
2.6
Avg Household Size
27
Median Age
34%
College-Educated
88%
High-School Grad
2.6 sq mi
ZIP Area
6,557
Density / Sq Mi
$37,714
Median Household Income
$17,255
Median Earnings
$914
Median Rent
$153,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Commercial land - EZ1 zoning and nearby industrial and mixed-use projects shape the parcel’s development context.
Where is this commercial land located?
The property is located at 1563 S 9th St Louisville, KY.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: EZ1 zoning; Near existing and planned industrial and mixed‑use projects
