Bardstown Road Retail
1610 Bardstown Rd, Louisville, KY 40205
For Sale
Contact for pricing
Former Guitar Emporium building for sale on Bardstown Road.
Property Size4,446 SF
Price / SF$201.30
Days on Market797
Property Features for 1610 Bardstown Rd
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Listing Agency:
Hoagland Commercial Realtors
Listed By:
John Hoagland Jr, CCIM · License KY #67295
(502) 386-4246
Source:
Crexi
Added: Sep 9, 2024
Changed: Aug 8
Last Checked: Aug 26 at 12:18PM
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 Realtors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a rare opportunity to purchase a building on Bardstown Road. The property features a mostly wide open 4,446-square-foot first floor space, several private offices, and two restrooms. It includes both front and rear entrances, as well as an elevator that provides access to the parking lot, first floor, and lower level. A 3,525-square-foot lower level is included as bonus space, accessible via stairs and the elevator, bringing the total space to 7,971 square feet. The building was formerly the Guitar Emporium.
Key Highlights
- High‑visibility location on Bardstown Rd.
- Large 7,971 Sq. Ft. total space (4,446 Sq. Ft. on 1st floor + 3,525 Sq. Ft. bonus lower level)
- Elevator access to all levels (parking lot, 1st floor, and lower level)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,258
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,160
$1.0M
Cap Rate 7%
$732,257
$732.3K
Cap Rate 9%
$569,533
$569.5K
Market Conditions
NOI Build-Up for 4,446 SF
Gross rent
$80.0K $18.00/SF
− Vacancy
−$6.8K −$1.53/SF
EGI
$73.2K $16.47/SF
− OpEx
−$22.0K −$4.94/SF
NOI
$51.3K $11.53/SF
Area
Louisville, KY
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,160
Cap Rate 7%
$732,257
Cap Rate 9%
$569,533
Alternative Uses
Best Use
Retail
$732.3K
$640.7K – $854.3K
NOI $51,258 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,668 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
921
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 32%
BP
Shops & Services
6,314 visits/mo
0.5 miles
Uptown Cafe
Dining
4,917 visits/mo
0.1 miles
Chase Bank
Shops & Services
4,591 visits/mo
0.2 miles
Valvoline Instant Oil Change
Shops & Services
2,687 visits/mo
0.3 miles
Pizza Pub
Dining
1,809 visits/mo
0.1 miles
Demographics for 40205, KY
24,077
Population
11,021
Households
2.2
Avg Household Size
43
Median Age
65%
College-Educated
97%
High-School Grad
6.9 sq mi
ZIP Area
3,489
Density / Sq Mi
$98,990
Median Household Income
$54,604
Median Earnings
$1,095
Median Rent
$361,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Louisville, KY
Properties on Market for Retail space in Louisville
Vacancy Rate% for Retail in Louisville, KY
Frequently Asked Questions
What type of property is this?
Retail space - Former Guitar Emporium building for sale on Bardstown Road.
Where is this retail space located?
The property is located at 1610 Bardstown Rd Louisville, KY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: High‑visibility location on Bardstown Rd.; Large 7,971 Sq. Ft. total space (4,446 Sq. Ft. on 1st floor + 3,525 Sq. Ft. bonus lower level); Elevator access to all levels (parking lot, 1st floor, and lower level)
