Manufacturing Facility with Dock
For Sale
$5,120,000
1713 Cobalt Dr, Louisville, KY 40299
Air conditioning, production areas, and office space support a range of manufacturing operations.
Property Size41,456 SF
Lot Size2.27 Acres
Price / SF$123.50
Days on Market9
Property Features for 1713 Cobalt Dr
General Information
Standard status
Active
Size
41,456 SF
Total Parking Spaces
40
Lot size
2.27 Acres
Property subtype
Office
Zoning
PEC
Warehouse & Industrial
Office Build-Out
14,300 SF
Dock-High Doors
6
Additional Details
Highway Access
Yes
Amenities
40 Parking Spaces
Building Details
Year Built
1975
Building Size
41,456 SF
Listing Agency:
Commercial Kentucky, Inc.
Listed By:
Stephan Gray · License #KY 29130
(502) 589-5150
Source:
Kcrea.resimplifi
Added: Oct 6
Changed: Oct 13
Last Checked: Oct 13 at 2:20AM
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 Commercial Kentucky, Inc.
Investment Insights
Based on property information with market context.
Built in 1975, this 41,456-square-foot manufacturing property sits on 2.27 acres in Bluegrass Industrial Park. The building is fully air conditioned and includes 5,000 square feet of office space, 9,300 square feet of production office, and 27,156 square feet of production area. Six dock-high doors serve the facility. The property is zoned PEC.
At 1713 Cobalt Drive in Louisville, the site connects to I-64 and I-265, with access across the Louisville metropolitan area and surrounding markets.
At 1713 Cobalt Drive in Louisville, the site connects to I-64 and I-265, with access across the Louisville metropolitan area and surrounding markets.
Key Highlights
- 41,456 SF manufacturing building on 2.27 acres
- 27,156 SF production area
- 9,300 SF production office and 5,000 SF office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,637
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,032,740
$4.0M
Cap Rate 7%
$2,880,529
$2.9M
Cap Rate 9%
$2,240,411
$2.2M
Market Conditions
NOI Build-Up for 41,456 SF
Gross rent
$253.7K $6.12/SF
− Vacancy
−$16.5K −$0.40/SF
EGI
$237.2K $5.72/SF
− OpEx
−$35.6K −$0.86/SF
NOI
$201.6K $4.86/SF
Area
ZIP 40299
Vacancy
6.50%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,032,740
Cap Rate 7%
$2,880,529
Cap Rate 9%
$2,240,411
Alternative Uses
Best Use
Warehouse
$2.88M
$2.52M – $3.36M
NOI $201,637 @ 7.0% cap · market cap 3.94%
Second Best
Industrial
$2.43M
$2.13M – $2.84M
NOI $170,316 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$10.15M
$8.88M – $11.84M
NOI $710,390 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Explore this area
Business Placement
Demographics for 40299, KY
43,030
Population
17,567
Households
2.4
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
54.0 sq mi
ZIP Area
797
Density / Sq Mi
$85,419
Median Household Income
$50,427
Median Earnings
$1,290
Median Rent
$274,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Louisville, KY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Air conditioning, production areas, and office space support a range of manufacturing operations.
Where is this manufacturing property located?
The property is located at 1713 Cobalt Dr Louisville, KY.
What is the asking price?
The asking price for this property is $5,120,000.
What are key features of this property?
This property features: 41,456 SF manufacturing building on 2.27 acres; 27,156 SF production area; 9,300 SF production office and 5,000 SF office
