Industrial Flex
For Sale
$1,500,000
1824 Berry Blvd, Louisville, KY 40215
CM-zoned flex property with an industrial layout for fabrication, warehousing, or service operations.
Property Size15,649 SF
Price / SF$95.85
Days on Market178
Property Features for 1824 Berry Blvd
General Information
Standard status
Active
Size
15,649 SF
Property subtype
Industrial
Zoning
CM
Additional Details
Road Access
Yes
Listing Agency:
Horizon Commercial Realty, LLC
Listed By:
Michael DeHart · License #206388
(502) 500-2504
Source:
Kcrea.resimplifi
Added: Apr 20
Changed: Oct 3
Last Checked: Oct 12 at 4:36PM
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 Horizon Commercial Realty, LLC
Investment Insights
Based on property information with market context.
This 15,649 SF flex property offers an industrial configuration with functionality for fabrication, warehouse, and service operations. The building has a documented history of supporting sign production and contractor-type activity, providing a basis for continued industrial or flex occupancy. CM zoning further identifies its commercial manufacturing classification.
The property fronts Berry Boulevard in Louisville and connects to major transportation corridors serving the greater Louisville MSA. Its setting includes a combination of industrial, commercial, and service-oriented businesses. The building can accommodate an owner-user seeking operational space or an investor evaluating a repositioning strategy, as supported by the existing industrial layout and prior occupancy profile.
The property fronts Berry Boulevard in Louisville and connects to major transportation corridors serving the greater Louisville MSA. Its setting includes a combination of industrial, commercial, and service-oriented businesses. The building can accommodate an owner-user seeking operational space or an investor evaluating a repositioning strategy, as supported by the existing industrial layout and prior occupancy profile.
Key Highlights
- 15,649 SF flex property
- CM zoning
- Industrial layout supporting fabrication, warehouse, and service operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,523
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,530,460
$2.5M
Cap Rate 7%
$1,807,471
$1.8M
Cap Rate 9%
$1,405,811
$1.4M
Market Conditions
NOI Build-Up for 15,649 SF
Gross rent
$155.9K $9.96/SF
− Vacancy
−$7.0K −$0.45/SF
EGI
$148.9K $9.51/SF
− OpEx
−$22.3K −$1.43/SF
NOI
$126.5K $8.09/SF
Area
Louisville, KY
Vacancy
4.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,530,460
Cap Rate 7%
$1,807,471
Cap Rate 9%
$1,405,811
Alternative Uses
Best Use
Flex RnD
$2.03M
$1.77M – $2.36M
NOI $141,897 @ 7.0% cap · market cap 9.46%
Second Best
Warehouse
$1.81M
$1.58M – $2.11M
NOI $126,523 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$4.06M
$3.55M – $4.73M
NOI $283,935 @ 7.0% cap · market cap 18.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40215, KY
21,230
Population
9,070
Households
2.3
Avg Household Size
35
Median Age
13%
College-Educated
79%
High-School Grad
3.5 sq mi
ZIP Area
6,066
Density / Sq Mi
$42,762
Median Household Income
$32,815
Median Earnings
$976
Median Rent
$106,500
Median Home Value
Market
Vacancy Rate% for Industrial in Louisville, KY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - CM-zoned flex property with an industrial layout for fabrication, warehousing, or service operations.
Where is this flex space located?
The property is located at 1824 Berry Blvd Louisville, KY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 15,649 SF flex property; CM zoning; Industrial layout supporting fabrication, warehouse, and service operations
