B-2 Mixed-Use
New
For Sale
$150,000
186 Hester St, Shepherdsville, KY 40165
The property combines a two-bedroom residence with zoning that allows business activity.
Property Size842 SF
Price / SF$178.15
Days on Market6
Property Features for 186 Hester St
General Information
Standard status
Active
Size
842 SF
Property subtype
Office
Zoning
B-2
Additional Details
Highway Access
Yes
Amenities
storage shed
Power
Water
Sewer
Vacant
Building Details
Year Built
1950
Listing Agency:
RE/MAX Premier Properties
Listed By:
Jay Pitts · License #63303
(502) 572-0186
Source:
Kcrea.resimplifi
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 28 at 4:51AM
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 RE/MAX Premier Properties
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Investment Insights
Based on property information with market context.
This 842-square-foot, two-bedroom residence offers a live-work configuration under B-2 zoning. A partially fenced backyard and a storage shed are part of the property. The home was built in 1950.
The property provides access to Hwy-44 and I-65, with shopping, dining, and entertainment in the surrounding area. Its zoning allows business use alongside the residence.
The property provides access to Hwy-44 and I-65, with shopping, dining, and entertainment in the surrounding area. Its zoning allows business use alongside the residence.
Key Highlights
- B‑2 zoning allows business use alongside a residence
- 842‑square‑foot, two‑bedroom home
- Partially fenced backyard and storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,377
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,540
$207.5K
Cap Rate 7%
$148,243
$148.2K
Cap Rate 9%
$115,300
$115.3K
Market Conditions
NOI Build-Up for 842 SF
Gross rent
$16.9K $20.04/SF
− Vacancy
−$3.0K −$3.61/SF
EGI
$13.8K $16.43/SF
− OpEx
−$3.5K −$4.11/SF
NOI
$10.4K $12.32/SF
Area
Bullitt County, KY
Vacancy
18.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,540
Cap Rate 7%
$148,243
Cap Rate 9%
$115,300
Alternative Uses
Best Use
Office B
$148.2K
$129.7K – $173.0K
NOI $10,377 @ 7.0% cap · market cap 6.92%
Second Best
Mixed Use
$142.1K
$124.3K – $165.8K
NOI $9,946 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$177.5K
$155.3K – $207.1K
NOI $12,425 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Explore this area
Business Placement
Demographics for 40165, KY
36,161
Population
15,622
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
113.2 sq mi
ZIP Area
319
Density / Sq Mi
$77,083
Median Household Income
$41,914
Median Earnings
$939
Median Rent
$242,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a two-bedroom residence with zoning that allows business activity.
Where is this mixed-use property located?
The property is located at 186 Hester St Shepherdsville, KY.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: B‑2 zoning allows business use alongside a residence; 842‑square‑foot, two‑bedroom home; Partially fenced backyard and storage shed
