NNN Industrial Property with
For Sale
$1,200,000
1900 W Muhammad Ali Blvd, Louisville, KY 40203
The building combines office, shop, and open areas with a working overhead crane.
Property Size18,116 SF
Price / SF$66.24
Days on Market12
Property Features for 1900 W Muhammad Ali Blvd
General Information
Standard status
Active
Size
18,116 SF
Property subtype
Investment
Zoning
R6
Site & Location
Neighborhood
Russell
Road Access
Yes
Additional Details
Property Use
Industrial
Amenities
Power
Water
Sewer
Natural Gas
Vacant
Building Details
Year Built
1900
Listing Agency:
Sperry Commercial - Venture Realty
Listed By:
Wesley Odle · License ##201952
(502) 797-8828
Source:
Kcrea.resimplifi
Added: Oct 16
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 Sperry Commercial - Venture Realty
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Investment Insights
Based on property information with market context.
This 18,116-square-foot industrial property dates to 1900 and contains office, shop, and open areas. A working 4-ton overhead crane serves the building. Other features include LED lighting in warehouse and shop areas, structural enhancements, a covered main entry, and private off-street parking. Access is available from three sides, with two overhead doors, and the property occupies a corner location. The zoning is R6.
Located on W Muhammad Ali Blvd in Louisville, the property is near Downtown and within reach of dining, shopping, and entertainment. Nearby destinations named for the area include the KFC Yum! Center, Fourth Street Live, and the Muhammad Ali Center. The property is also near Chef's Pantry.
Located on W Muhammad Ali Blvd in Louisville, the property is near Downtown and within reach of dining, shopping, and entertainment. Nearby destinations named for the area include the KFC Yum! Center, Fourth Street Live, and the Muhammad Ali Center. The property is also near Chef's Pantry.
Key Highlights
- 18,116‑square‑foot industrial building, constructed in 1900
- Office, shop, and open areas with a working 4‑ton overhead crane
- Access from 3 sides; 2 overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,424
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,168,480
$2.2M
Cap Rate 7%
$1,548,914
$1.5M
Cap Rate 9%
$1,204,711
$1.2M
Market Conditions
NOI Build-Up for 18,116 SF
Gross rent
$163.0K $9.00/SF
− Vacancy
−$8.2K −$0.45/SF
EGI
$154.9K $8.55/SF
− OpEx
−$46.5K −$2.56/SF
NOI
$108.4K $5.98/SF
Area
Louisville, KY
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,168,480
Cap Rate 7%
$1,548,914
Cap Rate 9%
$1,204,711
Alternative Uses
Best Use
Flex RnD
$2.35M
$2.05M – $2.74M
NOI $164,267 @ 7.0% cap · market cap 13.69%
Second Best
Warehouse
$2.09M
$1.83M – $2.44M
NOI $146,468 @ 7.0% cap · market cap 12.21%
Theoretical Best
Office A
$4.70M
$4.11M – $5.48M
NOI $328,697 @ 7.0% cap · market cap 27.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,020
Businesses Nearby
Explore this area
Business Placement
Demographics for 40203, KY
16,801
Population
10,754
Households
1.6
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
5,793
Density / Sq Mi
$31,430
Median Household Income
$32,581
Median Earnings
$828
Median Rent
$179,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Louisville, KY
Frequently Asked Questions
What type of property is this?
NNN property - The building combines office, shop, and open areas with a working overhead crane.
Where is this nnn property located?
The property is located at 1900 W Muhammad Ali Blvd Louisville, KY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 18,116‑square‑foot industrial building, constructed in 1900; Office, shop, and open areas with a working 4‑ton overhead crane; Access from 3 sides; 2 overhead doors
