Commercial Land with Existing
For Sale
$450,000
219 W Hebron Ln, Shepherdsville, KY 40165
Commercially zoned acreage includes a house and two-car garage for storage.
Property Size1,400 SF
Price / SF$321.43
Days on Market471
Property Features for 219 W Hebron Ln
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Other
Zoning
Commercial Zone
Amenities
Power
Listing Agency:
Century 21 Advantage Plus
Listed By:
Lou Ann Moore · License #180702
(502) 296-1578
Source:
Kcrea.resimplifi
Added: Jul 3, 2025
Changed: Oct 1
Last Checked: Oct 16 at 5:47AM
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 Century 21 Advantage Plus
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Investment Insights
Based on property information with market context.
This 1.5-acre commercial land property includes an existing house and a two-car garage used for storage. The improvements are identified for potential office, retail, or live-in business use, providing an existing structure within the commercially zoned site.
The property is located at 219 W Hebron Ln in Shepherdsville, with sightlines from Hwy 61 North and a traffic signal positioned in front of the site. Louisville and I-65/Gene Snyder are described as minutes away, connecting the property to nearby regional destinations and transportation routes.
The property is located at 219 W Hebron Ln in Shepherdsville, with sightlines from Hwy 61 North and a traffic signal positioned in front of the site. Louisville and I-65/Gene Snyder are described as minutes away, connecting the property to nearby regional destinations and transportation routes.
Key Highlights
- 1.5 acres zoned for commercial use
- Existing house with a two‑car garage for storage
- Potential office, retail, or live‑in business configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,254
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,080
$345.1K
Cap Rate 7%
$246,486
$246.5K
Cap Rate 9%
$191,711
$191.7K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$28.1K $20.04/SF
− Vacancy
−$5.1K −$3.61/SF
EGI
$23.0K $16.43/SF
− OpEx
−$5.8K −$4.11/SF
NOI
$17.3K $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%
$345,080
Cap Rate 7%
$246,486
Cap Rate 9%
$191,711
Alternative Uses
Best Use
Office B
$246.5K
$215.7K – $287.6K
NOI $17,254 @ 7.0% cap · market cap 3.83%
Second Best
Mixed Use
$236.3K
$206.7K – $275.6K
NOI $16,538 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$295.1K
$258.3K – $344.3K
NOI $20,660 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
177
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercially zoned acreage includes a house and two-car garage for storage.
Where is this commercial land located?
The property is located at 219 W Hebron Ln Shepherdsville, KY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1.5 acres zoned for commercial use; Existing house with a two‑car garage for storage; Potential office, retail, or live‑in business configuration
