Three-Building Retail
For Sale
$1,250,000
2200 Dundee Rd, Louisville, KY 40205
Contiguous buildings support retail and food-and-beverage uses in Louisville’s Upper Highlands.
Property Size5,396 SF
Price / SF$231.65
Days on Market231
Property Features for 2200 Dundee Rd
General Information
Standard status
Active
Size
5,396 SF
Property subtype
Retail
Zoning
C2
Occupancy
100%
Building Details
Year Built
1920
Buildings
3
Tenancy
Multi-Tenant
Listing Agency:
Commercial Kentucky, Inc.
Listed By:
Sam Gray · License #249598
(502) 523-8582
Source:
Kcrea.resimplifi
Added: Feb 25
Changed: Sep 29
Last Checked: Oct 12 at 4:47PM
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.
This retail property consists of three adjoining buildings with a configuration suited to conventional storefront operations, including food-and-beverage uses. Constructed in 1995, the property has received recent capital improvements and is described as well maintained. The asset is currently 100% leased, with multiple tenant terms scheduled to expire in 2026 and renewal discussions underway.
Located at 2200 Dundee Road in Louisville’s Upper Highlands, the property occupies a prominent position at Douglass Loop. Cherokee Park and amenities along the Bardstown Road corridor are within walking distance, adding established neighborhood context to the site.
Located at 2200 Dundee Road in Louisville’s Upper Highlands, the property occupies a prominent position at Douglass Loop. Cherokee Park and amenities along the Bardstown Road corridor are within walking distance, adding established neighborhood context to the site.
Key Highlights
- Three contiguous buildings configured for retail and food‑and‑beverage uses
- Currently 100% leased
- Recent capital upgrades completed by ownership
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,210
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,244,200
$1.2M
Cap Rate 7%
$888,714
$888.7K
Cap Rate 9%
$691,222
$691.2K
Market Conditions
NOI Build-Up for 5,396 SF
Gross rent
$97.1K $18.00/SF
− Vacancy
−$8.3K −$1.53/SF
EGI
$88.9K $16.47/SF
− OpEx
−$26.7K −$4.94/SF
NOI
$62.2K $11.53/SF
Area
Louisville, KY
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,244,200
Cap Rate 7%
$888,714
Cap Rate 9%
$691,222
Alternative Uses
Best Use
Retail
$888.7K
$777.6K – $1.04M
NOI $62,210 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,905 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
938
Businesses Nearby
92k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 46%
Dining 39%
Shops & Services 12%
Beauty & Spa 3%
Kroger
Groceries
42,722 visits/mo
0.3 miles
McDonald's
Dining
20,067 visits/mo
0.5 miles
First Watch
Dining
9,032 visits/mo
0.5 miles
FedEx Office Print & Ship Center
Shops & Services
3,839 visits/mo
0.1 miles
Jet's Pizza
Dining
3,530 visits/mo
0.5 miles
Demographics for 40205, KY
24,077
Population
11,021
Households
2.2
Avg Household Size
43
Median Age
65%
College-Educated
97%
High-School Grad
6.9 sq mi
ZIP Area
3,489
Density / Sq Mi
$98,990
Median Household Income
$54,604
Median Earnings
$1,095
Median Rent
$361,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Louisville, KY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Contiguous buildings support retail and food-and-beverage uses in Louisville’s Upper Highlands.
Where is this retail space located?
The property is located at 2200 Dundee Rd Louisville, KY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three contiguous buildings configured for retail and food‑and‑beverage uses; Currently 100% leased; Recent capital upgrades completed by ownership
