Building Details

Year Built 1974

Listing Agency: The Dattilo Realty Company

Listed By: Tommy Clark Show Phone

Source: Kcrea.resimplifi

Added: Jun 17, 2025 Changed: Oct 10 Last Checked: Oct 16 at 5:57AM

Report an Issue

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 The Dattilo Realty Company

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This former bank branch is a 2,703 SF commercial property built in 1974 and zoned C-1. The building includes three drive-thru lanes, while two separate egress points support circulation through the site. An application for a liquor license has been approved.

The property occupies the corner of Brownsboro Road and Birchwood Avenue in Louisville, next to St. Joseph's Children's Home. The site includes a large lot, parking, and room for expansion, as well as its existing drive-through infrastructure.

Key Highlights

• Former bank branch with 2,703 SF of building area
• Three drive‑thru lanes remain in place
• Two separate egress points support site circulation

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,985

Cap Rate

3.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$759,700 $759.7K

Cap Rate 7%

$542,643 $542.6K

Cap Rate 9%

$422,056 $422.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,703 SF

Gross rent

$54.2K $20.04/SF

− Vacancy

−$3.5K −$1.30/SF

EGI

$50.6K $18.74/SF

− OpEx

−$12.7K −$4.68/SF

NOI

$38.0K $14.05/SF

Area

Louisville, KY

Vacancy

6.50%

Lease Rate

$20.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$759,700

Cap Rate 7%

$542,643

Cap Rate 9%

$422,056

Alternative Uses

Best Use

Specialty Retail

$542.6K

$474.8K – $633.1K (±1% cap)

NOI $37,985 @ 7.0% cap · market cap 3.04%

Second Best

Retail

$445.2K

$389.5K – $519.4K (±1% cap)

NOI $31,163 @ 7.0% cap · market cap 2.49%

Theoretical Best

Office A

$700.6K

$613.0K – $817.4K (±1% cap)

NOI $49,043 @ 7.0% cap · market cap 3.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Banks

Suggested Use

Top Pick Parking Lot & Garage Law Firm Dental Office Daycare Center Building Supply HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

621

Businesses Nearby

12k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 63% Shops & Services 37%

Lee's Famous Recipe Chicken Dining

4,530 visits/mo 0.3 miles

Shell Shops & Services

4,397 visits/mo 0.3 miles

Penn Station East Coast Subs Dining

1,855 visits/mo 0.5 miles

Domino's Pizza Dining

1,138 visits/mo 0.5 miles

Demographics for 40206, KY

20,196

Population

11,637

Households

1.7

Avg Household Size

38

Median Age

55%

College-Educated

95%

High-School Grad

5.8 sq mi

ZIP Area

3,482

Density / Sq Mi

$72,543

Median Household Income

$48,506

Median Earnings

$1,142

Median Rent

$276,100

Median Home Value

Market

Vacancy Rate% for Retail in Louisville, KY

5.4% 2019

5.4% 2020

4.7% 2021

4.8% 2022

5.1% 2023

4.2% 2024

4.8% 2025

Similar For Sale Nearby

See more

Single-Tenant Chase Bank NNN

2943 Richland Ave, Louisville, KY 40220

$2,827,586

4,789 SF

View details

Bank of America Investment Property

10415 Southpointe Blvd, Louisville, KY 40291

Contact for pricing

4,000 SF

View details

Former Bank Space For Sale

3450 Taylor Blvd, Louisville, KY 40215

Contact for pricing

View details

Waterfront Event and Rental Estate

3227 River Rd, Louisville, KY 40207

$1,300,000

3,235 SF

View details

Renovated Three-Unit Storefront

1025 E Main St, Louisville, KY 40206

$995,000

2,464 SF

View details

Established Bar in Louisville Highlands

1123 Bardstown Rd, Louisville, KY 40204

$500,000

2,561 SF

View details

Duplex with Covered Carport

2217 Grinstead Dr, Louisville, KY 40204

$545,000

2,950 SF

View details

Fenced Auto Repair Shop

4824 Koppel Dr, Louisville, KY 40216

$355,000

2,800 SF

View details

Single-Level Office Building with Patio

908 Minoma Ave, Louisville, KY 40217

$599,000

3,061 SF

View details

First-Floor Office Condo

802 Lily Creek Rd, Louisville, KY 40243

$535,000

3,000 SF

View details

Renovated Mixed-Use Triplex

1110 Logan St, Louisville, KY 40204

$850,000

3,625 SF

View details

Freestanding Medical Office

4516 Outer Loop, Louisville, KY 40219

$377,656

2,417 SF

View details

Frequently Asked Questions

What type of property is this?

Bank - C-1-zoned commercial building with three drive-thru lanes and two separate exit points.

Where is this bank located?

The property is located at 2790 Brownsboro 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: Former bank branch with 2,703 SF of building area; Three drive‑thru lanes remain in place; Two separate egress points support site circulation