Corner Flex Space with
For Sale
$150,000
2829 Taylor Blvd, Louisville, KY 40208
Two-level commercial space with offices, storage, kitchen, bathroom, cellar access, and a fenced rear area.
Property Size1,926 SF
Price / SF$77.88
Days on Market52
Property Features for 2829 Taylor Blvd
General Information
Standard status
Active
Size
1,926 SF
Property subtype
Other
Zoning
R6
Amenities
Power
Water
Sewer
Natural Gas
Vacant
Building Details
Year Built
1930
Listing Agency:
simpler.realestate
(502) 425-4200
Listed By:
Meredeth Holliger · License #199488
(502) 425-4200
Source:
Kcrea.resimplifi
Added: Jul 9
Changed: Aug 29
Last Checked: Aug 29 at 11:56AM
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 simpler.realestate
Investment Insights
Based on property information with market context.
This 1,926-square-foot flex space was built in 1930 and includes a finished reception area and office at the front of the building. Additional improvements include unfinished storage, a finished kitchen, and a bathroom with a stand-up shower. Access to the cellar or basement is provided from Iowa, while the building also includes a rear walkway and privacy-fenced yard. The property previously accommodated an HVAC company.
Positioned on a corner lot along Taylor Blvd, the property offers street parking and frontage-facing exposure. It is across from South Louisville Community Center and located blocks from Churchill Downs. The property is zoned R6.
Positioned on a corner lot along Taylor Blvd, the property offers street parking and frontage-facing exposure. It is across from South Louisville Community Center and located blocks from Churchill Downs. The property is zoned R6.
Key Highlights
- 1,926‑square‑foot flex space built in 1930
- Finished reception area and office at the front of the building
- Unfinished storage, finished kitchen, and bathroom with stand‑up shower
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,527
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$230,540
$230.5K
Cap Rate 7%
$164,671
$164.7K
Cap Rate 9%
$128,078
$128.1K
Market Conditions
NOI Build-Up for 1,926 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$17.3K $9.00/SF
− Vacancy
−$867 −$0.45/SF
EGI
$16.5K $8.55/SF
− OpEx
−$4.9K −$2.56/SF
NOI
$11.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$230,540
Cap Rate 7%
$164,671
Cap Rate 9%
$128,078
Alternative Uses
Best Use
Flex RnD
$249.5K
$218.3K – $291.1K
NOI $17,464 @ 7.0% cap · market cap 11.64%
Second Best
Industrial
$164.7K
$144.1K – $192.1K
NOI $11,527 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$499.2K
$436.8K – $582.4K
NOI $34,945 @ 7.0% cap · market cap 23.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40208, KY
17,048
Population
6,675
Households
2.6
Avg Household Size
27
Median Age
34%
College-Educated
88%
High-School Grad
2.6 sq mi
ZIP Area
6,557
Density / Sq Mi
$37,714
Median Household Income
$17,255
Median Earnings
$914
Median Rent
$153,100
Median Home Value
Market
Vacancy Rate% for Industrial in Louisville, KY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Catering Gallery — 704 Central Ave, Louisville, KY 40208
- Carter Co Inc — 2620 7th Street Rd, Louisville, KY 40208
Frequently Asked Questions
What type of property is this?
Flex space - Two-level commercial space with offices, storage, kitchen, bathroom, cellar access, and a fenced rear area.
Where is this flex space located?
The property is located at 2829 Taylor Blvd Louisville, 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: 1,926‑square‑foot flex space built in 1930; Finished reception area and office at the front of the building; Unfinished storage, finished kitchen, and bathroom with stand‑up shower
