Fenced Warehouse
For Sale
$125,000
3011 W Main St, Louisville, KY 40212
Two parcels include a heated garage and EZ1 zoning.
Property Size1,369 SF
Price / SF$91.31
Days on Market53
Property Features for 3011 W Main St
General Information
Standard status
Active
Size
1,369 SF
Property subtype
Industrial
Zoning
EZ1
Site & Location
Neighborhood
Portland
Fenced Yard
Yes
Building Details
Year Built
1960
Listing Agency:
Exit Realty Crutcher
Listed By:
Darlene Hirth · License #212206
(502) 327-9838
Source:
Kcrea.resimplifi
Added: Sep 2
Changed: Oct 12
Last Checked: Oct 23 at 3:21AM
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 Exit Realty Crutcher
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Investment Insights
Based on property information with market context.
This warehouse-class property consists of two lots measuring .277 of an acre and .1361 of an acre. The site includes a 1,369-square-foot, two-car heated garage and is fully fenced.
The property is zoned EZ1 and is located at 3011 W Main St in Louisville, KY 40212. Commercial warehouse use is identified as a potential application for the property.
The property is zoned EZ1 and is located at 3011 W Main St in Louisville, KY 40212. Commercial warehouse use is identified as a potential application for the property.
Key Highlights
- Two lots measuring .277 of an acre and .1361 of an acre
- 1,369‑square‑foot two‑car heated garage
- Fully fenced property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,068
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,360
$221.4K
Cap Rate 7%
$158,114
$158.1K
Cap Rate 9%
$122,978
$123.0K
Market Conditions
NOI Build-Up for 1,369 SF
Gross rent
$13.6K $9.96/SF
− Vacancy
−$614 −$0.45/SF
EGI
$13.0K $9.51/SF
− OpEx
−$2.0K −$1.43/SF
NOI
$11.1K $8.09/SF
Area
Louisville, KY
Vacancy
4.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,360
Cap Rate 7%
$158,114
Cap Rate 9%
$122,978
Alternative Uses
Best Use
Warehouse
$158.1K
$138.4K – $184.5K
NOI $11,068 @ 7.0% cap · market cap 8.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$354.8K
$310.5K – $414.0K
NOI $24,839 @ 7.0% cap · market cap 19.87%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40212, KY
16,360
Population
8,061
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
81%
High-School Grad
3.8 sq mi
ZIP Area
4,305
Density / Sq Mi
$35,389
Median Household Income
$28,506
Median Earnings
$917
Median Rent
$78,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Louisville, KY
Similar Off Market Nearby
- Michael Ball Moving and Storage — 2310 W Main St, Louisville, KY 40212
Frequently Asked Questions
What type of property is this?
Warehouse - Two parcels include a heated garage and EZ1 zoning.
Where is this warehouse located?
The property is located at 3011 W Main St Louisville, KY.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Two lots measuring .277 of an acre and .1361 of an acre; 1,369‑square‑foot two‑car heated garage; Fully fenced property
