Warehouse with Commercial
For Sale
$915,000
3036 W Broadway, Louisville, KY 40211
EZ-1 zoning and access to major thoroughfares support commercial, light industrial, or mixed-use operations.
Property Size8,972 SF
Lot Size1.10 Acres
Price / SF$101.98
Days on Market314
Property Features for 3036 W Broadway
General Information
Standard status
Active
Size
8,972 SF
Lot size
1.10 Acres
Property subtype
Retail
Zoning
EZ1
Additional Details
Road Access
Yes
Building Details
Year Built
2010
Listing Agency:
TRIO Commercial Property Group
(502) 386-5446
Listed By:
Phil Radcliff · License #275471
(502) 386-5446
Source:
Kcrea.resimplifi
Added: Oct 22, 2025
Changed: Aug 29
Last Checked: Aug 30 at 1:24PM
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 TRIO Commercial Property Group
Investment Insights
Based on property information with market context.
This 8,972-square-foot warehouse was constructed in 2010 and occupies approximately 1.1 acres at 3036 W Broadway in Louisville. The property offers frontage along W Broadway and is positioned within an established commercial setting that includes retail, service, and community-oriented businesses.
Ingress and egress connect the site with major city thoroughfares, while the corridor records 10,652 ADT. EZ-1 Enterprise Zone zoning supports a range of commercial, light industrial, and mixed-use operations. The combination of warehouse space, accessible positioning, and flexible zoning provides a practical base for an owner-user or other commercial operation.
Ingress and egress connect the site with major city thoroughfares, while the corridor records 10,652 ADT. EZ-1 Enterprise Zone zoning supports a range of commercial, light industrial, and mixed-use operations. The combination of warehouse space, accessible positioning, and flexible zoning provides a practical base for an owner-user or other commercial operation.
Key Highlights
- 8,972‑square‑foot warehouse constructed in 2010
- Approximately 1.1± acres
- Frontage along W Broadway with 10,652 ADT
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
$72,539
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
7.93%
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%
$1,450,780
$1.5M
Cap Rate 7%
$1,036,271
$1.0M
Cap Rate 9%
$805,989
$806.0K
Market Conditions
NOI Build-Up for 8,972 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
$89.4K $9.96/SF
− Vacancy
−$4.0K −$0.45/SF
EGI
$85.3K $9.51/SF
− OpEx
−$12.8K −$1.43/SF
NOI
$72.5K $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 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%
$1,450,780
Cap Rate 7%
$1,036,271
Cap Rate 9%
$805,989
Alternative Uses
Best Use
Warehouse
$1.04M
$906.7K – $1.21M
NOI $72,539 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.03M – $2.71M
NOI $162,788 @ 7.0% cap · market cap 17.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40211, KY
21,310
Population
11,450
Households
1.9
Avg Household Size
37
Median Age
11%
College-Educated
86%
High-School Grad
7.3 sq mi
ZIP Area
2,919
Density / Sq Mi
$32,598
Median Household Income
$28,245
Median Earnings
$925
Median Rent
$97,900
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.
Frequently Asked Questions
What type of property is this?
Warehouse - EZ-1 zoning and access to major thoroughfares support commercial, light industrial, or mixed-use operations.
Where is this warehouse located?
The property is located at 3036 W Broadway Louisville, KY.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: 8,972‑square‑foot warehouse constructed in 2010; Approximately 1.1± acres; Frontage along W Broadway with 10,652 ADT
