Building Details

Year Built 2010

Listing Agency: TRIO Commercial Property Group

Listed By: Phil Radcliff · License #275471 Show Phone

Source: Kcrea.resimplifi

Added: Oct 22, 2025 Changed: Oct 1 Last Checked: Oct 16 at 5:53AM

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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

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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.

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 / Yr

$72,539

Cap Rate

7.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,450,780 $1.5M

Cap Rate 7%

$1,036,271 $1.0M

Cap Rate 9%

$805,989 $806.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,972 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $162,788 @ 7.0% cap · market cap 17.79%

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

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Kitchen & Bath Showroom Gym & Fitness Center Electrical 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

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

5.1% 2019

4.7% 2020

1.7% 2021

3.9% 2022

3.9% 2023

3.6% 2024

3.7% 2025

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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