LaGrange Commercial Investment
For Sale
Contact for pricing
Pending
312 W Main St, La Grange, KY 40031
Two properties near downtown LaGrange, offering commercial and residential zoning.
Property Size8,906 SF
Days on Market914
Property Features for 312 W Main St
General Information
Standard status
Pending
Size
8,906 SF
Property subtype
Retail
Building Details
Buildings
2
Listing Agency:
Horizon Commercial Realty
Listed By:
Emma Noble · License #275289
(502) 429-0090
Source:
Crexi
Added: Apr 15, 2024
Changed: Oct 7
Last Checked: Oct 14 at 11:51PM
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 Horizon Commercial Realty
Investment Insights
Based on property information with market context.
This investment opportunity includes two properties located between West Main Street and West Jefferson Street. The properties are within walking distance of downtown LaGrange and LaGrange Springs Park. One property, located at 311 W Jefferson St, is zoned commercial. The second property, located at 312 W Main St, is zoned R-4. The total property size is 8906 square feet.
Key Highlights
- Unique investment opportunity.
- Walking distance to downtown LaGrange and LaGrange Springs Park.
- Two properties included in the sale.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,987
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,779,740
$1.8M
Cap Rate 7%
$1,271,243
$1.3M
Cap Rate 9%
$988,744
$988.7K
Market Conditions
NOI Build-Up for 8,906 SF
Gross rent
$138.9K $15.60/SF
− Vacancy
−$11.8K −$1.33/SF
EGI
$127.1K $14.27/SF
− OpEx
−$38.1K −$4.28/SF
NOI
$89.0K $9.99/SF
Area
Oldham County, KY
Vacancy
8.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,779,740
Cap Rate 7%
$1,271,243
Cap Rate 9%
$988,744
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $88,987 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,427 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40031, KY
25,322
Population
8,507
Households
3
Avg Household Size
40
Median Age
34%
College-Educated
89%
High-School Grad
66.9 sq mi
ZIP Area
379
Density / Sq Mi
$96,682
Median Household Income
$47,046
Median Earnings
$1,120
Median Rent
$316,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two properties near downtown LaGrange, offering commercial and residential zoning.
Where is this storefront property located?
The property is located at 312 W Main St La Grange, KY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Unique investment opportunity.; Walking distance to downtown LaGrange and LaGrange Springs Park.; Two properties included in the sale.
