Flex Compound with Inner
For Sale
$1,499,000
326 E Bloom St, Louisville, KY 40208
Three-building flex property with office amenities, equipment clearance, and EZ1 zoning near the University of Louisville.
Property Size11,500 SF
Price / SF$130.35
Days on Market252
Property Features for 326 E Bloom St
General Information
Standard status
Active
Size
11,500 SF
Property subtype
Other
Zoning
EZ1
Warehouse & Industrial
Clear Height
17 ft
Office Build-Out
1,500 SF
Amenities
full kitchen
2 half baths
shower
Power
Water
Sewer
Natural Gas
Building Details
Buildings
3
Listing Agency:
Kentucky Select Properties
Listed By:
Nanette Tafel · License #190189
(502) 376-1083
Source:
Kcrea.resimplifi
Added: Feb 4
Changed: Oct 2
Last Checked: Oct 12 at 4:46PM
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 Kentucky Select Properties
Investment Insights
Based on property information with market context.
This flex property comprises three buildings arranged around an inner courtyard, creating a defined compound for commercial operations. The improvements include approximately 1,500 square feet of office area with a full kitchen, two half baths, and a shower. Entrance and hangar-door clearances reach 17 feet, accommodating larger equipment and storage needs.
The property is located at 326 E Bloom St in Louisville, adjacent to the University of Louisville. EZ1 zoning supports the property’s industrial-oriented configuration, with existing features suited to warehousing, manufacturing, studio, and live/work applications.
The property is located at 326 E Bloom St in Louisville, adjacent to the University of Louisville. EZ1 zoning supports the property’s industrial-oriented configuration, with existing features suited to warehousing, manufacturing, studio, and live/work applications.
Key Highlights
- Three‑building flex compound organized around an inner courtyard
- Approximately 1,500sf of office space with full kitchen, two half baths, and a shower
- 17‑foot clearance at the entrance and hangar doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,620
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,732,400
$2.7M
Cap Rate 7%
$1,951,714
$2.0M
Cap Rate 9%
$1,518,000
$1.5M
Market Conditions
NOI Build-Up for 11,500 SF
Gross rent
$248.4K $21.60/SF
− Vacancy
−$29.8K −$2.59/SF
EGI
$218.6K $19.01/SF
− OpEx
−$82.0K −$7.13/SF
NOI
$136.6K $11.88/SF
Area
Louisville, KY
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,732,400
Cap Rate 7%
$1,951,714
Cap Rate 9%
$1,518,000
Alternative Uses
Best Use
Office B
$2.12M
$1.86M – $2.48M
NOI $148,523 @ 7.0% cap · market cap 9.91%
Second Best
Mixed Use
$1.95M
$1.71M – $2.28M
NOI $136,620 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,656 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
17 ft
Clear height
Location Intelligence
Trade Area within ½ mile
905
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Louisville, KY
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Frequently Asked Questions
What type of property is this?
Flex space - Three-building flex property with office amenities, equipment clearance, and EZ1 zoning near the University of Louisville.
Where is this flex space located?
The property is located at 326 E Bloom St Louisville, KY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Three‑building flex compound organized around an inner courtyard; Approximately 1,500sf of office space with full kitchen, two half baths, and a shower; 17‑foot clearance at the entrance and hangar doors
