Drive-Through Restaurant with Curb
For Sale
$850,000
3280 Taylor Blvd, Louisville, KY 40215
C2-zoned restaurant property with two curb cuts and an existing drive-thru window.
Property Size2,640 SF
Price / SF$321.97
Days on Market399
Property Features for 3280 Taylor Blvd
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Retail
Zoning
C2
Site & Location
Drive-Thru
Yes
Traffic Count
12,000 vehicles/day
Road Access
Yes
Amenities
Drive-Thru
Vacant
Listing Agency:
Hogan Real Estate
(502) 593-8816
Listed By:
Lawrence Bisig · License #301605
(502) 593-8816
Source:
Kcrea.resimplifi
Added: Jul 28, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:56AM
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 Hogan Real Estate
Investment Insights
Based on property information with market context.
This 2,640 SF restaurant property in Louisville is a former KFC with an existing drive-thru window, two curb cuts, and frontage along Taylor Blvd. The site is zoned C2 and positioned on a four-lane corridor with visibility from Taylor Blvd and Earl Ave.
The property is approximately one mile from Churchill Downs and less than 2 miles from the University of Louisville and the Kentucky Exposition Center. Louisville International Airport is under 5 miles away. Traffic along Taylor Blvd exceeds 12,000 vehicles per day, while more than 116,000 residents live within a 3-mile radius. Nearby retailers include Family Dollar, Ace Hardware, and Dollar General.
The property is approximately one mile from Churchill Downs and less than 2 miles from the University of Louisville and the Kentucky Exposition Center. Louisville International Airport is under 5 miles away. Traffic along Taylor Blvd exceeds 12,000 vehicles per day, while more than 116,000 residents live within a 3-mile radius. Nearby retailers include Family Dollar, Ace Hardware, and Dollar General.
Key Highlights
- 2,640 SF former KFC restaurant property
- Existing drive‑thru window and two curb cuts
- C2 zoning with frontage along Taylor Blvd
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
$37,100
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
4.36%
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%
$742,000
$742.0K
Cap Rate 7%
$530,000
$530.0K
Cap Rate 9%
$412,222
$412.2K
Market Conditions
NOI Build-Up for 2,640 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
$52.9K $20.04/SF
− Vacancy
−$3.4K −$1.30/SF
EGI
$49.5K $18.74/SF
− OpEx
−$12.4K −$4.68/SF
NOI
$37.1K $14.05/SF
Area
Louisville, KY
Vacancy
6.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
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%
$742,000
Cap Rate 7%
$530,000
Cap Rate 9%
$412,222
Alternative Uses
Best Use
Specialty Retail
$530.0K
$463.8K – $618.3K
NOI $37,100 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$684.3K
$598.8K – $798.3K
NOI $47,900 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 29%
Home Improvements & Furnishings 14%
Groceries 10%
McDonald's
Dining
12,261 visits/mo
0.2 miles
Speedway
Shops & Services
10,103 visits/mo
0.3 miles
Ace Hardware
Home Improvements & Furnishings
9,023 visits/mo
0.3 miles
Wendy's
Dining
8,330 visits/mo
0.3 miles
Dollar General Market
Groceries
6,730 visits/mo
0.4 miles
Demographics for 40215, KY
21,230
Population
9,070
Households
2.3
Avg Household Size
35
Median Age
13%
College-Educated
79%
High-School Grad
3.5 sq mi
ZIP Area
6,066
Density / Sq Mi
$42,762
Median Household Income
$32,815
Median Earnings
$976
Median Rent
$106,500
Median Home Value
Market
Vacancy Rate% for Retail in Louisville, KY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - C2-zoned restaurant property with two curb cuts and an existing drive-thru window.
Where is this drive through restaurant located?
The property is located at 3280 Taylor Blvd Louisville, KY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,640 SF former KFC restaurant property; Existing drive‑thru window and two curb cuts; C2 zoning with frontage along Taylor Blvd
