Fenced Retail
For Sale
$350,000
3524 7th Street Rd, Louisville, KY 40216
The property includes privacy fencing, a paved lot, and EZ1 zoning.
Property Size2,520 SF
Lot Size1.07 Acres
Price / SF$138.89
Days on Market396
Property Features for 3524 7th Street Rd
General Information
Standard status
Active
Size
2,520 SF
Total Parking Spaces
50
Lot size
1.07 Acres
Property subtype
Retail
Zoning
EZ1
Property Condition
Severity
Repairs Needed
Evidence
ready to be revamped
Site & Location
Road Access
Yes
Fenced Yard
Yes
Additional Details
Land Use
retail
Amenities
privacy fence
paved lot
Power
Water
Sewer
Natural Gas
Vacant
50 Parking Spaces
Building Details
Year Built
1982
Buildings
1
Listing Agency:
Genesis Realty LLC
(502) 468-7553
Listed By:
Heather Allen · License #203656
(502) 468-7553
Source:
Kcrea.resimplifi
Added: Jul 31, 2025
Changed: Aug 28
Last Checked: Aug 29 at 5:57AM
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 Genesis Realty LLC
Investment Insights
Based on property information with market context.
This storefront property includes a retail building on a fully paved, privacy-fenced lot. The site encompasses 1.0686 acres and carries EZ1 zoning. The building dates to 1982, providing an existing commercial structure for future repositioning or redevelopment consistent with applicable zoning requirements.
Located at 3524 7th Street Rd in Louisville, the property sits on a main road leading toward downtown Louisville. Additional adjacent acreage is also available for purchase, offering the possibility of expanding the assembled land area.
Located at 3524 7th Street Rd in Louisville, the property sits on a main road leading toward downtown Louisville. Additional adjacent acreage is also available for purchase, offering the possibility of expanding the assembled land area.
Key Highlights
- 1.0686‑acre storefront property at 3524 7th Street Rd, Louisville, KY 40216
- EZ1 zoning
- Fully privacy‑fenced site
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
$31,329
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
8.95%
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%
$626,580
$626.6K
Cap Rate 7%
$447,557
$447.6K
Cap Rate 9%
$348,100
$348.1K
Market Conditions
NOI Build-Up for 2,520 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
$48.4K $19.20/SF
− Vacancy
−$3.6K −$1.44/SF
EGI
$44.8K $17.76/SF
− OpEx
−$13.4K −$5.33/SF
NOI
$31.3K $12.43/SF
Area
ZIP 40216
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
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%
$626,580
Cap Rate 7%
$447,557
Cap Rate 9%
$348,100
Alternative Uses
Best Use
Retail
$447.6K
$391.6K – $522.2K
NOI $31,329 @ 7.0% cap · market cap 8.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$646.3K
$565.5K – $754.0K
NOI $45,239 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 34%
Electronics 3%
White Castle
Dining
12,458 visits/mo
0.2 miles
BP
Shops & Services
10,213 visits/mo
0.1 miles
Dollar General
Shops & Services
6,729 visits/mo
0.4 miles
Chase Bank
Shops & Services
5,832 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
3,424 visits/mo
0.4 miles
Demographics for 40216, KY
43,434
Population
19,257
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
15.7 sq mi
ZIP Area
2,766
Density / Sq Mi
$50,211
Median Household Income
$35,503
Median Earnings
$883
Median Rent
$154,500
Median Home Value
Market
Vacancy Rate% for Retail in Louisville, KY
Questions? Ask Rey
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Similar Off Market Nearby
- D & W Silks Inc — 3301 Dixie Hwy, Louisville, KY 40216
Frequently Asked Questions
What type of property is this?
Storefront property - The property includes privacy fencing, a paved lot, and EZ1 zoning.
Where is this storefront property located?
The property is located at 3524 7th Street Rd Louisville, KY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1.0686‑acre storefront property at 3524 7th Street Rd, Louisville, KY 40216; EZ1 zoning; Fully privacy‑fenced site
