Corner Tavern With Outdoor
For Sale
Contact for pricing
3700 Taylor Boulevard, Louisville, KY 40215
Commercial bar property with a recently replaced roof, dedicated parking, and space for outdoor customer seating.
Property Size2,068 SF
Price / SF$205.51
Days on Market32
Property Features for 3700 Taylor Boulevard
General Information
Standard status
Active
Size
2,068 SF
Class
B
Total Parking Spaces
11
Property subtype
Retail
Zoning
C1
Additional Details
Patio
Yes
Amenities
DJ station
gaming machine space
Building Details
Year Built
1930
Listing Agency:
eXp Commercial LLC
(502) 797-7808
Listed By:
LaTonia Isenberg · License #KY 202342
Source:
Crexi
Added: Jul 24
Changed: Aug 18
Last Checked: Aug 23 at 9:56PM
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 eXp Commercial LLC
Investment Insights
Based on property information with market context.
This Louisville bar property occupies a corner location and contains 2,068 square feet of commercial space. Built in 1930, the building includes an outdoor seating area, a DJ station, and designated space for gaming machines. A new roof was installed July 11, 2025, adding a recently completed building improvement.
The property is located at 3700 Taylor Boulevard in Louisville, Kentucky, within a high-traffic commercial corridor. It offers 10+ dedicated parking spaces and is zoned for commercial use. The existing configuration supports continued tavern operations while also providing physical features for an operator considering a different bar or entertainment concept.
The property is located at 3700 Taylor Boulevard in Louisville, Kentucky, within a high-traffic commercial corridor. It offers 10+ dedicated parking spaces and is zoned for commercial use. The existing configuration supports continued tavern operations while also providing physical features for an operator considering a different bar or entertainment concept.
Key Highlights
- 2,068 SF commercial bar property built in 1930
- New roof installed July 11, 2025
- Corner location on Taylor Boulevard in Louisville
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
$29,062
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
6.84%
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%
$581,240
$581.2K
Cap Rate 7%
$415,171
$415.2K
Cap Rate 9%
$322,911
$322.9K
Market Conditions
NOI Build-Up for 2,068 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
$41.4K $20.04/SF
− Vacancy
−$2.7K −$1.30/SF
EGI
$38.7K $18.74/SF
− OpEx
−$9.7K −$4.68/SF
NOI
$29.1K $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%
$581,240
Cap Rate 7%
$415,171
Cap Rate 9%
$322,911
Alternative Uses
Best Use
Specialty Retail
$415.2K
$363.3K – $484.4K
NOI $29,062 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$536.0K
$469.0K – $625.4K
NOI $37,522 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
36k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Groceries 19%
Dining 14%
Circle K
Shops & Services
14,098 visits/mo
0.3 miles
BP
Shops & Services
9,009 visits/mo
0.3 miles
Dollar General Market
Groceries
6,730 visits/mo
0.5 miles
Rally's
Dining
5,098 visits/mo
0.4 miles
Discount Tire Store
Shops & Services
1,162 visits/mo
0.3 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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Similar Off Market Nearby
- Premier Latin Sin Club — 3608 S 7th St, Louisville, KY 40216
- Wyandotte Tavern — 3700 Taylor Blvd, Louisville, KY 40215
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- Old Rascals — 1102 W Ashland Ave, Louisville, KY 40215
- Foxys Gentlemens Club — 1715 Berry Blvd, Louisville/Jefferson County metro government (balance), KY 40215
Frequently Asked Questions
What type of property is this?
Bar & Pub - Commercial bar property with a recently replaced roof, dedicated parking, and space for outdoor customer seating.
Where is this bar & pub located?
The property is located at 3700 Taylor Boulevard Louisville, KY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,068 SF commercial bar property built in 1930; New roof installed July 11, 2025; Corner location on Taylor Boulevard in Louisville
