Mixed-Use Property with
For Sale
$204,900
Pending
3715 Dixie Hwy, Louisville, KY 40216
Flexible two-level layout with basement space, covered deck, pond, and detached two-car garage.
Property Size1,300 SF
Days on Market142
Property Features for 3715 Dixie Hwy
General Information
Standard status
Pending
Size
1,300 SF
Total Parking Spaces
2
Property subtype
Office
Zoning
C1
Amenities
Vacant
Building Details
Year Built
1919
Listing Agency:
Collective Roots Agency
Listed By:
Andrea Murphy · License #243463
(812) 589-9312
Source:
Kcrea.resimplifi
Added: May 30
Changed: Oct 6
Last Checked: Oct 16 at 5:38AM
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 Collective Roots Agency
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Investment Insights
Based on property information with market context.
This 1,300-square-foot mixed-use property at 3715 Dixie Hwy in Louisville combines a residential layout with adaptable interior space. Built in 1919, the home includes one large bedroom on the main floor and a second bedroom upstairs. Interior cosmetic improvements have refreshed the property while retaining original character.
The unfinished basement has its own entrance, an additional unfinished bedroom, an unfinished bathroom and laundry area, plus open space for future configuration. Exterior features include a covered deck, pond, large backyard, and two-car garage. The property has been used as a primary residence and is presented as suitable for live-work use, office conversion, or continued residential occupancy, subject to applicable requirements.
The unfinished basement has its own entrance, an additional unfinished bedroom, an unfinished bathroom and laundry area, plus open space for future configuration. Exterior features include a covered deck, pond, large backyard, and two-car garage. The property has been used as a primary residence and is presented as suitable for live-work use, office conversion, or continued residential occupancy, subject to applicable requirements.
Key Highlights
- 1,300 SF property built in 1919
- Main‑floor bedroom plus second bedroom upstairs
- Unfinished basement with separate entrance and additional unfinished bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,550
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,000
$351.0K
Cap Rate 7%
$250,714
$250.7K
Cap Rate 9%
$195,000
$195.0K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$31.2K $24.00/SF
− Vacancy
−$3.1K −$2.40/SF
EGI
$28.1K $21.60/SF
− OpEx
−$10.5K −$8.10/SF
NOI
$17.6K $13.50/SF
Area
ZIP 40216
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,000
Cap Rate 7%
$250,714
Cap Rate 9%
$195,000
Alternative Uses
Best Use
Mixed Use
$250.7K
$219.4K – $292.5K
NOI $17,550 @ 7.0% cap · market cap 8.57%
Second Best
Office B
$246.7K
$215.9K – $287.8K
NOI $17,269 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$333.4K
$291.7K – $389.0K
NOI $23,338 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Louisville, KY
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible two-level layout with basement space, covered deck, pond, and detached two-car garage.
Where is this mixed-use property located?
The property is located at 3715 Dixie Hwy Louisville, KY.
What is the asking price?
The asking price for this property is $204,900.
What are key features of this property?
This property features: 1,300 SF property built in 1919; Main‑floor bedroom plus second bedroom upstairs; Unfinished basement with separate entrance and additional unfinished bedroom
