Building Details

Tenancy Multi

Listing Agency: Hoagland Commercial

Listed By: Brooks Hower · License #72257 Show Phone

Source: Kcrea.resimplifi

Added: Nov 5, 2025 Changed: Oct 11 Last Checked: Oct 14 at 7:41PM

Report an Issue

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 Hoagland Commercial

Investment Insights

Based on property information with market context.

This 7,842-square-foot storefront property is configured as a two-tenant retail building and carries C2 zoning. Its commercial format supports a range of retail occupancy arrangements within an established building.

Located at 3801 Frankfort Ave in St. Matthews, Louisville, Kentucky, the property sits among established neighborhoods and nearby local businesses. The surrounding commercial setting adds context for retailers seeking a presence in an active local business area.

Key Highlights

• 7,842‑square‑foot storefront property
• Two‑tenant retail building configuration
• C2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$90,410

Cap Rate

6.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,808,200 $1.8M

Cap Rate 7%

$1,291,571 $1.3M

Cap Rate 9%

$1,004,556 $1.0M

Market Conditions

NOI Build-Up for 7,842 SF

Gross rent

$141.2K $18.00/SF

− Vacancy

−$12.0K −$1.53/SF

EGI

$129.2K $16.47/SF

− OpEx

−$38.7K −$4.94/SF

NOI

$90.4K $11.53/SF

Area

Louisville, KY

Vacancy

8.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,808,200

Cap Rate 7%

$1,291,571

Cap Rate 9%

$1,004,556

Alternative Uses

Best Use

Retail

$1.29M

$1.13M – $1.51M (±1% cap)

NOI $90,410 @ 7.0% cap · market cap 6.70%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.03M

$1.78M – $2.37M (±1% cap)

NOI $142,285 @ 7.0% cap · market cap 10.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Gerstles Bar & Pub

Suggested Use

Top Pick HVAC Service Auto Parts Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store Storage Facility Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,367

Businesses Nearby

98k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 77% Shops & Services 18% Groceries 2% Home Improvements & Furnishings 1%

Burger King Dining

12,442 visits/mo 0.4 miles

Starbucks Dining

11,935 visits/mo 0.2 miles

Graeter's Ice Cream Dining

9,658 visits/mo 0.2 miles

Jimmy John's Dining

8,090 visits/mo 0.3 miles

Heine Brothers Coffee Dining

7,226 visits/mo 0.1 miles

Demographics for 40207, KY

30,104

Population

14,507

Households

2.1

Avg Household Size

43

Median Age

68%

College-Educated

98%

High-School Grad

11.7 sq mi

ZIP Area

2,573

Density / Sq Mi

$98,583

Median Household Income

$59,242

Median Earnings

$1,248

Median Rent

$401,500

Median Home Value

Market

Vacancy Rate% for Retail in Louisville, KY

5.4% 2019

5.4% 2020

4.7% 2021

4.8% 2022

5.1% 2023

4.2% 2024

4.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Two-Building Storefront Property

118 Bauer Avenue, Louisville, KY 40207

$1,300,000

7,587 SF

View details

Retail Strip Center with Drive-Through

1348 River Rd, Louisville, KY 40206

$1,625,000

7,781 SF

View details

Retail Sales-Generating Space

4126 Taylor Blvd, Louisville, KY 40215

$1,055,061

7,920 SF

View details

Freestanding Retail Property

2707 Dixie Hwy, Louisville, KY 40216

$1,065,000

9,364 SF

View details

Three-Building Retail Property

2200 Dundee Rd, Louisville, KY 40205

$1,250,000

5,396 SF

View details

Mixed-Use Retail and Apartment Property

3314 Preston Hwy, Louisville, KY 40213

$1,100,000

5,700 SF

View details

Retail Property with Additional Parking Lot

1900 & 1903 Mellwood Avenue, Louisville, KY 40206

$1,200,000

11,772 SF

View details

Three-Building Mixed-Use Property

1271 S Shelby St, Louisville, KY 40204

$800,000

10,351 SF

View details

Mixed-Use Property with Apartment

1328 Bardstown Road, Louisville, KY 40204

$1,650,000

5,000 SF

View details

Leased Mixed-Use Building

2110 Bardstown Rd, Louisville, KY 40205

$850,000

5,680 SF

View details

Mixed-Use Property With Retail Space

426 W Jefferson St, Louisville, KY 40202

$1,600,000

13,415 SF

View details

Mixed-Use Building with Retail Space

4951 Manslick Rd, Louisville, KY 40214

$1,599,000

14,280 SF

View details

Similar Off Market Nearby

• SameDay-FlowerDelivery — 4122 shelbyville rd, louisville, ky 40207

Frequently Asked Questions

What type of property is this?

Storefront property - C2-zoned retail building serving established neighborhoods and nearby local businesses.

Where is this storefront property located?

The property is located at 3801 Frankfort Ave Louisville, KY.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: 7,842‑square‑foot storefront property; Two‑tenant retail building configuration; C2 zoning