Retail Sales-Generating
For Sale
$1,055,061
4126 Taylor Blvd, Louisville, KY 40215
For-sale retail space with reported strong store sales of $1.5M+.
Property Size7,920 SF
Price / SF$133.21
Days on Market154
Property Features for 4126 Taylor Blvd
General Information
Standard status
Active
Size
7,920 SF
Property subtype
Discount
Lease Type
NNN
Additional Details
Business Included
Yes
Amenities
Recently Exercised First Renewal Option | Demonstrating Long-Term Site Commitment
Strong Performing Location | Rare Reported Sales
Frontage Along Taylor Boulevard | Major North-South Thoroughfare with 24,000 VPD
Building Details
Building Size
7,920 SF
Listed By:
Ricardo Esteves · License #License(s): FL: BK3402581
(786) 522-7054
Source:
Marcusmillichap
Added: Apr 12
Changed: Sep 3
Last Checked: Sep 11 at 4:48AM
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 Ricardo Esteves
Investment Insights
Based on property information with market context.
This for-sale retail space is listed at 4126 Taylor Blvd in Louisville, KY 40215. The property’s public remarks note strong store sales, reported at $1.5M+.
The information provided does not include additional specifics such as the building size, unit configuration, lease terms, or property condition. Interested parties should confirm all operational and financial details directly with the broker or seller as part of their due diligence.
The information provided does not include additional specifics such as the building size, unit configuration, lease terms, or property condition. Interested parties should confirm all operational and financial details directly with the broker or seller as part of their due diligence.
Key Highlights
- For‑sale retail space with reported strong store sales of $1.5M+.
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
$91,310
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
8.65%
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%
$1,826,200
$1.8M
Cap Rate 7%
$1,304,429
$1.3M
Cap Rate 9%
$1,014,556
$1.0M
Market Conditions
NOI Build-Up for 7,920 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
$142.6K $18.00/SF
− Vacancy
−$12.1K −$1.53/SF
EGI
$130.4K $16.47/SF
− OpEx
−$39.1K −$4.94/SF
NOI
$91.3K $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 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%
$1,826,200
Cap Rate 7%
$1,304,429
Cap Rate 9%
$1,014,556
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.52M
NOI $91,310 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.05M
$1.80M – $2.40M
NOI $143,700 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
80k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Groceries 14%
Thorntons
Shops & Services
26,543 visits/mo
0.1 miles
Circle K
Shops & Services
14,098 visits/mo
0.4 miles
Save-A-Lot
Groceries
11,094 visits/mo
0.0 miles
BP
Shops & Services
9,009 visits/mo
0.4 miles
Dollar General
Shops & Services
7,176 visits/mo
0.1 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?
Retail space - For-sale retail space with reported strong store sales of $1.5M+.
Where is this retail space located?
The property is located at 4126 Taylor Blvd Louisville, KY.
What is the asking price?
The asking price for this property is $1,055,061.
What are key features of this property?
This property features: For‑sale retail space with reported strong store sales of $1.5M+.
