Freestanding Industrial Flex
420 Roberts Avenue Louisville, KY 40214
420 Roberts Avenue, Louisville, KY, 40214
Contact for pricing
For Sale
Contact for pricing
Flex/industrial space with 14-foot clearance, four overhead doors, and in-suite office and bathrooms.
Property Size11,000 SF
Price / SF$140.91
Days on Market51
Property Features for 420 Roberts Avenue
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 1998
Listing agency
Hoagland Commercial Realtors
Listed by
Christopher O'Rear · License #N/A
Source
Crexi
Added: Jun 1 Updated: Jul 10 at 1:49PM Checked: Jul 20 at 6:14AM
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 Realtors
Investment Insights
Based on property information with market context.
This freespan industrial property is offered for sale or lease and is designed for flexible use with a wide-open interior and 14-foot clearance height. The building is served by four large overhead doors, with the option for the entire property or split configuration so that each 5,500-sf suite has two overhead doors. Each suite also includes office and bathroom space on-site, supporting both light industrial and mixed work functions.
The property is located at 420 Roberts Avenue in Louisville, KY 40214. The overhead door layout provides straightforward loading and access to the interior, while the freespan construction supports straightforward tenant layout planning.
For users needing efficient material handling and a flexible warehouse environment, the 14-foot clearance and large door access can support a variety of industrial and flex operations. The presence of office and bathroom space within each suite also helps accommodate administrative needs without requiring dedicated external improvements.
The property is located at 420 Roberts Avenue in Louisville, KY 40214. The overhead door layout provides straightforward loading and access to the interior, while the freespan construction supports straightforward tenant layout planning.
For users needing efficient material handling and a flexible warehouse environment, the 14-foot clearance and large door access can support a variety of industrial and flex operations. The presence of office and bathroom space within each suite also helps accommodate administrative needs without requiring dedicated external improvements.
Key Highlights
- 1998‑built freespan industrial building with 14' clearance height
- Available as 5,500 SF or 11,000 SF, offering space flexibility for users
- Four (4) large 14' overhead doors for the entire property or two (2) per 5,500‑SF suite
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $220.4k | $20.04 |
| − Vacancy | −$39.7k | −$3.61 |
| EGI | $180.8k | $16.43 |
| − OpEx | −$45.2k | −$4.11 |
| NOI | $135.6k | $12.32 |
11,000 SF · lease $20.04/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.94M
$1.69M – $2.26M
NOI $135,571 @ 7.0% cap · market cap 8.75%
Second Best
Flex RnD
$1.42M
$1.25M – $1.66M
NOI $99,743 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,504 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Barista Pro Shop
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex/industrial space with 14-foot clearance, four overhead doors, and in-suite office and bathrooms.
Where is this flex space located?
The property is located at 420 Roberts Avenue Louisville, KY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 1998‑built freespan industrial building with 14' clearance height; Available as 5,500 SF or 11,000 SF, offering space flexibility for users; Four (4) large 14' overhead doors for the entire property or two (2) per 5,500‑SF suite
