Mixed-Use Property with Enclosed
For Sale
$899,000
Pending
4510 N Preston Hwy, Shepherdsville, KY 40165
B-1-zoned property combines insulated commercial buildings, a covered boat and RV shelter, parking, and an on-site residence.
Property Size11,411 SF
Lot Size1.35 Acres
Days on Market57
Property Features for 4510 N Preston Hwy
General Information
Standard status
Pending
Size
11,411 SF
Lot size
1.35 Acres
Property subtype
Other
Zoning
B-1
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Service Bays
5
Amenities
full bathroom
covered boat/RV shelter
Building Details
Buildings
2
Construction
metal
Abandoned
No
Listing Agency:
85W Real Estate
Listed By:
Travis Cox · License #218292
(502) 424-6873
Source:
Kcrea.resimplifi
Added: Aug 21
Changed: Oct 6
Last Checked: Oct 14 at 7:46PM
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 85W Real Estate
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Investment Insights
Based on property information with market context.
This B-1-zoned mixed-use property spans 1.35 acres along North Preston Highway in Shepherdsville, Kentucky. The commercial component includes more than 8,000 square feet of insulated metal buildings arranged with five enclosed bays, a full bathroom, and a covered shelter for boats or RVs. On-site parking supports the existing commercial configuration and a range of service-oriented operations.
A 1.5-story single-family residence is also located on the property, with 1,400 square feet above grade and 720 square feet below grade. The home is occupied under a month-to-month lease and can provide a separate residential component alongside the commercial improvements. The site has road frontage on North Preston Highway and is currently associated with Anglers Outpost and Marine.
A 1.5-story single-family residence is also located on the property, with 1,400 square feet above grade and 720 square feet below grade. The home is occupied under a month-to-month lease and can provide a separate residential component alongside the commercial improvements. The site has road frontage on North Preston Highway and is currently associated with Anglers Outpost and Marine.
Key Highlights
- 1.35‑acre mixed‑use property at 4510 N Preston Hwy, Shepherdsville, KY 40165
- B‑1 zoning with road frontage on N Preston Hwy
- Over 8,000 sq ft of insulated metal commercial buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,134
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,562,680
$1.6M
Cap Rate 7%
$1,116,200
$1.1M
Cap Rate 9%
$868,156
$868.2K
Market Conditions
NOI Build-Up for 11,411 SF
Gross rent
$116.4K $10.20/SF
− Vacancy
−$4.8K −$0.42/SF
EGI
$111.6K $9.78/SF
− OpEx
−$33.5K −$2.93/SF
NOI
$78.1K $6.85/SF
Area
Bullitt County, KY
Vacancy
4.10%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,562,680
Cap Rate 7%
$1,116,200
Cap Rate 9%
$868,156
Alternative Uses
Best Use
Mixed Use
$1.93M
$1.68M – $2.25M
NOI $134,792 @ 7.0% cap · market cap 14.99%
Second Best
Warehouse
$1.40M
$1.22M – $1.63M
NOI $97,944 @ 7.0% cap · market cap 10.89%
Theoretical Best
Office A
$2.41M
$2.10M – $2.81M
NOI $168,393 @ 7.0% cap · market cap 18.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Explore this area
Business Placement
Demographics for 40165, KY
36,161
Population
15,622
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
113.2 sq mi
ZIP Area
319
Density / Sq Mi
$77,083
Median Household Income
$41,914
Median Earnings
$939
Median Rent
$242,700
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - B-1-zoned property combines insulated commercial buildings, a covered boat and RV shelter, parking, and an on-site residence.
Where is this mixed-use property located?
The property is located at 4510 N Preston Hwy Shepherdsville, KY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 1.35‑acre mixed‑use property at 4510 N Preston Hwy, Shepherdsville, KY 40165; B‑1 zoning with road frontage on N Preston Hwy; Over 8,000 sq ft of insulated metal commercial buildings
