Flex Space with Gated
For Sale
$559,000
4609 Bittersweet Rd, Louisville, KY 40218
M-2-zoned facility combines warehouse area with finished office space and gated exterior storage.
Property Size4,181 SF
Price / SF$133.70
Days on Market16
Property Features for 4609 Bittersweet Rd
General Information
Standard status
Active
Size
4,181 SF
Property subtype
Industrial
Zoning
M2
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Office Build-Out
1,200 SF
Power
400 amps
Three-Phase Power
Yes
Building Details
Buildings
2
Listing Agency:
Colliers
Listed By:
Reed Weinberg · License #60187
(502) 299-0548
Source:
Kcrea.resimplifi
Added: Sep 29
Changed: Oct 13
Last Checked: Oct 12 at 4:19PM
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 Colliers
Investment Insights
Based on property information with market context.
This flex property totals approximately 4,181 square feet, including about 1,200 square feet of finished office area. Warehouse space makes up most of the building, with two overhead doors measuring 10 feet and 8 feet. A separate exterior storage building adds approximately 275 square feet, and the outdoor storage area is gated. Electrical service is 3-phase, 400 amp; most of the roof was recently replaced. The property carries M-2 zoning.
The site is south of I-264, off Bishop Lane, with the airport and UPS World Port nearby.
The site is south of I-264, off Bishop Lane, with the airport and UPS World Port nearby.
Key Highlights
- Approximately 4,181 SF, including approximately 1,200 SF of finished office
- Separate exterior storage building of approximately 275 SF; gated outdoor storage
- 3‑phase, 400 amp electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,911
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,220
$758.2K
Cap Rate 7%
$541,586
$541.6K
Cap Rate 9%
$421,233
$421.2K
Market Conditions
NOI Build-Up for 4,181 SF
Gross rent
$62.7K $15.00/SF
− Vacancy
−$4.4K −$1.05/SF
EGI
$58.3K $13.95/SF
− OpEx
−$20.4K −$4.88/SF
NOI
$37.9K $9.07/SF
Area
Louisville, KY
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,220
Cap Rate 7%
$541,586
Cap Rate 9%
$421,233
Alternative Uses
Best Use
Flex RnD
$541.6K
$473.9K – $631.9K
NOI $37,911 @ 7.0% cap · market cap 6.78%
Second Best
Warehouse
$482.9K
$422.6K – $563.4K
NOI $33,804 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.08M
$948.3K – $1.26M
NOI $75,860 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40218, KY
33,437
Population
14,697
Households
2.3
Avg Household Size
36
Median Age
29%
College-Educated
89%
High-School Grad
9.0 sq mi
ZIP Area
3,715
Density / Sq Mi
$56,191
Median Household Income
$35,784
Median Earnings
$1,059
Median Rent
$195,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Louisville, KY
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Frequently Asked Questions
What type of property is this?
Flex space - M-2-zoned facility combines warehouse area with finished office space and gated exterior storage.
Where is this flex space located?
The property is located at 4609 Bittersweet Rd Louisville, KY.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Approximately 4,181 SF, including approximately 1,200 SF of finished office; Separate exterior storage building of approximately 275 SF; gated outdoor storage; 3‑phase, 400 amp electrical service
