Industrial Site with Existing
For Sale
Contact for pricing
Pending
4652 Knopp Ave, Louisville, KY 40213
3.57-acre industrial site with 8,800 SF building for sale.
Property Size8,800 SF
Lot Size3.57 Acres
Days on Market114
Property Features for 4652 Knopp Ave
General Information
Standard status
Pending
Size
8,800 SF
Lot size
3.57 Acres
Property subtype
Industrial, Land
Zoning
EZ-1
Investment Type
Owner/User
Building Details
Year Built
1974
Listing Agency:
Horizon Commercial Realty
(502) 550-1194
Listed By:
Nathan Mosley · License #KY 274893
Source:
Crexi
Added: May 9
Changed: Aug 26
Last Checked: Aug 26 at 1:21AM
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 Horizon Commercial Realty
Investment Insights
Based on property information with market context.
This property is a ±3.57-acre industrial site featuring an ±8,800 SF building, ideally suited for industrial outdoor storage (IOS), contractor yard use, and truck parking. These uses are in extremely limited supply across the Louisville market. The site benefits from dual access via Knopp Ave and Melton Ave, providing efficient ingress/egress and strong circulation for tractor-trailers and heavy equipment. Zoned EZ-1, the property supports a wide range of industrial and logistics uses. The existing building offers flexibility for warehouse, service, or yard support functions, with the broader site lending itself to laydown yard use, expansion, or redevelopment. The property is strategically located just south of Louisville International Airport off Grade Lane, with immediate access to I-65, I-264, and I-265, and in close proximity to UPS Worldport, one of the world's most active air cargo hubs.
Key Highlights
- ±3.57‑acre industrial site ideal for industrial outdoor storage (IOS), contractor yard use, and truck parking.
- Extremely limited supply of comparable properties across the Louisville market.
- Dual access from Knopp Ave and Melton Ave for efficient ingress/egress.
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
$71,148
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
6.47%
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%
$1,422,960
$1.4M
Cap Rate 7%
$1,016,400
$1.0M
Cap Rate 9%
$790,533
$790.5K
Market Conditions
NOI Build-Up for 8,800 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
$87.6K $9.96/SF
− Vacancy
−$3.9K −$0.45/SF
EGI
$83.7K $9.51/SF
− OpEx
−$12.6K −$1.43/SF
NOI
$71.1K $8.09/SF
Area
Louisville, KY
Vacancy
4.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
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%
$1,422,960
Cap Rate 7%
$1,016,400
Cap Rate 9%
$790,533
Alternative Uses
Best Use
Warehouse
$1.02M
$889.4K – $1.19M
NOI $71,148 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,667 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40213, KY
16,698
Population
7,730
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
9.6 sq mi
ZIP Area
1,739
Density / Sq Mi
$60,734
Median Household Income
$38,595
Median Earnings
$952
Median Rent
$169,000
Median Home Value
Market
Vacancy Rate% for Industrial in Louisville, KY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- US1 Logistics — 4628 Melton Ave, Louisville, KY 40214
- The New Haven Companies, Inc. — 6714 Grade Ln #803, Louisville, KY 40213
- Near2Me Self Storage Units — 6651 paramount park dr, louisville, ky 40213
- Public Storage — 6651 Paramount Park Dr, Louisville, KY 40213
Frequently Asked Questions
What type of property is this?
Warehouse - 3.57-acre industrial site with 8,800 SF building for sale.
Where is this warehouse located?
The property is located at 4652 Knopp Ave Louisville, KY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: ±3.57‑acre industrial site ideal for industrial outdoor storage (IOS), contractor yard use, and truck parking.; Extremely limited supply of comparable properties across the Louisville market.; Dual access from Knopp Ave and Melton Ave for efficient ingress/egress.
