Retail Storefront
For Sale
Contact for pricing
4801 Dixie Hwy, Louisville, KY 40216
For sale retail storefront property offering approximately 6,148 SF in Louisville, Kentucky.
Property Size6,148 SF
Price / SF$276.51
Days on Market64
Property Features for 4801 Dixie Hwy
General Information
Standard status
Active
Size
6,148 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$105,156
Additional Details
Highway Access
Yes
Building Details
Year Built
2004
Tenancy
Single
Listing Agency:
Wittenauer Properties
Listed By:
David Wittenauer · License #IL 1999074639
(618) 719-1197
Source:
Crexi
Added: Jul 7
Changed: Sep 7
Last Checked: Sep 8 at 4:55AM
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 Wittenauer Properties
Investment Insights
Based on property information with market context.
This for-sale retail storefront property offers approximately 6,148 SF and is positioned for retail occupancy within Louisville, Kentucky. The asset type fits a storefront retail format and provides a dedicated space for an operating business.
Louisville is the economic center of the Louisville metropolitan area and serves a large regional population. The city is strategically located at the intersection of Interstates 64, 65, and 71 and is anchored by UPS Worldport, supporting a diversified economy across logistics, healthcare, manufacturing, and financial services. This broader demand profile can be an important backdrop for long-term retail real estate investment in the area.
Offered at $1,700,000, the property is located at 4801 Dixie Hwy in Louisville (40216).
Louisville is the economic center of the Louisville metropolitan area and serves a large regional population. The city is strategically located at the intersection of Interstates 64, 65, and 71 and is anchored by UPS Worldport, supporting a diversified economy across logistics, healthcare, manufacturing, and financial services. This broader demand profile can be an important backdrop for long-term retail real estate investment in the area.
Offered at $1,700,000, the property is located at 4801 Dixie Hwy in Louisville (40216).
Key Highlights
- Retail storefront property for sale in Louisville, KY
- Approximately 6,148 SF retail space
- Year built: 2004
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
$76,432
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
4.50%
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%
$1,528,640
$1.5M
Cap Rate 7%
$1,091,886
$1.1M
Cap Rate 9%
$849,244
$849.2K
Market Conditions
NOI Build-Up for 6,148 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
$118.0K $19.20/SF
− Vacancy
−$8.9K −$1.44/SF
EGI
$109.2K $17.76/SF
− OpEx
−$32.8K −$5.33/SF
NOI
$76.4K $12.43/SF
Area
ZIP 40216
Vacancy
7.50%
Lease Rate
$19.20 /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%
$1,528,640
Cap Rate 7%
$1,091,886
Cap Rate 9%
$849,244
Alternative Uses
Best Use
Retail
$1.09M
$955.4K – $1.27M
NOI $76,432 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,369 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
262k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Groceries 32%
Dining 31%
Apparel 1%
Kroger
Groceries
66,638 visits/mo
0.3 miles
Thorntons
Shops & Services
23,818 visits/mo
0.5 miles
Kroger Fuel Center
Shops & Services
21,922 visits/mo
0.4 miles
McDonald's
Dining
17,706 visits/mo
0.4 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
17,556 visits/mo
0.4 miles
Demographics for 40216, KY
43,434
Population
19,257
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
15.7 sq mi
ZIP Area
2,766
Density / Sq Mi
$50,211
Median Household Income
$35,503
Median Earnings
$883
Median Rent
$154,500
Median Home Value
Market
Vacancy Rate% for Retail in Louisville, KY
Questions? Ask Rey
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Similar Off Market Nearby
- Kroger Floral Department — 4915 Dixie Hwy, Louisville, KY 40216
Frequently Asked Questions
What type of property is this?
Storefront property - For sale retail storefront property offering approximately 6,148 SF in Louisville, Kentucky.
Where is this storefront property located?
The property is located at 4801 Dixie Hwy Louisville, KY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Retail storefront property for sale in Louisville, KY; Approximately 6,148 SF retail space; Year built: 2004
