Fenced Auto Repair
For Sale
$355,000
4824 Koppel Dr, Louisville, KY 40216
Three service bays, retained lifts, and a dedicated office support automotive operations.
Property Size2,800 SF
Price / SF$126.79
Days on Market13
Property Features for 4824 Koppel Dr
General Information
Standard status
Active
Size
2,800 SF
Total Parking Spaces
20
Property subtype
Retail
Zoning
C2
Property Condition
Severity
Repairs Needed
Evidence
Needs some work
Site & Location
Road Access
Yes
Fenced Yard
Yes
Additional Details
Service Bays
3
Amenities
updated electrical panel
lift
car expander
office
bathroom
Power
Water
Natural Gas
20 Parking Spaces
Building Details
Year Built
1984
Listing Agency:
Genesis Realty LLC
Listed By:
Heather Allen · License #203656
(502) 468-7553
Source:
Kcrea.resimplifi
Added: Oct 1
Changed: Oct 13
Last Checked: Oct 13 at 2:37AM
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 Genesis Realty LLC
Investment Insights
Based on property information with market context.
This 2,800-square-foot auto shop has three bay doors, an office, and a bathroom. A lift and car expander remain with the property, and the electrical panel has been updated. The lot is fully fenced, and the building dates to 1984.
Zoned C2, the property is located off Rockford Lane in Louisville. The lot is in a flood plain; the building appears elevated above it. The seller notes that flood insurance is at the seller’s discretion.
Zoned C2, the property is located off Rockford Lane in Louisville. The lot is in a flood plain; the building appears elevated above it. The seller notes that flood insurance is at the seller’s discretion.
Key Highlights
- 2,800‑square‑foot auto shop built in 1984
- Three bay doors, office, and bathroom
- Lift and car expander remain
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,917
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,340
$338.3K
Cap Rate 7%
$241,671
$241.7K
Cap Rate 9%
$187,967
$188.0K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$25.2K $9.00/SF
− Vacancy
−$1.0K −$0.37/SF
EGI
$24.2K $8.63/SF
− OpEx
−$7.3K −$2.59/SF
NOI
$16.9K $6.04/SF
Area
ZIP 40216
Vacancy
4.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,340
Cap Rate 7%
$241,671
Cap Rate 9%
$187,967
Alternative Uses
Best Use
Retail
$497.3K
$435.1K – $580.2K
NOI $34,810 @ 7.0% cap · market cap 9.81%
Second Best
Industrial
$241.7K
$211.5K – $282.0K
NOI $16,917 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$718.1K
$628.3K – $837.8K
NOI $50,266 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Service bays
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,216 visits/mo
0.1 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Buck's Auto Services — 2621 Rockford Ln # 4, Louisville, KY 40216
- Fh Auto Service — 2633 Rockford Ln, Louisville, KY 40216
- FH Used tire & Mechanic — 2633 Rockford Ln, Louisville, KY 40216
- Moe’s tire shop — 2633 Rockford Ln, Louisville, KY 40216
- Fritz Mobile Brakes and Rotors — Dover Rd, Louisville, KY 40216
Frequently Asked Questions
What type of property is this?
Auto shop - Three service bays, retained lifts, and a dedicated office support automotive operations.
Where is this auto shop located?
The property is located at 4824 Koppel Dr Louisville, KY.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 2,800‑square‑foot auto shop built in 1984; Three bay doors, office, and bathroom; Lift and car expander remain
