Booth-Rental Hair Salon
4931 W Pages Ln Louisville, KY 40258
4931 W Pages Ln, Louisville, KY, 40258
Contact for pricing
For Sale
Contact for pricing
Long-tenured booth-rental salon with front flexible weekly booths and a back salon with annual-lease stylists.
Property Size2,080 SF
Price / SF$204.33
Days on Market110
Property Features for 4931 W Pages Ln
General Information
- Standard status
- Active
- Size
- 2,080 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1953
Listing agency
Grisanti Group Commercial Real Estate
(502) 253-1811
Listed by
Nick Grisanti · License #274313
Source
Crexi
Added: Apr 4 Updated: Jul 21 at 8:24PM Checked: Jul 21 at 8:24PM
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 Grisanti Group Commercial Real Estate
Investment Insights
Based on property information with market context.
Primpology Hair Lounge is a well-established booth-rental hair salon operating on a fully passive model, with the owner not involved in day-to-day operations. The space is divided into two distinct areas. The front salon features booth-rental stylists on a flexible weekly arrangement. The back salon includes three stylists on annual leases.
The salon has been in operation for the last 10 years, and the current independent contractors have been in place for a minimum of 2 years and up to as long as 10 years. Located at 4931 W Pages Ln in Louisville, KY 40258, the property offers a ready-to-operate setup for buyers seeking an established, contractor-led salon arrangement.
The salon has been in operation for the last 10 years, and the current independent contractors have been in place for a minimum of 2 years and up to as long as 10 years. Located at 4931 W Pages Ln in Louisville, KY 40258, the property offers a ready-to-operate setup for buyers seeking an established, contractor-led salon arrangement.
Key Highlights
- Primpology Hair Lounge is a booth‑rental hair salon with a front salon and a back salon setup.
- Front salon offers flexible weekly booth arrangements for independent contractor stylists.
- Back salon includes 3 stylists on annual leases.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.4k | $18.00 |
| − Vacancy | −$3.2k | −$1.53 |
| EGI | $34.3k | $16.47 |
| − OpEx | −$10.3k | −$4.94 |
| NOI | $24.0k | $11.53 |
2,080 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$342.6K
$299.8K – $399.7K
NOI $23,980 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$539.1K
$471.8K – $629.0K
NOI $37,740 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Primpology
Hair Salon
ll_beauti
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Long-tenured booth-rental salon with front flexible weekly booths and a back salon with annual-lease stylists.
Where is this storefront property located?
The property is located at 4931 W Pages Ln Louisville, KY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Primpology Hair Lounge is a booth‑rental hair salon with a front salon and a back salon setup.; Front salon offers flexible weekly booth arrangements for independent contractor stylists.; Back salon includes 3 stylists on annual leases.
