Booth-Rental Hair Salon
For Sale
$400,000
4931 W Pages Ln, Louisville, KY 40258
Long-tenured booth-rental salon with front flexible weekly booths and a back salon with annual-lease stylists.
Property Size2,080 SF
Price / SF$192.31
Days on Market248
Property Features for 4931 W Pages Ln
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Retail
Zoning
C2
Additional Details
Business Included
Yes
Building Details
Year Built
1953
Listing Agency:
Grisanti Group Commercial Real Estate
Listed By:
Harrison Glauber · License #269793
(502) 387-9189
Source:
Kcrea.resimplifi
Added: Feb 16
Changed: Oct 15
Last Checked: Oct 20 at 5:16PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,980
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,600
$479.6K
Cap Rate 7%
$342,571
$342.6K
Cap Rate 9%
$266,444
$266.4K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$37.4K $18.00/SF
− Vacancy
−$3.2K −$1.53/SF
EGI
$34.3K $16.47/SF
− OpEx
−$10.3K −$4.94/SF
NOI
$24.0K $11.53/SF
Area
Louisville, KY
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,600
Cap Rate 7%
$342,571
Cap Rate 9%
$266,444
Alternative Uses
Best Use
Retail
$342.6K
$299.8K – $399.7K
NOI $23,980 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$539.1K
$471.8K – $629.0K
NOI $37,740 @ 7.0% cap · market cap 9.44%
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
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
103k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 31%
Beauty & Spa 3%
Apparel 3%
Thorntons
Shops & Services
23,748 visits/mo
0.1 miles
McDonald's
Dining
18,637 visits/mo
0.2 miles
Wendy's
Dining
13,810 visits/mo
0.2 miles
McAlister's Deli
Dining
13,417 visits/mo
0.5 miles
Taco Bell
Dining
10,909 visits/mo
0.3 miles
Demographics for 40258, KY
26,807
Population
11,568
Households
2.3
Avg Household Size
39
Median Age
15%
College-Educated
88%
High-School Grad
11.7 sq mi
ZIP Area
2,291
Density / Sq Mi
$66,263
Median Household Income
$42,525
Median Earnings
$1,146
Median Rent
$173,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Louisville, KY
Frequently Asked Questions
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 $400,000.
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.
