9-Bay Auto Service
For Sale
$850,000
5212 Preston Hwy, Louisville, KY 40213
Service-center improvements include lift-equipped work areas, conditioned offices, equipment storage, and on-site parking.
Property Size5,446 SF
Price / SF$156.08
Days on Market122
Property Features for 5212 Preston Hwy
General Information
Standard status
Active
Size
5,446 SF
Property subtype
Other
Zoning
C2
Additional Details
Service Bays
9
Amenities
Challenge Lifts
new heat unit
air conditioned offices
mini split units
shelving
tooling
Building Details
Buildings
1
Listing Agency:
Commercial Acquisition Brokers
Listed By:
Mark Suna
(502) 500-0680
Source:
Kcrea.resimplifi
Added: Jun 16
Changed: Oct 4
Last Checked: Oct 14 at 7:41PM
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 Commercial Acquisition Brokers
Investment Insights
Based on property information with market context.
This auto service property at 5212 Preston Hwy includes a garage configured with 9 work bays and 3 fully functional Challenge Lifts. The building also provides 2 air-conditioned offices, each served by new mini-split units, along with shelving and various tooling that remain with the property. A new heat unit serves one section of the facility.
The property is zoned C2 and includes parking for customers, employees, and service operations. Its existing combination of automotive work areas, office space, equipment, and parking supports continued use as an auto service center.
The property is zoned C2 and includes parking for customers, employees, and service operations. Its existing combination of automotive work areas, office space, equipment, and parking supports continued use as an auto service center.
Key Highlights
- 9 work bays configured for automotive service
- 3 fully functional Challenge Lifts
- 2 air‑conditioned offices with new mini‑split units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,787
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,740
$1.3M
Cap Rate 7%
$896,957
$897.0K
Cap Rate 9%
$697,633
$697.6K
Market Conditions
NOI Build-Up for 5,446 SF
Gross rent
$98.0K $18.00/SF
− Vacancy
−$8.3K −$1.53/SF
EGI
$89.7K $16.47/SF
− OpEx
−$26.9K −$4.94/SF
NOI
$62.8K $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%
$1,255,740
Cap Rate 7%
$896,957
Cap Rate 9%
$697,633
Alternative Uses
Best Use
Retail
$897.0K
$784.8K – $1.05M
NOI $62,787 @ 7.0% cap · market cap 7.39%
Second Best
Industrial
$465.6K
$407.4K – $543.2K
NOI $32,594 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,812 @ 7.0% cap · market cap 11.62%
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
9
Service bays
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
111k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 38%
Apparel 6%
Home Improvements & Furnishings 5%
Ollie's Bargain Outlet
Shops & Services
19,152 visits/mo
0.4 miles
McDonald's
Dining
17,630 visits/mo
0.3 miles
Circle K
Shops & Services
16,087 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
12,353 visits/mo
0.3 miles
Thorntons
Shops & Services
8,186 visits/mo
0.1 miles
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
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
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Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Gipe Auto Color — 6113 Preston Hwy, Louisville, KY 40219
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- Ford Collision Center — 6015 Preston Hwy, Louisville, KY 40219
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Frequently Asked Questions
What type of property is this?
Auto shop - Service-center improvements include lift-equipped work areas, conditioned offices, equipment storage, and on-site parking.
Where is this auto shop located?
The property is located at 5212 Preston Hwy Louisville, KY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 9 work bays configured for automotive service; 3 fully functional Challenge Lifts; 2 air‑conditioned offices with new mini‑split units
