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Property profile & analytics
OFF-MARKET Estimated value $1,005,000
Retail space

6101 Fegenbush Ln Louisville, KY 40228-1195

9,622 SF 3.82 ac lot Built 1951
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US34-2376652
Property summary
AI-generated overview

This exceptional 1,500-square-foot retail space, part of a brand-new 10,000-square-foot center in Jefferson County's Fern Creek/Highview submarket, presents a compelling investment opportunity. Located on Fegenbush, directly across from S Hurstbourne Pkwy, this C1-zoned property benefits from high visibility and traffic counts exceeding 20,000 vehicles daily. The space boasts high ceilings, large windows, and is situated in a thriving area between a Shell gas station and a liquor store, ensuring high foot traffic and brand exposure. Ideal for a restaurant or various retail concepts, this space offers immediate occupancy. The building features 50 total parking spaces for ample customer convenience. The property sits on two acres of land and was constructed in 2023. Lease terms are a minimum of seven years at a rate of $24 per square foot annually, with NNN charges of $2.40 per square foot annually covering exterior maintenance, taxes, and insurance. This translates to a monthly lease of $3,300 plus the NNN charges. A tenant allowance is available to customize the space. The property's proximity to Jefferson Mall and access to public transportation further enhance its appeal. This is a rare chance to establish a business in a rapidly growing area with significant potential for success. A $2,000,000 liability business insurance policy is required.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1951
Construction WOOD
Total area 9,622 SF
Lot 3.82 ac (166,486 SF)
Zoning code R4-RESIDENTIAL SINGLE FAM
APN 23063600230000
UPID US34-2376652
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • U-Haul Neighborhood Dealer Car Rental Facility
  • Shell Gas Station
  • Gas-N-Go Gas Station
  • Capstone Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.33M
Blend (final) Blend
$1.01M
Owner & transaction history
Byron R Pendleton · 8 yrs held
Byron R Pendleton
since 2017
5 recorded transactions
2022
Price N/A
2021
Price N/A
2017
Price N/A
2017
$30,000
2005
$390,000
Zoning & alternative use
R4-RESIDENTIAL SINGLE FAM · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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