Freestanding Retail with
For Sale
Contact for pricing
6101 Preston Highway, Louisville, KY 40219
Freestanding liquor store building with drive-thru directly fronting heavily traveled Preston Highway.
Property Size1,498 SF
Lot Size0.47 Acres
Price / SF$267.02
Days on Market53
Property Features for 6101 Preston Highway
General Information
Standard status
Active
Size
1,498 SF
Lot size
0.47 Acres
Property subtype
Hospitality
Zoning
C1
Additional Details
Business Included
Yes
Listing Agency:
Keller Williams Realty Louisville
(502) 594-8891
Listed By:
Gibin George · License #286847
Source:
Crexi
Added: Jul 9
Changed: Aug 14
Last Checked: Aug 29 at 2:00AM
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 Keller Williams Realty Louisville
Investment Insights
Based on property information with market context.
Turnkey liquor store business for sale, Liquor Corner, in a standalone freestanding building with a drive-thru. The property is offered on 0.47 acres and provides direct, on-site control of hours, signage, and operations. The remarks indicate no shared walls and no CAM fees.
The building directly fronts heavily traveled Preston Highway (KY-61) in Louisville, Kentucky, with minutes from the airport, UPS Worldport, and Jefferson Mall.
The established operation is described as averaging approximately $78,000 per month in gross sales (about $936,000 annualized). The asking price is $400,000 plus inventory at closing, and the real estate is also available for buyers who want to own outright. Financials are available to qualified buyers upon signed NDA.
The building directly fronts heavily traveled Preston Highway (KY-61) in Louisville, Kentucky, with minutes from the airport, UPS Worldport, and Jefferson Mall.
The established operation is described as averaging approximately $78,000 per month in gross sales (about $936,000 annualized). The asking price is $400,000 plus inventory at closing, and the real estate is also available for buyers who want to own outright. Financials are available to qualified buyers upon signed NDA.
Key Highlights
- Turnkey liquor store business for sale at Liquor Corner, 6101 Preston Highway, Louisville, KY 40219
- Freestanding building with drive‑thru on 0.47 acres directly fronting heavily traveled Preston Highway (KY‑61)
- Averaging about $78K/month in gross sales (about $936K annualized), with financials available to qualified buyers on signed NDA
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,270
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$345,400
$345.4K
Cap Rate 7%
$246,714
$246.7K
Cap Rate 9%
$191,889
$191.9K
Market Conditions
NOI Build-Up for 1,498 SF
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.
Gross rent
$27.0K $18.00/SF
− Vacancy
−$2.3K −$1.53/SF
EGI
$24.7K $16.47/SF
− OpEx
−$7.4K −$4.94/SF
NOI
$17.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$345,400
Cap Rate 7%
$246,714
Cap Rate 9%
$191,889
Alternative Uses
Best Use
Retail
$246.7K
$215.9K – $287.8K
NOI $17,270 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$388.3K
$339.8K – $453.0K
NOI $27,180 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
154k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 16%
Apparel 15%
Groceries 14%
Ollie's Bargain Outlet
Shops & Services
19,152 visits/mo
0.5 miles
Circle K
Shops & Services
18,209 visits/mo
0.4 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
12,669 visits/mo
0.4 miles
Liquor Barn
Groceries
11,532 visits/mo
0.4 miles
Save-A-Lot
Groceries
10,732 visits/mo
0.3 miles
Demographics for 40219, KY
40,300
Population
16,699
Households
2.4
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
2,705
Density / Sq Mi
$52,271
Median Household Income
$37,108
Median Earnings
$967
Median Rent
$186,000
Median Home Value
Market
Vacancy Rate% for Retail in Louisville, KY
Questions? Ask Rey
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Similar Off Market Nearby
- Sam's Club Floral — 6622 Preston Hwy, Louisville, KY 40219
- Vanelys Flower and Gifts — 5400 Preston Hwy I, Louisville, KY 40213
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding liquor store building with drive-thru directly fronting heavily traveled Preston Highway.
Where is this storefront property located?
The property is located at 6101 Preston Highway 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: Turnkey liquor store business for sale at Liquor Corner, 6101 Preston Highway, Louisville, KY 40219; Freestanding building with drive‑thru on 0.47 acres directly fronting heavily traveled Preston Highway (KY‑61); Averaging about $78K/month in gross sales (about $936K annualized), with financials available to qualified buyers on signed NDA
