Two-Building Mixed-Use
For Sale
$525,000
6302 Hwy 44 W, Shepherdsville, KY 40165
B-2-zoned site combines professional office space with a separate small-format retail building.
Property Size1,425 SF
Price / SF$368.42
Days on Market9
Property Features for 6302 Hwy 44 W
General Information
Standard status
Active
Size
1,425 SF
Total Parking Spaces
12
Property subtype
Office
Zoning
B2
Additional Details
Condition
Move-in Ready
Mixed-Use Components
office, retail
Property Use
Professional Office
Amenities
unfinished basement
covered front porch
Power
Water
Sewer
Natural Gas
12 Parking Spaces
Building Details
Year Built
1948
Buildings
2
Listing Agency:
One Key Realty
Listed By:
Trish Ford · License #304100
(502) 619-4322
Source:
Kcrea.resimplifi
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 28 at 4:45AM
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 One Key Realty
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Investment Insights
Based on property information with market context.
Two buildings on one property provide distinct office and retail spaces. The office building contains 1,425 square feet of finished area, with five private offices and two reception areas. An unfinished 675-square-foot basement adds storage space. The second building measures 671 square feet and has an open main room, a separate room, and a covered front porch. On-site parking accommodates up to 12 vehicles.
The property is at 6302 Hwy 44 W in Shepherdsville, Kentucky, between Mt. Washington and Shepherdsville. Both buildings are zoned B-2. The office building was built in 1948 and has been renovated. The two-building configuration brings office and retail space together while keeping them in separate structures.
The property is at 6302 Hwy 44 W in Shepherdsville, Kentucky, between Mt. Washington and Shepherdsville. Both buildings are zoned B-2. The office building was built in 1948 and has been renovated. The two-building configuration brings office and retail space together while keeping them in separate structures.
Key Highlights
- Two buildings on one property, both zoned B‑2
- Office building has 1,425 square feet of finished space and a 675‑square‑foot unfinished basement
- Office layout includes five private offices and two reception areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,563
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,260
$351.3K
Cap Rate 7%
$250,900
$250.9K
Cap Rate 9%
$195,144
$195.1K
Market Conditions
NOI Build-Up for 1,425 SF
Gross rent
$28.6K $20.04/SF
− Vacancy
−$5.1K −$3.61/SF
EGI
$23.4K $16.43/SF
− OpEx
−$5.9K −$4.11/SF
NOI
$17.6K $12.32/SF
Area
Bullitt County, KY
Vacancy
18.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,260
Cap Rate 7%
$250,900
Cap Rate 9%
$195,144
Alternative Uses
Best Use
Office B
$250.9K
$219.5K – $292.7K
NOI $17,563 @ 7.0% cap · market cap 3.35%
Second Best
Mixed Use
$240.5K
$210.4K – $280.6K
NOI $16,833 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$300.4K
$262.9K – $350.5K
NOI $21,029 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
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Business Placement
Demographics for 40165, KY
36,161
Population
15,622
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
113.2 sq mi
ZIP Area
319
Density / Sq Mi
$77,083
Median Household Income
$41,914
Median Earnings
$939
Median Rent
$242,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - B-2-zoned site combines professional office space with a separate small-format retail building.
Where is this mixed-use property located?
The property is located at 6302 Hwy 44 W Shepherdsville, KY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two buildings on one property, both zoned B‑2; Office building has 1,425 square feet of finished space and a 675‑square‑foot unfinished basement; Office layout includes five private offices and two reception areas
