Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6601 Sunny Hill Rd Louisville, KY 40228

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    25+/- acres of R-4 and R-6 zoned land for development.

    Type:Land
    Lot size:
    25.00 Acres
    Added:
    Aug 7, 2024
    Days on Market:
    621
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 6601 Sunny Hill Rd

    General Information

    Standard status
    Active
    Lot size
    25.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Joe Simms

    Listing agent Joe Simms License #KY 177457

    Listing office RE/MAX Properties East

    Listing date Aug 7, 2024

    Source Crexi

    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 RE/MAX Properties East

    Overview

    Land Parcel for Development

    Located at South Hurstbourne and Fegenbush Lane, this property consists of 25+/- acres of R-4 and R-6 zoned land suitable for development. The parcel is located at 6601 Sunny Hill Rd, Louisville, KY 40228 and includes 6713 Sunny Hill Road. It offers potential for two curb cuts off S. Hurstbourne and access via Sunny Hill Road from Fegenbush Lane. The location is approximately 6.8 miles to UPS Worldport, 2.0 miles to GE Appliance Park, 5.5 miles to Ford Assembly Plant, and 8.5 miles to Louisville International Airport. Downtown Louisville and Bluegrass Commerce Park are each approximately 20 minutes away. A variety of goods and services are located nearby, with the selection continuing to expand. Potential development options are available, specific to the terrain and physical characteristics of this well-situated parcel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Hair Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store Accounting Firm Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.6341715
    Latitude
    38.1586751

    Nearby Similar for Sale

    • $799,000
      5,200 SF

      Highlands Four-Plex Investment Opportunity

      Trophy four-plex in Louisville's desirable Highlands neighborhood.
      2114 Bonnycastle Ave, Louisville, KY 40205
      View Details
    • $520,000

      Louisville Retail Property For Sale

      Retail property in high-traffic area, generating monthly income.
      3958 Cane Run Road, Louisville, KY 40211
      View Details
    • $349,900

      Louisville Commercial Redevelopment Opportunity

      Versatile commercial property with redevelopment potential in Louisville's Opportunity Zone.
      2114 W Market Street, Louisville, KY 40212
      View Details
    • $349,900

      Louisville Commercial Redevelopment Opportunity

      Three-story commercial property with redevelopment potential in Louisville's Opportunity Zone.
      2114 W Market Street, Louisville, KY 40212
      View Details
    • $795,000
      5,611 SF

      Historic Multi-Family St. James Court

      Unique six-unit building in Louisville's historic district.
      1424 Saint James Ct, Louisville, KY 40208
      View Details
    • $230,000

      Commercially Zoned Property on Crums Lane

      High-traffic location with infrastructure upgrades ideal for diverse businesses.
      2115 Crums Lane, Louisville, KY 40216
      View Details
    • $950,000
      6,048 SF

      Louisville Multifamily Investment Opportunity

      Well-maintained 12-unit apartment building with income growth potential.
      1909 San Jose Ave, Louisville, KY 40216
      View Details
    • $589,000
      3,575 SF

      Versatile Commercial Building with Apartment

      3,571 SF commercial building with apartment in high-visibility location.
      8107 Blue Lick Rd, Louisville, KY 40219
      View Details
    • $500,000

      Versatile Commercial Property in Louisville

      High-visibility commercial property with income potential in Louisville, Kentucky.
      7903 Glaser Lane, Louisville, KY 40291
      View Details
    • $525,000
      3,400 SF

      Turnkey Triplex in Cherokee Triangle

      Well-maintained triplex with strong income and excellent walkability.
      2124 Longest Ave, Louisville, KY 40204
      View Details
    • $499,000
      3,290 SF

      Highlands Multifamily Investment Opportunity

      Charming 4-unit property near Bardstown Road in Louisville.
      2121 Maryland Ave, Louisville, KY 40205
      View Details
    • $485,000
      2,567 SF

      Triplex with Backyard Oasis

      Generational investment opportunity near Bardstown Road with owner-occupant setup.
      1507 E Breckinridge St, Louisville, KY 40204
      View Details

    FAQs

    What type of property is this?
    Land - 25+/- acres of R-4 and R-6 zoned land for development.
    Where is this land located?
    The property is located at 6601 Sunny Hill Rd Louisville, KY.
    What is the asking price?
    The asking price for this property is $735,000.
    What are key features of this property?
    This property features: 25+\/- Acres of R‑4 and R‑6 Zoned Land for Development; Potential for two curb cuts off S. Hurstbourne and access via Sunny Hill Road; Proximity to major employers including UPS Worldport, GE Appliance Park, and Ford Assembly Plant
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joe Simms
    Real Estate License ID: KY 177457
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!