Prime NuLu Development
For Sale
$3,899,000
713 E Market St, Louisville, KY 40202
High-visibility property in Louisville's dynamic neighborhood with income potential.
Property Size9,350 SF
Price / SF$417.01
Days on Market217
Property Features for 713 E Market St
General Information
Standard status
Active
Size
9,350 SF
Total Parking Spaces
23
Property subtype
Retail
Zoning
C-2
Site & Location
Neighborhood
Phoenix Hill
Amenities
Water
Sewer
23 Parking Spaces
Building Details
Year Built
1860
Listing Agency:
EOS Real Estate
Listed By:
Scott Howe · License #74531
(502) 919-0726
Source:
Kcrea.resimplifi
Added: Mar 26
Changed: Oct 25
Last Checked: Oct 28 at 4:50AM
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 EOS Real Estate
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Investment Insights
Based on property information with market context.
Located in the heart of NuLu, this property at 713 E Market St in Louisville presents an opportunity for developers, investors, and visionaries. The property is positioned in one of Louisville’s growing districts. The existing structure can be leveraged for income generation. Revenue from current and future tenants, combined with parking income, positions the property to potentially produce annual revenue. The property is surrounded by art, dining, boutique retail, entertainment, and modern residential developments. This property offers high visibility in a prime NuLu location. The property is a development opportunity with current income and future potential. The property size is 9530 square feet.
Key Highlights
- Prime NuLu location in a rapidly growing, highly desirable urban corridor.
- Exceptional potential for developers, investors, and visionaries.
- High‑visibility property with strong current income potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,078
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,221,560
$2.2M
Cap Rate 7%
$1,586,829
$1.6M
Cap Rate 9%
$1,234,200
$1.2M
Market Conditions
NOI Build-Up for 9,350 SF
Gross rent
$202.0K $21.60/SF
− Vacancy
−$24.2K −$2.59/SF
EGI
$177.7K $19.01/SF
− OpEx
−$66.6K −$7.13/SF
NOI
$111.1K $11.88/SF
Area
Louisville, KY
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,221,560
Cap Rate 7%
$1,586,829
Cap Rate 9%
$1,234,200
Alternative Uses
Best Use
Mixed Use
$1.59M
$1.39M – $1.85M
NOI $111,078 @ 7.0% cap · market cap 2.85%
Second Best
Retail
$1.54M
$1.35M – $1.80M
NOI $107,796 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$2.42M
$2.12M – $2.83M
NOI $169,646 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,736
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Hotels & Casinos 24%
Shops & Services 18%
McDonald's
Dining
11,315 visits/mo
0.4 miles
Residence Inn by Marriott Louisville Downtown
Hotels & Casinos
2,616 visits/mo
0.4 miles
Home2 Suites by Hilton Louisville Downtown Nulu
Hotels & Casinos
2,413 visits/mo
0.2 miles
FASTSIGNS
Shops & Services
1,632 visits/mo
0.2 miles
Prime Storage
Shops & Services
1,218 visits/mo
0.2 miles
Demographics for 40202, KY
7,179
Population
4,242
Households
1.7
Avg Household Size
39
Median Age
27%
College-Educated
83%
High-School Grad
1.6 sq mi
ZIP Area
4,487
Density / Sq Mi
$29,382
Median Household Income
$33,205
Median Earnings
$881
Median Rent
$340,000
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - High-visibility property in Louisville's dynamic neighborhood with income potential.
Where is this mixed-use property located?
The property is located at 713 E Market St Louisville, KY.
What is the asking price?
The asking price for this property is $3,899,000.
What are key features of this property?
This property features: Prime NuLu location in a rapidly growing, highly desirable urban corridor.; Exceptional potential for developers, investors, and visionaries.; High‑visibility property with strong current income potential.
