Automotive Service Building with Adjacent
For Sale
$875,000
715 S Jackson St, Louisville, KY 40203
Automotive service property with office space, vehicle maintenance pits, and additional fenced land for vehicle storage.
Property Size2,810 SF
Price / SF$311.39
Days on Market251
Property Features for 715 S Jackson St
General Information
Standard status
Active
Size
2,810 SF
Property subtype
Industrial
Zoning
C1
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Service Bays
2
Building Details
Year Built
1993
Buildings
1
Listing Agency:
simpler.realestate
Listed By:
Joseph Hampton
(502) 296-1031
Source:
Kcrea.resimplifi
Added: Feb 6
Changed: Oct 9
Last Checked: Oct 14 at 7:51PM
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 simpler.realestate
Investment Insights
Based on property information with market context.
This automotive service property includes a 2,810-square-foot building completed in 1993. The layout provides a 372-square-foot office and 2,438 square feet dedicated to service operations. A full lower level contains two vehicle maintenance and oil-change pits, 7.5-foot ceilings, a concrete containment area with tanks, and a four-fixture restroom.
Five adjoining lots extend the property toward Finzer Street, with frontage on that street. Several lots are fenced and currently accommodate vehicle parking associated with a towing business. The building is zoned C1, while the adjacent lots are zoned OR-2. The property is located at 715 S Jackson St in Louisville, within the Central Business District.
Five adjoining lots extend the property toward Finzer Street, with frontage on that street. Several lots are fenced and currently accommodate vehicle parking associated with a towing business. The building is zoned C1, while the adjacent lots are zoned OR-2. The property is located at 715 S Jackson St in Louisville, within the Central Business District.
Key Highlights
- 2,810‑square‑foot building completed in 1993
- 372‑square‑foot general office area and 2,438 square feet of automotive service space
- Full lower level with two vehicle maintenance/oil‑change pits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,396
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,920
$647.9K
Cap Rate 7%
$462,800
$462.8K
Cap Rate 9%
$359,956
$360.0K
Market Conditions
NOI Build-Up for 2,810 SF
Gross rent
$50.6K $18.00/SF
− Vacancy
−$4.3K −$1.53/SF
EGI
$46.3K $16.47/SF
− OpEx
−$13.9K −$4.94/SF
NOI
$32.4K $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 Rate 5%
$647,920
Cap Rate 7%
$462,800
Cap Rate 9%
$359,956
Alternative Uses
Best Use
Retail
$462.8K
$405.0K – $539.9K
NOI $32,396 @ 7.0% cap · market cap 3.70%
Second Best
Industrial
$240.3K
$210.2K – $280.3K
NOI $16,818 @ 7.0% cap · market cap 1.92%
Theoretical Best
Office A
$728.4K
$637.3K – $849.8K
NOI $50,985 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
6,749
Businesses Nearby
41k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 27%
Apparel 15%
Home Improvements & Furnishings 3%
Shell
Shops & Services
12,269 visits/mo
0.1 miles
Taco Bell
Dining
9,038 visits/mo
0.4 miles
Goodwill
Apparel
6,293 visits/mo
0.4 miles
Dollar General
Shops & Services
4,998 visits/mo
0.4 miles
Firestone Complete Auto Care
Shops & Services
2,912 visits/mo
0.2 miles
Demographics for 40203, KY
16,801
Population
10,754
Households
1.6
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
5,793
Density / Sq Mi
$31,430
Median Household Income
$32,581
Median Earnings
$828
Median Rent
$179,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Louisville, KY
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Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service property with office space, vehicle maintenance pits, and additional fenced land for vehicle storage.
Where is this auto shop located?
The property is located at 715 S Jackson St Louisville, KY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2,810‑square‑foot building completed in 1993; 372‑square‑foot general office area and 2,438 square feet of automotive service space; Full lower level with two vehicle maintenance/oil‑change pits
