Flex Space
For Sale
$450,000
Pending
812 S 1st St, Louisville, KY 40203
Flex space located 0.6 miles from I-65, with industrial and retail uses requiring written municipal approval.
Property Size4,500 SF
Days on Market188
Property Features for 812 S 1st St
General Information
Standard status
Pending
Size
4,500 SF
Total Parking Spaces
13
Property subtype
Industrial
Zoning
PD
Additional Details
Highway Access
Yes
Amenities
Power
Water
Sewer
Natural Gas
13 Parking Spaces
Building Details
Year Built
1964
Listing Agency:
Jones Lang LaSalle Americas In
Listed By:
Stephen Lannert · License #185914
(502) 394-2508
Source:
Kcrea.resimplifi
Added: Apr 15
Changed: Oct 1
Last Checked: Oct 16 at 5:44AM
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 Jones Lang LaSalle Americas In
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Investment Insights
Based on property information with market context.
This flex space building contains 4500 square feet and was constructed in 1964. The property is located at 812 S 1st St in Louisville, Kentucky, and is approximately 0.6 miles from I-65.
Industrial and retail uses require written approval from the Louisville Metro Office of Planning. The building is offered for sale and provides a flex-oriented commercial property within an established Louisville location.
Industrial and retail uses require written approval from the Louisville Metro Office of Planning. The building is offered for sale and provides a flex-oriented commercial property within an established Louisville location.
Key Highlights
- 4500‑square‑foot flex space building
- Constructed in 1964
- Located at 812 S 1st St, Louisville, KY 40203
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,804
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,080
$816.1K
Cap Rate 7%
$582,914
$582.9K
Cap Rate 9%
$453,378
$453.4K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$67.5K $15.00/SF
− Vacancy
−$4.7K −$1.05/SF
EGI
$62.8K $13.95/SF
− OpEx
−$22.0K −$4.88/SF
NOI
$40.8K $9.07/SF
Area
Louisville, KY
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,080
Cap Rate 7%
$582,914
Cap Rate 9%
$453,378
Alternative Uses
Best Use
Flex RnD
$582.9K
$510.1K – $680.1K
NOI $40,804 @ 7.0% cap · market cap 9.07%
Second Best
Industrial
$384.8K
$336.7K – $448.9K
NOI $26,933 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,648 @ 7.0% cap · market cap 18.14%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7,162
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Louisville, KY
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space located 0.6 miles from I-65, with industrial and retail uses requiring written municipal approval.
Where is this flex space located?
The property is located at 812 S 1st St Louisville, KY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4500‑square‑foot flex space building; Constructed in 1964; Located at 812 S 1st St, Louisville, KY 40203
