8301 Cane Run Rd, Louisville, KY 40258

Listing Agency: CBRE Inc. Show Phone

Listed By: Doug Butcher Show Phone

Source: Moodyscre

Added: Mar 31 Changed: Nov 6 Last Checked: Nov 10 at 10:06AM

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Investment Insights

Based on property information with market context.

This industrial warehouse property offers a total facility of 50,340± SF on 4.6 acres, including 1,200 SF of office space and mezzanine storage. The warehouse is supported by LED warehouse lighting and 24'-30' clear height, and the roof has been newly installed.

The site is located within Louisville’s Riverport Industrial market in an established business park and is described as providing access to major transportation hubs.

Additional facility support includes a large 2-inch water line with recycled water capabilities and 1,600 amps of electrical service, helping accommodate a range of industrial requirements.

Key Highlights

• 50,340± SF industrial facility on 4.6 acres in an established business park at 8301 Cane Run Road
• 1,200 SF office space plus mezzanine storage
• Newly installed roof

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$407,000

Cap Rate

9.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,140,000 $8.1M

Cap Rate 7%

$5,814,286 $5.8M

Cap Rate 9%

$4,522,222 $4.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 50,340 SF

Gross rent

$501.4K $9.96/SF

− Vacancy

−$22.6K −$0.45/SF

EGI

$478.8K $9.51/SF

− OpEx

−$71.8K −$1.43/SF

NOI

$407.0K $8.09/SF

Area

Louisville, KY

Vacancy

4.50%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,140,000

Cap Rate 7%

$5,814,286

Cap Rate 9%

$4,522,222

Alternative Uses

Best Use

Office B

$9.29M

$8.13M – $10.84M (±1% cap)

NOI $650,141 @ 7.0% cap · market cap 14.51%

Second Best

Warehouse

$5.81M

$5.09M – $6.78M (±1% cap)

NOI $407,000 @ 7.0% cap · market cap 9.08%

Theoretical Best

Office A

$13.05M

$11.42M – $15.22M (±1% cap)

NOI $913,369 @ 7.0% cap · market cap 20.39%

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

Preferred Plastics Factory

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Auto Repair Shop Spa & Massage Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

82

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 40258, KY

26,807

Population

11,568

Households

2.3

Avg Household Size

39

Median Age

15%

College-Educated

88%

High-School Grad

11.7 sq mi

ZIP Area

2,291

Density / Sq Mi

$66,263

Median Household Income

$42,525

Median Earnings

$1,146

Median Rent

$173,100

Median Home Value

Market

Properties on Market for Warehouses in Louisville

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Louisville, KY

12.4% 2019

14.8% 2020

14.3% 2021

15.4% 2022

16.3% 2023

15.7% 2024

18.8% 2025

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Similar Off Market Nearby

• Lineage — 7201 Winstead Dr, Louisville, KY 40258
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Frequently Asked Questions

What type of property is this?

Warehouse - Industrial facility includes office space, mezzanine storage, LED lighting, and a newly installed roof.

Where is this warehouse located?

The property is located at 8301 Cane Run Rd Louisville, KY.

What is the asking price?

The asking price for this property is $4,480,260.

What are key features of this property?

This property features: 50,340± SF industrial facility on 4.6 acres in an established business park at 8301 Cane Run Road; 1,200 SF office space plus mezzanine storage; Newly installed roof