National Turnpike Automotive and
For Sale
$1,200,000
8307 National Tpke, Louisville, KY 40214
Two lots with garages and retail space on 0.71 acres.
Property Size5,826 SF
Lot Size0.71 Acres
Price / SF$205.97
Days on Market203
Property Features for 8307 National Tpke
General Information
Standard status
Active
Size
5,826 SF
Lot size
0.71 Acres
Property subtype
Retail
Zoning
EZ1
Amenities
Water
Sewer
Natural Gas
Building Details
Year Built
1954
Listing Agency:
Key Point Realty
Listed By:
Senahid Bektas · License #295475
(502) 767-0199
Source:
Kcrea.resimplifi
Added: Mar 19
Changed: Sep 29
Last Checked: Oct 5 at 3:15PM
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 Key Point Realty
Investment Insights
Based on property information with market context.
Two lots are being sold as a package deal, located at 8307 and 8309 National Turnpike, adjacent to a Thornton's gas station. The combined lots occupy 0.71 acres and offer potential for various investments. The property includes offices and multiple garage bays, with a recently constructed oversized garage completed in 2024. Zoned EZ1, the garages at the rear of 8307 National Turnpike are currently rented for $3,000 per month, while 8309 National Turnpike is rented separately for $2,000 per month. The owner operates a used car sales dealership from the front building of 8307 National Turnpike. The property size is 5,826 square feet.
Key Highlights
- Package deal: Two lots (8307 & 8309 National Turnpike) totaling 0.71 acres.
- High‑traffic location next to Thorntons gas station.
- Zoned EZ1, offering many investment possibilities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,535
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,350,700
$1.4M
Cap Rate 7%
$964,786
$964.8K
Cap Rate 9%
$750,389
$750.4K
Market Conditions
NOI Build-Up for 5,826 SF
Gross rent
$104.9K $18.00/SF
− Vacancy
−$8.4K −$1.44/SF
EGI
$96.5K $16.56/SF
− OpEx
−$28.9K −$4.97/SF
NOI
$67.5K $11.59/SF
Area
ZIP 40214
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,350,700
Cap Rate 7%
$964,786
Cap Rate 9%
$750,389
Alternative Uses
Best Use
Retail
$964.8K
$844.2K – $1.13M
NOI $67,535 @ 7.0% cap · market cap 5.63%
Second Best
Industrial
$502.8K
$440.0K – $586.7K
NOI $35,199 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,720 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
69k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Dining 21%
Thorntons
Shops & Services
22,741 visits/mo
0.1 miles
Moby Dick
Dining
14,217 visits/mo
0.4 miles
Circle K
Shops & Services
12,114 visits/mo
0.3 miles
Speedway
Shops & Services
9,380 visits/mo
0.2 miles
Dollar General
Shops & Services
9,046 visits/mo
0.4 miles
Demographics for 40214, KY
46,220
Population
20,459
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
15.0 sq mi
ZIP Area
3,081
Density / Sq Mi
$53,563
Median Household Income
$37,121
Median Earnings
$950
Median Rent
$176,700
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 1210 Outer Loop, Louisville, KY 40219
- Bowman Trailer Leasing — 1213 Outer Loop, Louisville, KY 40219
Frequently Asked Questions
What type of property is this?
Automotive property - Two lots with garages and retail space on 0.71 acres.
Where is this automotive property located?
The property is located at 8307 National Tpke Louisville, KY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Package deal: Two lots (8307 & 8309 National Turnpike) totaling 0.71 acres.; High‑traffic location next to Thorntons gas station.; Zoned EZ1, offering many investment possibilities.
