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    4801 Outer Loop Louisville, KY 40219

    Sponsored
    For Lease
    $8 SF/Yr

    Prime Louisville Mall Retail, 6 Spaces Available

    Lot size:
    89,194 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional retail opportunity presents six available spaces within the 783,643 square foot Jefferson Mall, strategically located in Louisville, Kentucky. Built in 1978 and zoned C-2, the mall boasts a strong anchor tenant lineup including Dillard's, JCPenny, and Round 1 Entertainment, ensuring high foot traffic and brand recognition. Available spaces range from 3,752 to 41,000 square feet, offering flexibility for various retail concepts. The mall enjoys a highly visible location just 1.9 miles from I-65, with a signalized entrance off Outer Loop, providing convenient access for customers. The area surrounding the mall is densely populated with major retailers such as Kroger, Target, Walmart, Hobby Lobby, and PetSmart, creating a synergistic retail environment. A diverse range of restaurants including Chick-fil-A, Qdoba, Buffalo Wild Wings, Panera Bread, Long Horn Steakhouse, Olive Garden, McAlister's Deli, Red Lobster, KFC, Firehouse Subs, and Dairy Queen further enhance the area's appeal and draw significant traffic. The high daily traffic count of 24,927 vehicles on Outer Loop underscores the exceptional visibility and accessibility of this prime retail location within Jefferson County. This presents a unique opportunity to establish or expand your business in a thriving retail hub. Contact us today to learn more about these available spaces and secure your place in this successful mall.

    Property Features for 4801 Outer Loop

    General Information

    Property type
    Shopping malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    89,194 SF

    Building Details

    Year Built
    1978

    Unit(s) available at that property

    Space
    A139
    Size
    3,752 SF
    Rate per SF
    $14
    Space
    A202
    Size
    8,039 SF
    Rate per SF
    $14
    Space
    A204
    Size
    6,519 SF
    Rate per SF
    $14
    Space
    B432
    Size
    13,215 SF
    Rate per SF
    $14
    Space
    C515
    Size
    16,669 SF
    Rate per SF
    $14
    Space
    Combined Suite Space
    Size
    41,000 SF
    Rate per SF
    $14

    We can help!

    Listing Contact
    Justin Baker
    Justin Baker

    Learn more

    Property Insight Report

    HighLights

    • Retail space available in a 783,643 SF mall in Louisville, KY.
    • Anchored by Dillard's, JCPenney, and Round 1 Entertainment.
    • Signalized entrance from Outer Loop, offering excellent visibility and accessibility.
    • Strong surrounding retail presence including Kroger, Target, Walmart, and other national retailers.
    • Abundant nearby restaurants such as Chick‑fil‑A, Qdoba, and other popular chains.
    • High traffic count of 24,927 ADT on Outer Loop.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dillard's Department Store Gold Valley Gold Dealer Underground By Journeys Shoe Store Ross Dress for Less Clothing Store Old Navy Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.671720689513
    Latitude
    38.142443121586

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    FAQs

    What type of property is this?
    Shopping mall - Prime Louisville Mall Retail, 6 Spaces Available
    Where is this shopping mall located?
    The property is located at 4801 Outer Loop Louisville, KY.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Retail space available in a 783,643 SF mall in Louisville, KY.; Anchored by Dillard's, JCPenney, and Round 1 Entertainment.; Signalized entrance from Outer Loop, offering excellent visibility and accessibility.
    Request Owner's contact information
    4801 Outer Loop Louisville, KY 40219
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    Louisville, KY 40219
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4801 Outer Loop Louisville, KY 40219
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    We can help!
    Listing Contact
    Justin Baker
    Justin Baker
    Real Estate License ID: KY 204053
    Learn more
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