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    6900 Bardstown Rd Louisville, KY 40291-3223

    • Retail space
    • 63,399 SF
    • 5.04 lot acres
    OFF-MARKET
    Last Sale
    May 11, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-2386337
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cedar Springs Shopping Center / Shopping Mall
    • Kroger Fuel Center / Gas Station
    • Redbox / Movie Rental Kiosk / Dvd Store
    • higi / Health Consultant
    • Fifth Third Bank & ATM / Car Finance And Loan Company / Check Cashing Service

    Property Details for 6900 Bardstown Rd

    Year built
    1987
    Lot size
    5.04 lot acres
    Property size
    63,399 SF
    Zone code
    C2-COMMERCIAL
    Property type
    Retail space
    APN
    23063802820000
    APU
    23063802820000

    Description

    Cedar Springs Shopping Center presents a compelling investment opportunity in Louisville, Kentucky's thriving Fern Creek submarket. This 114,907 square foot retail center boasts a strong anchor tenant: a high-performing Kroger grocery store consistently ranking among the chain's top performers in terms of square footage traffic, according to Placer. The center is strategically situated at 6900 Bardstown Road, enjoying excellent visibility and accessibility near the intersection of I-265, a major thoroughfare. Currently, there is 3,225 square feet of vacant space available, including one 1,600 square foot unit, ideal for a variety of retail or office uses. The property's diverse tenant mix, encompassing retail and office spaces, ensures a robust and stable income stream. Located in Jefferson County, Kentucky, zip code 40291, this property benefits from a strong local economy and a dense population base within the Fern Creek area. The available space offers a unique chance to capitalize on the high foot traffic generated by the anchor tenant and the center's prime location. This is an exceptional opportunity to acquire a well-positioned asset in a rapidly growing market. The property's size, tenant mix, and location combine to create a compelling investment proposition for discerning buyers.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.5876
    Latitude
    38.1462
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $76,552
    $2,291,870
    $4,206,630
    $6,498,500
    -
    $2,291,870
    $4,206,630
    $6,498,500

    Comparable in this City

    • Value Estimation by Request
      36,282 SF

      6810 Bardstown Rd

      RETAIL STORES (PERSONAL SERVICES) • 36,282 SF
      6810 Bardstown Rd, Louisville, KY 40291-3050
      View Details
    • Value Estimation by Request
      7,575 SF

      10435 Southpointe Blvd

      Individual retail properties • 7,575 SF
      10435 Southpointe Blvd, Louisville, KY 40291
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    • Value Estimation by Request
      3,000 SF

      6325 Bardstown Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      6325 Bardstown Rd, Louisville, KY 40291-3038
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    • Value Estimation by Request
      3,606 SF

      6317 Bardstown Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,606 SF
      6317 Bardstown Rd, Louisville, KY 40291
      View Details
    • Value Estimation
      $4,495,000
      46,340 SF

      5252 Bardstown Rd

      RETAIL STORES (PERSONAL SERVICES) • 46,340 SF
      5252 Bardstown Rd, Louisville, KY 40291-1766
      View Details
    • Value Estimation
      $215,000
      1,356 SF

      4806 Bardstown Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,356 SF
      4806 Bardstown Rd, Louisville, KY 40291-1707
      View Details

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      Premier Retail Development For Sale

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      New Retail Construction on Bardstown

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    Similar Nearby for Lease

    • $24 SF/Yr
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      Prime Louisville Retail Space

      1600 SF Retail Space, Available Soon
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    • $21 SF/Yr
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      Prime Commercial Space in Fern Creek

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    • Contact for pricing
      6,077 SF

      Bardstown Road Retail Space For Lease

      High-traffic retail space, flexible layouts.
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    • $24 SF/Yr
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      Retail Space Near Major Retailers

      Retail space with high traffic, anchored by Norton Healthcare.
      9300 Cedar Center Way, Louisville, KY 40291
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    • $25 SF/Yr
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      Glenmary Plaza Retail Center

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    • Contact for pricing
      18,252 SF

      Retail Space on Bardstown Road

      Retail property with high traffic count available for lease.
      5300-5404 Bardstown Rd, Louisville, KY 40291
      View Details
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    Louisville, KY 40291-3223
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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.

    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
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