Prime NuLu Development
713 E Market St Louisville, KY 40202
713 E Market St, Louisville, KY, 40202
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For Sale
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High-visibility property in Louisville's dynamic neighborhood with income potential.
Property Size9,530 SF
Price / SF$419.20
Days on Market1330
Property Features for 713 E Market St
General Information
- Standard status
- Active
- Size
- 9,530 SF
- Property subtype
- Retail, Mixed Use
Listing Agency
EOS Commercial Real Estate
(502) 749-7330
Listed by
Scott Howe · License #KY 74531
Source
Crexi
Added: Nov 28, 2022 Checked: Jul 19 at 8:51 am
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 EOS Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in the heart of NuLu, this property at 713 E Market St in Louisville presents an opportunity for developers, investors, and visionaries. The property is positioned in one of Louisville’s growing districts. The existing structure can be leveraged for income generation. Revenue from current and future tenants, combined with parking income, positions the property to potentially produce annual revenue. The property is surrounded by art, dining, boutique retail, entertainment, and modern residential developments. This property offers high visibility in a prime NuLu location. The property is a development opportunity with current income and future potential. The property size is 9530 square feet.
Key Highlights
- Prime NuLu location in a rapidly growing, highly desirable urban corridor.
- Exceptional potential for developers, investors, and visionaries.
- High‑visibility property with strong current income potential.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $205.8k | $21.60 |
| − Vacancy | −$24.7k | −$2.59 |
| EGI | $181.1k | $19.01 |
| − OpEx | −$67.9k | −$7.13 |
| NOI | $113.2k | $11.88 |
9,530 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.62M
$1.42M – $1.89M
NOI $113,216 @ 7.0% cap · market cap 2.83%
Second Best
Retail
$1.57M
$1.37M – $1.83M
NOI $109,871 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,912 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Brightwell Elder and Probate ...
Law Firm
Paletti Jr Paul ...
Law Firm
Sturm Paletti & Peter, ...
Law Firm
Wilson Sr William ...
Law Firm
Paul Paletti Gallery
Art Gallery
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FAQs
What type of property is this?
Mixed-use property - High-visibility property in Louisville's dynamic neighborhood with income potential.
Where is this mixed-use property located?
The property is located at 713 E Market St Louisville, KY.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Prime NuLu location in a rapidly growing, highly desirable urban corridor.; Exceptional potential for developers, investors, and visionaries.; High‑visibility property with strong current income potential.
