Building Details

Year Built 1991

Listing Agency: TRIO Commercial Property Group

Listed By: Justin Baker · License #204053 Show Phone

Source: Kcrea.resimplifi

Added: Jan 19 Changed: Oct 2 Last Checked: Oct 16 at 5:56AM

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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 TRIO Commercial Property Group

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Investment Insights

Based on property information with market context.

This warehouse property includes two separate buildings totaling 8,810 ± SF. The larger structure contains approximately 6,810 SF, while the second provides approximately 2,000 SF. Five drive-in doors serve loading and equipment movement, and the site includes outdoor parking along with a fenced yard area. Constructed in 1991, the property offers a multi-building layout for warehouse and related commercial operations.

The property is located at 9201 Blue Lick Rd in Louisville, Kentucky, approximately 1.1 miles from I-265 and 2.5 miles from I-65. C-2 zoning supports a range of commercial and industrial uses, subject to local code.

Key Highlights

• 8,810 ± SF total building area across two warehouse buildings
• Building 1 contains approximately 6,810 SF; Building 2 contains approximately 2,000 SF
• Five drive‑in doors provide loading access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$71,229

Cap Rate

5.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,424,580 $1.4M

Cap Rate 7%

$1,017,557 $1.0M

Cap Rate 9%

$791,433 $791.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,810 SF

Gross rent

$87.7K $9.96/SF

− Vacancy

−$3.9K −$0.45/SF

EGI

$83.8K $9.51/SF

− OpEx

−$12.6K −$1.43/SF

NOI

$71.2K $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%

$1,424,580

Cap Rate 7%

$1,017,557

Cap Rate 9%

$791,433

Alternative Uses

Best Use

Warehouse

$1.02M

$890.4K – $1.19M (±1% cap)

NOI $71,229 @ 7.0% cap · market cap 5.09%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.28M

$2.00M – $2.66M (±1% cap)

NOI $159,849 @ 7.0% cap · market cap 11.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Dental Office Spa & Massage Center

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

127

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 40229, KY

39,380

Population

15,772

Households

2.5

Avg Household Size

37

Median Age

24%

College-Educated

89%

High-School Grad

17.5 sq mi

ZIP Area

2,250

Density / Sq Mi

$78,877

Median Household Income

$42,782

Median Earnings

$1,294

Median Rent

$197,300

Median Home Value

Market

Vacancy Rate% for Industrial in Louisville, KY

5.1% 2019

4.7% 2020

1.7% 2021

3.9% 2022

3.9% 2023

3.6% 2024

3.7% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - C-2 zoning, drive-in access, and a fenced yard support commercial and industrial operations subject to local code.

Where is this warehouse located?

The property is located at 9201 Blue Lick Rd Louisville, KY.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: 8,810 ± SF total building area across two warehouse buildings; Building 1 contains approximately 6,810 SF; Building 2 contains approximately 2,000 SF; Five drive‑in doors provide loading access