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    161 Outer Loop Louisville, KY 40214

    Sponsored
    For Lease
    $17 SF/Yr

    Grocery-anchored retail center; prime Louisville location.

    Lot size:
    51,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity presents 2,660 square feet of vacant space within the highly successful New Cut Market Center, a 51,200 square foot, single-story shopping center located in Jefferson County's Louisville submarket. Built in 2005, this property boasts a strong tenant mix, including a Walmart anchor and other national co-tenants, ensuring high foot traffic and visibility. The center is classified as a Neighborhood/Community Center, offering a convenient shopping experience for the surrounding area. The property sits on a sizable 5.16 acres of land, providing ample parking and potential for future expansion. The building features no elevators, reflecting its single-story design. The zoning is Commercial, allowing for a variety of retail uses. This is a rare chance to secure space in a thriving, established center with a proven track record. The available space offers significant potential for a variety of businesses seeking a high-traffic location within a well-established retail environment. The property's strong anchor tenant and diverse tenant mix provide a stable and attractive investment opportunity. Serious inquiries are encouraged to explore this exceptional retail space. The total building size is 51,200 square feet.

    Property Features for 161 Outer Loop

    General Information

    Property type
    Community centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    51,200 SF
    Total Rate
    72533.33

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    New Cut Market Space
    Size
    2,660 SF
    Rate per SF
    $17

    HighLights

    • 51,200 SF retail center in Louisville, Jefferson County.
    • Grocery‑anchored neighborhood center with multiple tenants.
    • One available space totaling 2,660 SF.
    • Located on 5.16 acres.
    • Built in 2005, single‑story building.
    • No elevators.
    Property Profile Location Intelligence

    Current Use by Public Records

    MANPOWER Recruiter El Vaquero Mexican ... Mexican Restaurant La Vaquita Sweet Ice Cream Shop Liquor House Liquor Store Hibbett Sports Shoe Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.7827423
    Latitude
    38.1287129

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    FAQs

    What type of property is this?
    Community center - Grocery-anchored retail center; prime Louisville location.
    Where is this community center located?
    The property is located at 161 Outer Loop Louisville, KY.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 51,200 SF retail center in Louisville, Jefferson County.; Grocery-anchored neighborhood center with multiple tenants.; One available space totaling 2,660 SF.
    Request Owner's contact information
    161 Outer Loop Louisville, KY 40214
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    Realmo Value Estimation

    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.

    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
    161 Outer Loop Louisville, KY 40214
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