Two-Story Warehouse with Freight
937 W Hill St Louisville, KY 40208
937 W Hill St, Louisville, KY, 40208
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For Sale
Contact for pricing
Two-story building with 2nd-floor office space, a working freight elevator, gravel parking, and heated warehouse space.
Property Size3,721 SF
Price / SF$65.84
Days on Market138
Property Features for 937 W Hill St
General Information
- Standard status
- Active
- Size
- 3,721 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1937
Listing agency
Semonin REALTORS
(502) 693-6665
Listed by
Noah Neutz · License #296730
Source
Crexi
Added: Mar 6 Updated: Jul 21 at 1:26AM Checked: Jul 21 at 10:14AM
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 Semonin REALTORS
Investment Insights
Based on property information with market context.
This two-story commercial property offers a practical mix of warehouse and office space, with two office spaces located on the 2nd floor. A freight elevator is in working condition, supporting movement between levels. The warehouse is heated, and the property has a gravel parking lot with room for approximately six parking spaces. The space has previously been used as storage and a workshop, and the listed zoning is EZ1.
The property is described as not being in a flood zone and is available in Downtown Louisville. With zoning allowing for versatile use per the listing, the building layout can support a range of light warehouse or workspace needs while keeping office functions on the second floor.
Heating is available in the warehouse, while cooling is not indicated in the provided information. The property’s current configuration includes the freight elevator and separate 2nd-floor office areas, providing a straightforward internal flow for operations that require both work space and administrative space.
The property is described as not being in a flood zone and is available in Downtown Louisville. With zoning allowing for versatile use per the listing, the building layout can support a range of light warehouse or workspace needs while keeping office functions on the second floor.
Heating is available in the warehouse, while cooling is not indicated in the provided information. The property’s current configuration includes the freight elevator and separate 2nd-floor office areas, providing a straightforward internal flow for operations that require both work space and administrative space.
Key Highlights
- 1937‑built, two‑story commercial building in downtown Louisville, zoned EZ1
- Two office spaces on the 2nd floor
- Freight elevator in working condition
Local Financial Insights For Industrial
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 | $33.5k | $9.00 |
| − Vacancy | −$1.7k | −$0.45 |
| EGI | $31.8k | $8.55 |
| − OpEx | −$9.5k | −$2.56 |
| NOI | $22.3k | $5.98 |
3,721 SF · lease $9.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$686.5K
$600.7K – $801.0K
NOI $48,057 @ 7.0% cap · market cap 19.62%
Second Best
Flex RnD
$482.0K
$421.8K – $562.3K
NOI $33,740 @ 7.0% cap · market cap 13.77%
Theoretical Best
Office A
$964.5K
$843.9K – $1.13M
NOI $67,514 @ 7.0% cap · market cap 27.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Che'Mari Catering Co — 501 W Oak St, Louisville, KY 40203
- Gumby's Speciality Catering — 1477 S 2nd St, Louisville, KY 40208
FAQs
What type of property is this?
Flex space - Two-story building with 2nd-floor office space, a working freight elevator, gravel parking, and heated warehouse space.
Where is this flex space located?
The property is located at 937 W Hill St Louisville, KY.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 1937‑built, two‑story commercial building in downtown Louisville, zoned EZ1; Two office spaces on the 2nd floor; Freight elevator in working condition
