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    530 Gray St Louisville, KY 40202

    For Lease
    $156 SF/Yr

    5,108 SF R&D space, 40 parking spaces

    Lot size:
    5,108 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 5,108-square-foot industrial property, located at 530 E. Gray Street in Louisville, KY, presents a unique investment opportunity. Zoned C-2, this single-tenant building sits on a 3.327-acre lot (14,322 sq ft) and offers versatile space ideal for a variety of uses, including research and development, entertainment venues, daycare centers, retail, or storage. The property boasts a large warehouse-style area complemented by four offices, providing ample space for diverse operational needs. A significant advantage is the presence of a fenced, 40-space parking lot, ensuring convenient parking for employees and clients. The building also features well-maintained restrooms equipped with four toilets and two urinals. Electric power services the building. The property's convenient location, combined with its substantial size and ample parking, makes it an attractive option for businesses seeking a functional and versatile space in a thriving Louisville location. The property's APN is 016H00580000. Cross street is Hancock Street. The property is currently vacant.

    Property Features for 530 Gray St

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,108 SF
    Total Rate
    66404

    Unit(s) available at that property

    Space
    Size
    4,300 SF
    Rate per SF
    $156
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Derby City Hall Event Venue

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon Law Firm Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.743736403818
    Latitude
    38.245558769585

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    FAQs

    What type of property is this?
    Life science property - 5,108 SF R&D space, 40 parking spaces
    Where is this life science property located?
    The property is located at 530 Gray St Louisville, KY.
    What is the lease rate?
    The lease rate is $156 SF/Yr.
    Request Owner's contact information
    530 Gray St Louisville, KY 40202
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    Louisville, KY 40202
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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
    530 Gray St Louisville, KY 40202
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