Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3943 Taylorsville Rd Louisville, KY 40220

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Louisville, KY Strip Mall - High Visibility

    Lot size:
    1,800 SF

    Property Features for 3943 Taylorsville Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,800 SF

    Building Details

    Buildings
    2

    Spaces For Lease

    at 3943 Taylorsville Rd, Louisville, KY 40220 Contact us

    We can help!

    Listing Contact
    Casey Smallwood
    Casey Smallwood

    Listing Agency: SRS Real Estate Partners Louisville Listing Agent: Casey Smallwood

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    McMahan Center, located at 3943 Taylorsville Road in Louisville, Kentucky's Hikes Point submarket, presents a unique investment opportunity. This established retail strip center boasts a prime location, offering exceptional visibility along Taylorsville Road. As the first retail strip center constructed in Louisville, it holds significant historical value and has remained under the same family ownership since its inception. The property comprises two buildings and features multiple tenancies, catering to the needs of a thriving neighborhood community. Its strategic position at a signalized intersection ensures high traffic flow and accessibility, further enhanced by ample on-site parking. The center benefits from prominent pylon signage, maximizing its visibility and attracting potential customers. Situated in Jefferson County, Kentucky, with a zip code of 40220, McMahan Center offers a stable investment in a well-established and densely populated area. This property is ideal for investors seeking a proven retail location with strong historical roots and excellent visibility in a desirable Louisville neighborhood. The property's long-standing presence in the community speaks to its enduring appeal and potential for continued success. Its convenient location and ample parking make it a desirable destination for both tenants and customers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Discount Store Western Union Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -85.627203607162
    Latitude
    38.220142535091

    Nearby Similar for Lease

    • $12 SF/Yr
      14,500 SF

      Retail Building with Drive-Thru

      14,500 SF retail building with drive-thru and ample parking.
      701 Valley College Dr, Louisville, KY 40272
      View Details
    • Sponsored
      New
      Contact for pricing

      KY, Louisville - East Witherspoon St

      Discover many ways to work your way in KY, Louisville - East Witherspoon St
      222 Witherspoon St, Louisville, KY 40202
      View Details
    • Contact for pricing

      KY, Louisville - Linn Station Road

      Flexible workspace in KY, Louisville - Linn Station Road
      10200 Linn Station Rd, Louisville, KY 10200
      View Details
    • New
      Contact for pricing

      MET Building

      Discover many ways to work your way in MET Building
      312 4Th St, Louisville, KY 40202
      View Details
    • New
      Contact for pricing

      Brownsboro Crossing

      Discover many ways to work your way in Brownsboro Crossing
      9850 Von Allmen Ct, Louisville, KY 40241
      View Details
    • $18 SF/Yr
      5,300 SF

      Medical Office Freestanding Building

      5,300 SF medical office building for lease in Louisville.
      927 E Broadway, Louisville, KY 40204
      View Details
    • $14 SF/Yr

      Retail Space in Auburndale Center

      Retail space with showroom, storage, and high-traffic location.
      7415 3Rd Street Rd, Louisville, KY 40214
      View Details
    • Contact for pricing

      Grocery Anchored Retail Center

      Retail space in established shopping center near residential developments.
      12302 Taylorsville Rd, Louisville, KY 40299
      View Details
    • $8 SF/Yr

      Retail Space in High-Traffic Center

      Retail space available in a popular Louisville shopping center.
      5518 New Cut Rd, Louisville, KY 40214
      View Details
    • $12 SF/Yr

      Downtown Louisville Leasing Opportunity

      Prime location with parking, highway access, and modern amenities.
      431 W Oak St, Louisville, KY 40203
      View Details
    • $18 SF/Yr
      32,790 SF

      Class A Office Tower

      Prominent Class A office tower in Louisville's central business district.
      220 W Main St, Louisville, KY 40202
      View Details
    • $14 SF/Yr
      30,148 SF

      Unique Office Space in Louisville

      Renovated office space in historic Old Louisville with amenities.
      1140 Garvin Pl, Louisville, KY 40203
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Louisville, KY Strip Mall - High Visibility
    Where is this neighborhood center located?
    The property is located at 3943 Taylorsville Rd Louisville, KY.
    What are key features of this property?
    This property features: Prime Taylorsville Road location in Louisville, KY's Hikes Point submarket, offering exceptional visibility.; Two-building retail strip center with multiple tenancies in a thriving neighborhood.; Signalized intersection location ensures high traffic counts and easy accessibility, plus ample parking.
    (502) 791-9762 Call to check price and availability
    Request Owner's contact information
    3943 Taylorsville Rd Louisville, KY 40220
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3943 Taylorsville Rd
    Louisville, KY 40220
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3943 Taylorsville Rd Louisville, KY 40220
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Casey Smallwood
    Casey Smallwood
    Real Estate License ID: 75297
    (502) 791-9762
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!