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    Property profile & analytics

    9401 Old Bardstown Rd Louisville, KY 40291

    • Commercial real estate
    • 1.73 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0013123
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 9401 Old Bardstown Rd

    Lot size
    1.73 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.73-acre parcel presents a prime development opportunity on Old Bardstown Road in Louisville, Kentucky. Zoned R-4, this level, cleared lot boasts significant frontage on a high-traffic thoroughfare with an average daily traffic count of 35,000 vehicles. Its strategic location offers easy access to gravity sewers, eliminating costly infrastructure hurdles. The property's proximity to thriving retail areas to the north and affluent residential neighborhoods to the south positions it ideally for various development projects. Currently, the site includes a single-family home that can be either removed or incorporated into a larger development plan. The surrounding area is experiencing significant growth, with substantial multi-family developments underway nearby, including the Glenmary Apartments (270 units) and an approved project adding over 480 apartments and townhomes. This property's combination of size, zoning, location, and infrastructure access makes it an exceptional investment opportunity. The asking price is $636,000. The lease on the existing structure expires September 4, 2025. The property is located in Jefferson County, Kentucky, zip code 40291.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.5677831
    Latitude
    38.105321

    Comparable in this City

    • $325,000
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      Prime Louisville Commercial Land

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      8811 Old Bardstown Rd, Louisville, KY 40291
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    • $1,000,000
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      Fern Creek Development Land

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    • $1,750,000
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      Louisville Commercial Land - 6 Acres

      Prime Louisville development land, retail/multifamily potential.
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      Hurstbourne Parkway Frontage Land

      18.25 acres on Hurstbourne Parkway in booming Fern Creek.
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    • $250,000
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      Hurstbourne Parkway Development Land

      15 Acres, High-Traffic Location
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      Vacant Land Near I-65

      Centrally located vacant land with great access to I-65.
      7300 Hurstbourne Pkwy, Louisville, KY 40291
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    Similar Nearby for Sale

    • $325,000
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      Prime Louisville Commercial Land

      1.3-Acre Mixed-Use Development Site
      8811 Old Bardstown Rd, Louisville, KY 40291
      View Details
    • $1,000,000
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      Fern Creek Development Land

      17 Acres, Prime Residential Site
      9300 Hayes Ave, Louisville, KY 40291
      View Details
    • $1,750,000
      6.09 Acres

      Louisville Commercial Land - 6 Acres

      Prime Louisville development land, retail/multifamily potential.
      8102 Beulah Church Rd, Louisville, KY 40291
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    • $250,000
      15.00 Acres

      Hurstbourne Parkway Development Land

      15 Acres, High-Traffic Location
      6700 Hurstbourne Pkwy, Louisville, KY 40291
      View Details
    • Contact for pricing

      Vacant Land Near I-65

      Centrally located vacant land with great access to I-65.
      7300 Hurstbourne Pkwy, Louisville, KY 40291
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    • Contact for pricing

      Hurstbourne Parkway Frontage Land

      18.25 acres on Hurstbourne Parkway in booming Fern Creek.
      6700 S Hurstbourne Pkwy, Louisville, KY 40291
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,077 SF

      Bardstown Road Retail Space For Lease

      High-traffic retail space, flexible layouts.
      7931 Bardstown Rd, Louisville, KY 40291
      View Details
    • $51 SF/Yr
      1,154 SF

      Bardstown Road Commercial Property

      Prime Louisville Office Space, 1154 sqft
      7707 Bardstown Rd, Louisville, KY 40291
      View Details
    • $25 SF/Yr
      41,803 SF

      Glenmary Plaza Retail Center

      High-traffic retail space available.
      8133 Bardstown Rd, Louisville, KY 40291
      View Details
    • $24 SF/Yr
      1,600 SF

      Prime Louisville Retail Space

      1600 SF Retail Space, Available Soon
      9314 Cedar Center Way, Louisville, KY 40291
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    • Contact for pricing
      18,252 SF

      Retail Space on Bardstown Road

      Retail property with high traffic count available for lease.
      5300-5404 Bardstown Rd, Louisville, KY 40291
      View Details
    • $21 SF/Yr
      4,980 SF

      Prime Commercial Space in Fern Creek

      4980 sqft C1 zoned space available December 2025.
      5700 Bardstown Rd, Louisville, KY 40291
      View Details
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    9401 Old Bardstown Rd
    Louisville, KY 40291
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    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.

    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
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