Mixed-Use Retail Property For
For Sale
Contact for pricing
Pending
100 E Market St, Louisville, KY 40202
Mixed-use retail property with 8,243 square feet available for sale.
Property Size8,243 SF
Days on Market1366
Property Features for 100 E Market St
General Information
Standard status
Pending
Size
8,243 SF
Property subtype
Retail, Mixed Use
Zoning
C-3 - Commercial District
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
Walter Wagner Jr Company LLC
Listed By:
Daniel Dunlevy · License #KY 63546
(502) 562-9200
Source:
Crexi
Added: Dec 7, 2022
Changed: Aug 26
Last Checked: Aug 31 at 4:18AM
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 Walter Wagner Jr Company LLC
Investment Insights
Based on property information with market context.
This mixed-use retail property, offering 8,243 square feet of space, is available for sale.
Key Highlights
- Available for Sale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$97,927
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,958,540
$2.0M
Cap Rate 7%
$1,398,957
$1.4M
Cap Rate 9%
$1,088,078
$1.1M
Market Conditions
NOI Build-Up for 8,243 SF
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.
Gross rent
$178.0K $21.60/SF
− Vacancy
−$21.4K −$2.59/SF
EGI
$156.7K $19.01/SF
− OpEx
−$58.8K −$7.13/SF
NOI
$97.9K $11.88/SF
Area
Louisville, KY
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,958,540
Cap Rate 7%
$1,398,957
Cap Rate 9%
$1,088,078
Alternative Uses
Best Use
Mixed Use
$1.40M
$1.22M – $1.63M
NOI $97,927 @ 7.0% cap · market cap 3.63%
Second Best
Retail
$1.36M
$1.19M – $1.58M
NOI $95,034 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,561 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,783
Businesses Nearby
176k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 49%
Dining 37%
Shops & Services 12%
Groceries 2%
Louisville Marriott Downtown
Hotels & Casinos
27,211 visits/mo
0.2 miles
The Old Spaghetti Factory
Dining
22,175 visits/mo
0.2 miles
Embassy Suites by Hilton Louisville Downtown
Hotels & Casinos
17,524 visits/mo
0.4 miles
Shell
Shops & Services
15,640 visits/mo
0.1 miles
White Castle
Dining
15,549 visits/mo
0.1 miles
Demographics for 40202, KY
7,179
Population
4,242
Households
1.7
Avg Household Size
39
Median Age
27%
College-Educated
83%
High-School Grad
1.6 sq mi
ZIP Area
4,487
Density / Sq Mi
$29,382
Median Household Income
$33,205
Median Earnings
$881
Median Rent
$340,000
Median Home Value
Market
Vacancy Rate% for Retail in Louisville, KY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Mixed-use retail property with 8,243 square feet available for sale.
Where is this retail property located?
The property is located at 100 E Market St Louisville, KY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Available for Sale
