Commercial Real Estate Market in Shepherdsville, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
73 active listings and 802 off-market properties in Shepherdsville, KY. Commercial property asks $178/SF to buy and $19.79/SF/Yr to lease.
Market Trends
Shepherdsville, KY spans 113.2 square miles in Bullitt County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Shepherdsville, KY runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Shepherdsville, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Shepherdsville, KY runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Shepherdsville, KY runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 38.9%
- Industrial 33.1%
- Agricultural 14.7%
- Civic 7.5%
- Commercial 5.8%
Largest Zones share of zoned land by district
Light Industrial
Multifamily Lower Density
Agricultural
Single Family
Highway Business
Shepherdsville, KY zones 9,347 acres across 29 districts. Commercial zoning covers 5.8% of zoned land, residential 38.9% and industrial 33.1%. The largest single district is Light Industrial at 25%. For commercial buyers the practical constraint is that only 38.8% of land carries a commercial or industrial designation.
Light Industrial (I-L)
The purpose of the I-L district is to allow uses such as assembly plants (except automobile assembly plants or similar types of plants), automobile repair (but not commercial wrecking, dismantling, or salvage yards), auto service stations, automobile, truck, and boat sales, and bottling works etc.
Market overview
Demographics & Economy
Shepherdsville, KY has 36,161 residents in 15,622 households. Density runs 319 people per square mile. Median household income here is $77,083 and median gross rent $939 a month.
36,161
Population
15,622
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
113.2 sq mi
ZIP Area
319
Density / Sq Mi
$77,083
Median Household Income
$41,914
Median Earnings
$939
Median Rent
$242,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fox Chase | — | — |
| Clermont | — | — |
| Hebron Estates | — | — |
| Hunters Hollow | — | — |
Commercial property in Shepherdsville, KY asks $178/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Shepherdsville?
Commercial property in Shepherdsville, KY asks an average of $178 per square foot.
How much does it cost to lease commercial space in Shepherdsville?
Asking lease rates in Shepherdsville, KY average $19.79 per square foot per year.
What zoning applies to commercial property in Shepherdsville?
Shepherdsville, KY zones 9,347 acres across 29 districts, of which 5.8% is commercial and 33.1% industrial. The largest single district is Light Industrial at 25% of zoned land. The purpose of the I-L district is to allow uses such as assembly plants (except automobile assembly plants or similar types of plants), automobile repair (but not commercial wrecking, dismantling, or salvage yards), auto service stations, automobile, truck, and boat sales, and bottling works etc. Residential zoning covers 38.9% and open space 0%.
Where does Realmo's Shepherdsville market data come from?
Realmo compiles Shepherdsville, KY figures from 7 recent recorded sales, 56 active sale listings, 17 active lease listings, 802 tracked off-market properties, the current Shepherdsville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 56 active for-sale and 17 active for-lease listings in Shepherdsville, KY. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 9,347 zoned acres across 29 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
