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    6700 Hurstbourne Pkwy Louisville, KY 40291

    • Commercial real estate
    • 1.70 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0147703
    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 6700 Hurstbourne Pkwy

    Lot size
    1.70 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial land offering presents a unique investment opportunity in Louisville, Kentucky's thriving Fern Creek area. Situated at 6700 S Hurstbourne Pkwy, this property boasts a significant presence along Hurstbourne Parkway, a high-traffic corridor with an average daily traffic count exceeding 22,000 vehicles. The site encompasses between 1.7 and 10.7 acres, providing flexibility for various development scenarios. With over 1,400 feet of frontage and multiple access points via curb and median cuts, this location offers unparalleled visibility and accessibility. The property is strategically located midway between Interstates 64 and 65, ensuring convenient access to major transportation arteries. Zoned R-6 Multi-family and C-1 Commercial, this versatile parcel allows for a wide range of development options, from multi-family residential to commercial ventures. A detailed district development plan is available, providing comprehensive information to support pricing and land size considerations. This dense infill site presents an exceptional opportunity to capitalize on the area's robust growth and high demand for commercial and residential properties. The price per acre ranges from $275,000 to $600,000, depending on the selected parcel size. Don't miss this chance to secure a prime location in a rapidly expanding market.

    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
    -85.6171949
    Latitude
    38.1626756

    Comparable in this City

    • $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
      View Details
    • $1,747,000
      4.18 Acres

      Hurstbourne Parkway Commercial Land

      Prime Louisville location, high traffic, development potential.
      5926 Watterson Trl, Louisville, KY 40291
      View Details
    • $1,500,000

      Residential Development Site in Fern Creek

      Residential or apartment development site in the heart of Fern Creek.
      9300 Hayes Ave, Louisville, KY 40291
      View Details
    • $1,599,000

      6.09 Acres Zoned PDD

      6.09 acres zoned PDD with frontage on Beulah Church Road.
      8102 Beulah Church Rd, Louisville, KY 40291
      View Details
    • 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 Sale

    • 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
    • $2,321,250
      6.19 Acres

      South Hurstbourne Commercial Land

      6.19 Acres, Prime Louisville Location
      5911 Watterson Trl, Louisville, KY 40291
      View Details
    • $325,000
      1.30 Acres

      Prime Louisville Commercial Land

      1.3-Acre Mixed-Use Development Site
      8811 Old Bardstown Rd, Louisville, KY 40291
      View Details
    • $695,000
      3.35 Acres

      Fern Creek Build-Ready Lots

      15 residential lots ready for development in Hudson Creek.
      6243 Hudson Creek Dr, Louisville, KY 40291
      View Details
    • $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
      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
      View Details
    • 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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    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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