Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    7600 St Andrews Church Rd Louisville, KY 40214

    • Land
    • 33.00 lot acres
    For Sale
    View listing
    $858,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 7600 St Andrews Church Rd

    Lot size
    33.00 lot acres
    Property type
    Land

    Description

    This exceptional 33-acre parcel presents a rare development opportunity in Southern Louisville, Kentucky. Located at 7600 St Andrews Church Rd, Jefferson County, zip code 40214 (APN: 102700760000, 102700120000, 102700340000), this property is zoned R-4 for Residential Single Family District use. The land offers high visibility and accessibility due to its strategic location across from Doss High School, experiencing daily traffic counts of 16,000 to 17,000 vehicles. Priced at $858,000 ($26,000/acre), this represents one of the few remaining larger tracts available for development in the area. Most utilities are available on-site. To facilitate the planning process, comprehensive resources are available, including zoning maps, topography maps, sewer maps, and drone footage. This property is ideal for developers seeking a substantial site for a variety of residential projects. The potential for high-impact development in this high-traffic location is significant. This is a unique opportunity to acquire a large, well-located parcel in a growing area of Louisville.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.8113
    Latitude
    38.1577

    Comparable in this City

    • Value Estimation by Request
      5.10 Acres

      7731 St Andrews Church Rd

      Land • 1,522 SF
      7731 St Andrews Church Rd, Louisville, KY 40214
      View Details
    • Value Estimation by Request
      75.96 Acres

      8200 St Anthony Church Rd

      Land • 75.96 Acres
      8200 St Anthony Church Rd, Louisville, KY 40214
      View Details
    • Value Estimation by Request
      4.66 Acres

      Kenjoy Dr

      Land • 4.66 Acres
      0 Kenjoy Dr, Louisville, KY 40214
      View Details
    • Value Estimation by Request
      960 SF

      7803 Saint Andrews Church Rd Trlr, Unit 21

      MOBILE HOME PARK, TRAILER PARK • 960 SF
      7803 Saint Andrews Church Rd Trlr, Louisville, KY 40214-3866
      View Details
    • Value Estimation by Request
      840 SF

      7803 Saint Andrews Church Rd Trlr, Unit 40

      MOBILE HOME PARK, TRAILER PARK • 840 SF
      7803 Saint Andrews Church Rd Trlr, Louisville, KY 40214-3866
      View Details
    • Value Estimation by Request
      780 SF

      7803 Saint Andrews Church Rd Trlr, Unit 49

      MOBILE HOME PARK, TRAILER PARK • 780 SF
      7803 Saint Andrews Church Rd Trlr, Louisville, KY 40214-3866
      View Details

    Similar Nearby for Sale

    • $858,000
      33.00 Acres

      33-Acre Louisville Development Land

      Prime R-4 zoned land, high visibility.
      7600 St Andrews Church Rd, Louisville, KY 40214
      View Details
    • $270,000
      2,890 SF

      Income Producing Corner Lot Property

      Well-maintained multi-unit property, ideal for investors or owner-occupants.
      221 W Woodlawn Ave, Louisville, KY 40214
      View Details
    • $45,000
      0.20 Acres

      Residential Lot in Louisville, KY

      0.20 acre lot in Woods Of Iroquois Heights.
      6208 Cottage Ridge Pl, Louisville, KY 40214
      View Details
    • $45,000
      1.38 Acres

      Residential Land in Louisville, KY

      Residential land for sale in Louisville, Kentucky.
      1917 Riva Ridge Rd, Louisville, KY 40214
      View Details
    • Contact for pricing
      0.05 Acres

      Louisville, KY Cleared Lot

      Cleared lot ready for new construction in Louisville, Kentucky.
      3926 S Brook St, Louisville, KY 40214
      View Details
    • $2,300,000
      11,100 SF

      Prime Louisville Retail Opportunity

      11,100 SF Former Rite Aid, High Traffic
      7118 Southside Dr, Louisville, KY 40214
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      81,280 SF

      Louisville Industrial Center Warehouse Space

      Warehouse space in Louisville Industrial Center, available December 2022.
      7201 National Tpke, Louisville, KY 40214
      View Details
    • Contact for pricing
      47,000 SF

      Industrial Space in Louisville Center

      47,000 SF industrial space available for immediate occupancy.
      7635 National Tpke, Louisville, KY 40214
      View Details
    • Contact for pricing
      32,000 SF

      Warehouse Space Near Airport

      Warehouse space with convenient access to major transportation routes.
      7715 National Tpke, Louisville, KY 40214
      View Details
    • $17 SF/Yr
      51,200 SF

      New Cut Market Center Retail Space

      Grocery-anchored retail center; prime Louisville location.
      161 Outer Loop, Louisville, KY 40214
      View Details
    • $8 SF/Yr
      27,347 SF

      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
      5,700 SF

      Auburndale Village Retail Center

      Prime Louisville Retail Space - 5,700 SF Available
      5530 New Cut Rd, Louisville, KY 40214
      View Details
    Request Owner's contact information
    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.
    7600 St Andrews Church Rd
    Louisville, KY 40214
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!