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    3417 Breckenridge Ln Louisville, KY 40220
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    3417 Breckenridge Ln, Louisville, KY 40220

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    • Neighborhood centers
    • 108,306 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / Discount Store

    Property Details for 3417 Breckenridge Ln

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Breckenridge Plaza, a thriving retail center, presents a unique investment opportunity. This 108,306 square foot strip center is strategically located at the intersection of Breckenridge Lane and Six Mile Lane, benefiting from significant traffic flow and convenient access. The property sits on a 0.25-acre lot and is zoned C-1 - Commercial District, allowing for a variety of retail uses. Currently, there are four available spaces ranging in size from 1,040 square feet to 21,780 square feet, providing flexibility for various business needs. Its prime location near Hurstbourne Lane and a densely populated residential area ensures high visibility and a strong customer base. The APN is 1876SROW0000. This property offers a compelling combination of location, size, and available space, making it an ideal investment for savvy retail operators seeking a high-traffic, established location. The multiple tenancy structure provides diverse income streams and opportunities for long-term growth. This is a rare opportunity to acquire a well-positioned retail property in a thriving commercial district.

    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
    -85.6217
    Latitude
    38.1993

    Comparable in this City

    • Value Estimation by Request

      3039 Breckenridge Ln

      Neighborhood centers
      3039 Breckenridge Ln, Louisville, KY 40220
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    • Value Estimation by Request

      3943 Taylorsville Rd

      Neighborhood centers
      3943 Taylorsville Rd, Louisville, KY 40220
      View Details
    • Value Estimation by Request

      3938 Taylorsville Rd

      Individual retail properties
      3938 Taylorsville Rd, Louisville, KY 40220
      View Details
    • Value Estimation
      $4,110,000
      129,353 SF

      1915 Hurstbourne Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      1915 Hurstbourne Pkwy, Louisville, KY 40220-1645
      View Details
    • Value Estimation
      $1,650,000
      45,400 SF

      4080 Taylorsville Rd

      RETAIL STORES (PERSONAL SERVICES)
      4080 Taylorsville Rd, Louisville, KY 40220-1502
      View Details
    • Value Estimation
      $660,000
      3,667 SF

      2961 Breckenridge Ln

      RETAIL STORES (PERSONAL SERVICES)
      2961 Breckenridge Ln, Louisville, KY 40220-1463
      View Details

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    • $90,000

      High-Visibility Lot in Retail Corridor

      Strategically located 0.98-acre lot in a high-traffic retail area.
      4620 Taylorsville Rd, Louisville, KY 40220
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    Similar Nearby for Lease

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      2,750 SF

      Retail Space in McMahan Plaza

      Retail space available in established Louisville shopping center.
      3099 Breckenridge Ln, Louisville, KY 40220
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      Retail Space in McMahan Plaza

      Retail space for lease in established Louisville shopping center.
      3039 Breckenridge Ln, Louisville, KY 40220
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      Retail Space in Breckenridge Plaza

      Retail space for rent in a high-traffic Louisville plaza.
      3417 Breckenridge Ln, Louisville, KY 40220
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      961 SF

      Retail Space in Louisville, Kentucky

      Retail space available in Louisville, Kentucky, with high traffic visibility.
      1850 S Hurstbourne Pkwy, Louisville, KY 40220
      View Details
    • Contact for pricing

      Prime Commercial Office Space Available

      Office space for lease in a high-visibility Louisville location.
      2009 S Hurstbourne Pkwy, Louisville, KY 40220
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    • Contact for pricing

      Hikes Point Plaza Retail Space

      Retail spaces available in high-traffic Louisville plaza.
      4080 Taylorsville Rd, Louisville, KY 40220
      View Details
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    Louisville, KY 40220
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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.

    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
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