Financial
Distress signals
Property profile

10509 Dixie Hwy Louisville, KY 40272

FOR LEASE
Retail space
View Listing
Property ID
US34-0381424
16,008 SF 1.37 ac lot Built 1954
Last sale Aug 2024 · $638,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A freestanding retail building located at 10509 Dixie Hwy in Louisville, set on approximately 1.51 acres and containing approximately 16,008 square feet. The property is zoned C-2 and is configured with extensive customer-facing product display and showroom areas, including approximately 14,028 square feet of showroom space, as well as a customer service and checkout counter, a sales office, and a restroom. The rear of the building includes two storage/warehouse areas totaling approximately

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$1.12M
Assessed land$461k
Assessed improvement$660k
Effective rate1.20%

Value estimate

· Sep 2026
$730k
$657k – $803k
Submarket $/SF estimate$692k
NOI build-up
Gross scheduled income$142k
Vacancy & credit loss−$7k
Operating expenses−$40k
NOI · 7,373,203.13% cap applied$94k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$127/SF
Submarket average, outlier-cleaned · 396 recorded sales of this use type
Observed band · Q1–Q3$64 – $215
Qualifying comparables6

Cap rate analysis

How does the asset earn?
7,373,203.13%
$94k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2-COMMERCIAL
JurisdictionJEFFERSON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency32.6
Law Firm28.3
Spa & Massage18.4

Location

10509 Dixie Hwy Louisville, KY 40272
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7208 Whipple, Louisville, KY 40272-4746 $330,000 Dec 2024 7,659 SF
13101 Dixie, Louisville, KY 40272-4752 $500,000 Aug 2023 6,452 SF
9833 3rd St, Louisville, KY 40272-2801 $2,300,000 May 2023 35,297 SF
8715 3rd St, Louisville, KY 40272-2302 $1,308,550 Nov 2022 7,280 SF
10642 Dixie, Louisville, KY 40272-4350 $4,903,070 Feb 2022 7,497 SF
11907 Dixie, Louisville, KY 40272-4808 $659,778 Jan 2022 8,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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