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    Property profile & analytics

    5775 Preston Hwy Louisville, KY 40219

    • Commercial real estate
    • 0.84 lot acres
    For Sale
    View listing
    Value Estimation
    Last Sale
    Apr 04, 2023
    $387,090
    Location Intelligence
    Property ID
    US34-0719904
    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 5775 Preston Hwy

    Year built
    1959
    Lot size
    0.84 lot acres
    Zone code
    C1-COMMERCIAL
    Property type
    Commercial real estate
    APN
    23062304180000
    APU
    23062304180000

    Description

    This exceptional 8.4-acre commercial land parcel presents a prime build-to-suit opportunity in Louisville, KY. Located at the highly visible corner of Preston Highway and E. Indian Trail, this C-2 zoned property boasts 179 square feet of frontage and benefits from a signalized entrance to the well-occupied Indian Trail Shopping Center. Anchored by prominent retailers such as Feeders Pet Supply, American Freight, and others, the center ensures high foot traffic and visibility. The site enjoys exceptional daily traffic counts exceeding 24,000 vehicles on Preston Highway, a major Louisville commercial artery. This densely populated area is strategically positioned near significant employers including UPS, Louisville International Airport, Ford Assembly Plant, and GE Appliance Park, guaranteeing a robust customer base. The property's location within the Okolona submarket of Jefferson County (zip code 40219) offers unparalleled access to a thriving consumer market. This build-to-suit opportunity allows for complete customization to meet specific business needs, making it an ideal location for a variety of commercial ventures. The property's size and location make it a rare and highly desirable investment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $470,000
      6.5%
      $475,000
      7%
      $410,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $365,000
      Geo Method
      $420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $425,000
      Retail
      $500,000
      Mixed-Use
      $470,000
      Hospitality
      $450,000
      Educational
      $460,000
      Residential Income
      $480,000
      Energy
      $450,000
      Income-Based Land
      $455,000
      Food Service
      $390,000

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.7019
    Latitude
    38.165
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,290
    $408,960
    $43,910
    $452,870
    -
    $408,960
    $43,910
    $452,870

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      0.84-acre lot, prime Louisville location.
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    5775 Preston Hwy
    Louisville, KY 40219
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    Realmo Value Estimation

    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.

    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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