Property profile

10612 Meeting St Prospect, KY 40059

OFF-MARKET
Retail space
Property ID
US34-0309256
0.06 ac lot Built 2011
Entity Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Louisville, KY investment opportunity presents two meticulously built, live/work buildings situated in the highly desirable Norton Commons South Village Town Center. The property boasts a total of approximately 5,300 square feet, encompassing 2,755 square feet of commercial space across two buildings, each featuring 1,377.5 square feet of finished space with 12-14' ceilings. Currently leased to a single tenant, the flexible design allows for either one large or two separate commercial spaces. The commercial areas are ideal for medical, professional offices, or showrooms. Adding to the investment potential are two 2-bedroom, 2-bathroom luxury condo/apartments, each approximately 1,272 square feet with attached garages and private rear entrances. These units command high rental rates, comparable to similar properties in the area at $2,300-$3,100 per month. The property sits on approximately 4,900-5,000 square feet of land, offering ample space and visibility. Built in 2015, the buildings are in excellent condition and benefit from a stable leasing history with 100% occupancy across three tenants. The property includes 10 parking spaces and is zoned for Planned Village Development (PVD), allowing for a variety of uses. This unique offering combines the benefits of commercial and residential income streams in a prime location, presenting a rare opportunity for owner-users or investors seeking a high-return, low-maintenance investment. The property's location within Norton Commons, a renowned traditional town development, ensures strong demand and long-term value. Short-term rentals are permitted.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2011
Lot 0.06 ac (2,426 SF)
Zoning code PVD-PLANNED VILLAGE DEV
APN 21372503170000
UPID US34-0309256

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10612 Meeting St Prospect, KY 40059-7545
Prospect metro Census 10313 LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$655k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$630k

Owner & transaction history

since 2025
Last sale
$715,000
3 recorded transactions
2025
$715,000
2015
$357,500
2014
$59,883

Zoning & alternative use

PVD-PLANNED VILLAGE DEV · Prospect, KY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10612 Meeting St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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