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    OFF-MARKET Estimated value $680,000
    Retail space

    10612 Meeting St, Prospect, KY 40059-7545

    0.06 ac lot Built 2011
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US34-0309256
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $655k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $680k
    Owner & transaction history
    Nickle Wood Properties LLC · 1 yrs held
    Nickle Wood Properties LLC
    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
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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