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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11407 Bardstown Creek Rd Louisville, KY 40291

    • Commercial real estate
    • 21.05 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0067628
    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 11407 Bardstown Creek Rd

    Lot size
    21.05 lot acres
    Property type
    Commercial real estate
    APN
    006500110000

    Description

    This exceptional 21.05-acre parcel of land presents a remarkable investment opportunity in Louisville, Kentucky. Located at 11407 Bardstown Creek Road, this property is zoned R-R (Rural Residential District) and offers significant development potential. All utilities are readily available, ensuring seamless infrastructure integration for any future project. The property boasts convenient ingress/egress directly off Bardstown Road, providing excellent accessibility. Its strategic location offers proximity to desirable amenities, including Broad Run Park and the new Oakland Hills Subdivision. Furthermore, the land adjoins the scenic Parklands at Floyds Fork, enhancing its appeal and potential value. The asking price for this expansive property is $1,578,500. The property's APN is 006500110000, and it is situated in Jefferson County, Kentucky, with a zip code of 40291. This unique combination of size, location, and zoning makes this land a highly attractive proposition for developers seeking a prime location for residential or commercial ventures. Don't miss this chance to acquire a significant piece of Louisville real estate with exceptional growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.551895
    Latitude
    38.081296

    Comparable in this City

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      Prime Louisville Commercial Land

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      Fern Creek Development Land

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      Louisville Commercial Land - 6 Acres

      Prime Louisville development land, retail/multifamily potential.
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      Hurstbourne Parkway Commercial Land

      Prime Louisville location, high traffic, development potential.
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    • $1,599,000

      6.09 Acres Zoned PDD

      6.09 acres zoned PDD with frontage on Beulah Church Road.
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    • $1,566,680
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      Hurstbourne Parkway Frontage Land

      Land with excellent visibility and access on Hurstbourne Parkway.
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    Similar Nearby for Sale

    • $325,000
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      Prime Louisville Commercial Land

      1.3-Acre Mixed-Use Development Site
      8811 Old Bardstown Rd, Louisville, KY 40291
      View Details
    • $1,000,000
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      Fern Creek Development Land

      17 Acres, Prime Residential Site
      9300 Hayes Ave, Louisville, KY 40291
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    • $1,750,000
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      Louisville Commercial Land - 6 Acres

      Prime Louisville development land, retail/multifamily potential.
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    • Contact for pricing

      Hurstbourne Parkway Frontage Land

      18.25 acres on Hurstbourne Parkway in booming Fern Creek.
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    • $2,321,250
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      South Hurstbourne Commercial Land

      6.19 Acres, Prime Louisville Location
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    • New
      $695,000
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      Fern Creek Build-Ready Lots

      15 residential lots ready for development in Hudson Creek.
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    Similar Nearby for Lease

    • Contact for pricing
      6,077 SF

      Bardstown Road Retail Space For Lease

      High-traffic retail space, flexible layouts.
      7931 Bardstown Rd, Louisville, KY 40291
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    • $51 SF/Yr
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      Bardstown Road Commercial Property

      Prime Louisville Office Space, 1154 sqft
      7707 Bardstown Rd, Louisville, KY 40291
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    • $25 SF/Yr
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      Glenmary Plaza Retail Center

      High-traffic retail space available.
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    • $24 SF/Yr
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      Prime Louisville Retail Space

      1600 SF Retail Space, Available Soon
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      18,252 SF

      Retail Space on Bardstown Road

      Retail property with high traffic count available for lease.
      5300-5404 Bardstown Rd, Louisville, KY 40291
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    • $21 SF/Yr
      4,980 SF

      Prime Commercial Space in Fern Creek

      4980 sqft C1 zoned space available December 2025.
      5700 Bardstown Rd, Louisville, KY 40291
      View Details
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    11407 Bardstown Creek Rd
    Louisville, KY 40291
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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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