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11905 Dixie Hwy Louisville, KY 40272

Warehouses Google Maps
3,648 SF 2.16 ac lot Built 1966
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$385k
Range $347k – $424k (±10%)
Property ID US34-0317639

Property summary

AI-generated overview

This exceptional Louisville investment opportunity encompasses a 2.66-acre site zoned CM (Commercial Manufacturing), ideally situated on Dixie Highway near the Gene Snyder Freeway. The property includes a recently constructed, 7,800-square-foot vacant warehouse featuring concrete flooring, metal siding and roofing, seven 8x10 drive-in doors, and ample electrical service (200-amp, 1-phase). The warehouse boasts high bay LED lighting. In addition to the main warehouse, the property includes two additional buildings on the 11907 parcel. One is a residential building with three apartments (two 1-bedroom units and one 2-bedroom unit), two of which are currently rented at $650/month plus utilities. The other is a freestanding building, formerly a two-car garage, recently used as an office and including a half-bath, currently vacant. An approved development plan is available. The entire property presents a compelling opportunity for contractors, self-storage operators, or other industrial users, offering a blend of immediate income and significant development potential. The asking price is $1,270,000, with a land value of $162.82 per square foot. The property is located in Jefferson County, Kentucky, and offers easy access to major transportation arteries. This shovel-ready site is level and presents a rare opportunity in a desirable location.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1966
Total area 3,648 SF
Lot 2.16 ac (94,090 SF)
Zoning code C2-COMMERCIAL
APN 24105200580000
UPID US34-0317639

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Plumbing Service General Contractor
  • Car Dealership
  • Construction Company

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2021
Last sale
$385,960
4 recorded transactions
2021
Price N/A
2011
$162,500
2011
$310,000
2010
$385,960

Zoning & alternative use

C2-COMMERCIAL · Louisville, 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
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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?”
More about this property
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