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Property profile & analytics
FOR SALE
Schools

1253 S Preston St Louisville, KY 40203

7,833 SF 0.34 ac lot Built 1911
Individually Owned 18-yr Hold ~ Est. High Equity
Property ID
US34-2393672
Property summary
AI-generated overview

Galerie Hertz, located at 1253 S Preston St in Louisville, KY, presents a unique mixed-use investment opportunity. This historic building, constructed in 1911, boasts 8,640 square feet across two stories and sits on a 0.343-acre lot. The property is zoned C-2 and features a blend of apartment building, creative office, and storefront spaces, making it ideal for owner-users seeking a versatile investment. The building comprises six units, offering flexibility for various business and residential uses. Ceiling heights range from 9 feet 3 inches to an impressive 16 feet 11 inches, providing ample space and character. Situated in the heart of Shelby Park, a designated Opportunity Zone, this property benefits from a prime location between Camp Street and Shelby Parkway in Louisville's Jefferson County (zip code 40203). The asking price is $775,000, translating to $89.70 per square foot. This Class B building offers a compelling blend of history, functionality, and potential for significant return on investment.

Property profile
Verified
Property type Schools
Use group COLLEGE, UNIVERSITY, VOC SCHOOL
Year built 1911
Total area 7,833 SF
Lot 0.34 ac (14,985 SF)
Zoning code C2-COMMERCIAL
APN 09023D01520000
UPID US34-2393672
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
Current use
Occupant on record · Public records
  • Galerie Hertz Art Gallery
  • Ann Stewart Anderson Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
William F Hertz JR. · 18 yrs held
William F Hertz JR.
since 2007
5 recorded transactions
2023
Price N/A
2009
Price N/A
2007
$155,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C2-COMMERCIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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