161 Outer Loop Louisville, KY 40214
Property profile & analytics
161 Outer Loop Louisville, KY 40214
- Retail space
- 25,600 SF
- 5.15 lot acres
Property ID
US34-0268282
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.
Location Intelligence
Current Use by Public Records
- MANPOWER / Employment Agency
- El Vaquero Mexican Grill Cantina / Restaurant
- La Vaquita Sweet / Grocery & Convenience Store / Specialty Food Shop
- Liquor House / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
- Hibbett Sports / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
Property Details for 161 Outer Loop
- Year built
- 2005
- Lot size
- 5.15 lot acres
- Property size
- 25,600 SF
- Zone code
- C2-COMMERCIAL
- Property type
- Retail space
- APN
- 24376800020000
- APU
- 24376800020000
Description
This exceptional retail opportunity presents 2,660 square feet of vacant space within the highly successful New Cut Market Center, a 51,200 square foot, single-story shopping center located in Jefferson County's Louisville submarket. Built in 2005, this property boasts a strong tenant mix, including a Walmart anchor and other national co-tenants, ensuring high foot traffic and visibility. The center is classified as a Neighborhood/Community Center, offering a convenient shopping experience for the surrounding area. The property sits on a sizable 5.16 acres of land, providing ample parking and potential for future expansion. The building features no elevators, reflecting its single-story design. The zoning is Commercial, allowing for a variety of retail uses. This is a rare chance to secure space in a thriving, established center with a proven track record. The available space offers significant potential for a variety of businesses seeking a high-traffic location within a well-established retail environment. The property's strong anchor tenant and diverse tenant mix provide a stable and attractive investment opportunity. Serious inquiries are encouraged to explore this exceptional retail space. The total building size is 51,200 square feet.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,400,000
- ML approach
- $4,490,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,945,000
- 6.5%
- $4,565,000
- 7%
- $4,240,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,472,000
- AI Estimate
- $2,742,000
Market price range: $1.25M - $3.47MMarket price range: $1.17M - $2.74M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $5,645,000
- AUTO REPAIR, GARAGE
- $4,905,000
- OFFICE BUILDING
- $2,980,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.7821
- Latitude
- 38.1288
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$54,900
$1,182,870
$3,817,130
$5,000,000
-
$1,182,870
$3,817,130
$5,000,000
