Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1905 Bardstown Rd Louisville, KY 40205-1546

    • Retail space
    • 5,102 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $885,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-2364826
    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

    • 5 Elements Salon and Spa / Hair Salon / Nail Salon
    • Martin Alan Hirsch Decorative / High School

    Property Details for 1905 Bardstown Rd

    Year built
    1920
    Lot size
    0.18 lot acres
    Property size
    5,102 SF
    Zone code
    (O
    Property type
    Retail space
    APN
    10077K00230000
    APU
    10077K00230000

    Description

    This 6,804 square foot storefront property is located at 1905 Bardstown Road in Louisville, Kentucky, zip code 40205. Currently vacant, this retail space is zoned OR-1 and offers significant potential for a variety of uses, including restaurants, stores, or offices. The property's location on a busy stretch of Bardstown Road, surrounded by numerous eateries and shops, ensures high visibility and foot traffic. The building itself is architecturally unique, adding to its appeal. A potential secondary income stream exists through the possibility of renting out an apartment located at the rear of the property. The asking price is $1,600,000. Please note that the owner requires prior approval before any site visits, as a business is currently operating on the premises. The exact location will be provided upon execution of a non-disclosure agreement. This is a truly exceptional opportunity to acquire a high-traffic retail space in a desirable Louisville location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $980,000
      6.5%
      $905,000
      7%
      $840,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,096,000
      Market price range: $324k - $1.10M
      AI Estimate
      $646,000
      Market price range: $241k - $647k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $650,000
      Current use
      RESTAURANT
      $1,125,000
      Change: +73% Conversion: Easy
      AUTO REPAIR, GARAGE
      $975,000
      Change: +51% Conversion: Difficult
      OFFICE BUILDING
      $595,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.6985
    Latitude
    38.2273
    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
    $18,139
    $153,540
    $1,198,090
    $1,351,630
    -
    $153,540
    $1,198,090
    $1,351,630

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      1927 Maplewood Plr

      RETAIL STORES (PERSONAL SERVICES) • 0.05 Acres
      1927 Maplewood Plr, Louisville, KY 40205-1026
      View Details
    • Value Estimation by Request
      0.12 Acres

      2140 Trevilian Way

      RETAIL STORES (PERSONAL SERVICES) • 0.12 Acres
      2140 Trevilian Way, Louisville, KY 40205-2144
      View Details
    • Value Estimation by Request
      1,200 SF

      2226 Taylorsville Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      2226 Taylorsville Rd, Louisville, KY 40205-2102
      View Details
    • Value Estimation
      $1,610,000
      9,291 SF

      3006 Bardstown Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,291 SF
      3006 Bardstown Rd, Louisville, KY 40205-3020
      View Details
    • Value Estimation
      $1,945,000
      11,954 SF

      6401 Dutchmans Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 11,954 SF
      6401 Dutchmans Pkwy, Louisville, KY 40205-3339
      View Details
    • Value Estimation
      $1,080,000
      11,412 SF

      2500 Bardstown Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,412 SF
      2500 Bardstown Rd, Louisville, KY 40205-2675
      View Details

    Similar Nearby for Sale

    • $939,000
      4,446 SF

      Bardstown Road Retail Gem

      High-traffic location, versatile space.
      1610 Bardstown Rd, Louisville, KY 40205
      View Details
    • $826,700
      5,200 SF

      Highlands Four-Plex Investment Opportunity

      Four-unit property in Louisville's Highlands neighborhood with income potential.
      2114 Bonnycastle Ave, Louisville, KY 40205
      View Details
    • $239,500
      0.22 Acres

      Flat Lot in Highland Preserve

      Build your dream home in a sought-after Louisville location.
      3403 Highland Preserve Way, Louisville, KY 40205
      View Details
    • $125,000

      Lakeview Condominium with Remodeled Bathroom

      First-floor condo with open floor plan and private patio.
      1935 Gardiner Ln, Louisville, KY 40205
      View Details
    • New
      $600,000
      3,883 SF

      Historic Highlands Triplex Opportunity

      Charming triplex in Louisville's desirable Highlands/Parkside corridor.
      2073 Sherwood Ave, Louisville, KY 40205
      View Details
    • $350,000

      Seneca Gardens Condo with Garage

      Three-bedroom condo in desirable Seneca Gardens neighborhood with garage.
      2325 Broadmeade Rd, Louisville, KY 40205
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      115,530 SF

      Louisville Class A Office Space

      Prestigious East End Office Suites Available
      6100 Dutchmans Ln, Louisville, KY 40205
      View Details
    • $2,100 /Mo
      1,612 SF

      Highlands Office Space Available

      Second-floor office space in a prominent Highlands location.
      1500 Bardstown Rd, Louisville, KY 40205
      View Details
    • $1,295 /Mo
      750 SF

      Updated Condo Near Cherokee Park

      Updated 2-bedroom condo near Cherokee Park with modern amenities.
      2214 Sherwood Ave, Louisville, KY 40205
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1905 Bardstown Rd
    Louisville, KY 40205-1546
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.