Property profile

3131 Poplar Level Rd Louisville, KY 40213

OFF-MARKET
Turn key restaurants
Property ID
US34-0239698
4,572 SF 1.21 ac lot Built 2006
Entity Owned Free & Clear
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Property summary

AI-generated overview

The property is located within the Louisville, KY MSA along Poplar Level Road. It is a ground-lease type asset configured under NNN-style responsibility terms, with the tenant bearing landlord responsibilities. The site totals 4,250 square feet and is positioned in an area with established traffic counts, including approximately 30,700 vehicles per day on Poplar Level Road, with regional access via I-264 and I-65 (traffic volumes of about 182,000 and 129,000 vehicles per day, respectively). The surrounding area includes significant population density, with more than 265,000 people within a five-mile radius, and the property is within minutes of Louisville International Airport. The location is near local institutional and community amenities such as Norton Audubon Hospital (235 beds), Bellarmine University (about 2,800 students), Saint Xavier High School (over 1,300 students), and Audubon Country Club, with nearby retail businesses including CVS and multiple quick-service and casual dining operators. The building has an established operational history and was subject to lease extensions in the past; it also received or is scheduled for a building refresh.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2006
Total area 4,572 SF
Lot 1.21 ac (52,925 SF)
Zoning code C1-COMMERCIAL
APN 13086U00020000
UPID US34-0239698

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
  • Cafe & Coffee Shop

Location

3131 Poplar Level Rd Louisville, KY 40213-1028
Louisville metro Census 9300 LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$648k
Blend (final) Blend
$575k

Owner & transaction history

since 2026
7 recorded transactions
2026
Price N/A
2026
$3.8M
2023
Price N/A
2022
Price N/A
2019
$4.0M
2018
Price N/A
2014
$4.0M

Zoning & alternative use

C1-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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