Property summary
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
VerifiedCap rate & NOI
Current use
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Cafe & Coffee Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C1-COMMERCIAL · Louisville, KYZoning
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Zoning designation
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The district profile from the municipal source: what is on file for C1-COMMERCIAL in Louisville, KY.
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