Property profile

315 Stephen Boone Ct Louisville, KY 40214

OFF-MARKET
Showrooms
Property ID
US34-0340338
8,100 SF 2.67 ac lot Built 1958
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses two Louisville, KY properties totaling approximately 5.42 acres. The main facility at 315 Stephen Boone Ct. features a 5,600 sq ft service/workshop with seven bays and 14-foot door height, plus 2,500 sq ft of office space. Built in 1958, it boasts a 2014 roof replacement and a complete HVAC overhaul in 2022, along with updated plumbing and electrical systems, and fire suppression. The property also includes a graveled lot. The second property, located at 6320 Strawberry Ln., offers a 6,600 sq ft warehouse with three docks, two offices, and three bathrooms. This property sits on approximately 2.36 acres. Both properties are strategically located near Louisville International Airport and major customers, offering convenient access to key transportation routes. The combined properties currently house a thriving trucking company with 29 trucks and 58 dry vans (53ft), along with on-site workshop facilities for equipment maintenance. An underutilized warehouse presents an opportunity for expanded operations. The asking price for this turnkey business and real estate package is $7,000,000. No environmental surveys are available.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1958
Total area 8,100 SF
Lot 2.67 ac (116,131 SF)
Zoning code EZ1-ENTERPRISE ZONE
APN 13059K01830000
UPID US34-0340338

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

315 Stephen Boone Ct Louisville, KY 40214-2760
Louisville metro Census 9103 LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2020
4 recorded transactions
2020
Price N/A
2020
$80,000
2013
Price N/A
2012
$196,000

Zoning & alternative use

EZ1-ENTERPRISE ZONE · 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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