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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3795 Lexington Rd Louisville, KY 40207-3023

    • Auto shops
    • 2,849 SF
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    Sep 18, 2023
    $2,000,000
    Value Estimations
    $1,805,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0193600
    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

    • Auto shops

    Property Details for 3795 Lexington Rd

    Year built
    1938
    Lot size
    0.31 lot acres
    Property size
    2,849 SF
    Zone code
    C2-COMMERCIAL
    Property type
    Auto shops
    APN
    14073L00340000
    APU
    14073L00340000

    Description

    This exceptional 2,849-square-foot retail space presents a unique short-term lease opportunity in the vibrant St. Matthews neighborhood of Louisville, Kentucky. Located at 3795 Lexington Road, this single-tenant property boasts a highly visible position near the intersection of Lexington Road and Shelbyville Road, ensuring excellent exposure to a large volume of daily traffic. Previously used as an automotive repair shop, the interior has been completely cleared, offering a blank canvas for a diverse range of commercial ventures. The property's flexible layout and ample parking make it ideal for a variety of uses, including but not limited to temporary retail operations such as holiday pop-up shops or a temporary fuel station. The building is classified as a free-standing, mixed-use structure within Jefferson County, Kentucky, and its zip code is 40207. This short-term lease provides an unparalleled chance to establish a presence in a thriving commercial area with minimal long-term commitment. The property's convenient location and adaptable space make it an attractive option for businesses seeking a strategic foothold in a high-traffic area of Louisville. Interested parties are encouraged to inquire for further details and to explore the possibilities this versatile property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,660,000
      ML approach
      $1,550,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.6582
    Latitude
    38.2529
    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
    $14,553
    $593,270
    $491,170
    $1,084,440
    -
    $593,270
    $491,170
    $1,084,440

    Comparable in this City

    • Value Estimation
      $1,095,000
      5,623 SF

      4124 Shelbyville Rd

      AUTO REPAIR, GARAGE • 5,623 SF
      4124 Shelbyville Rd, Saint Matthews, KY 40207-3234
      View Details
    • Value Estimation
      $1,195,000
      23,808 SF

      4520 Shelbyville Rd

      AUTO REPAIR, GARAGE • 23,808 SF
      4520 Shelbyville Rd, Saint Matthews, KY 40207-3324
      View Details
    • Value Estimation by Request
      4,170 SF

      3949 Shelbyville Rd

      AUTO REPAIR, GARAGE • 4,170 SF
      3949 Shelbyville Rd, Saint Matthews, KY 40207-3120
      View Details
    • Value Estimation by Request
      5,440 SF

      206 Clover Ln

      AUTO REPAIR, GARAGE • 5,440 SF
      206 Clover Ln, Saint Matthews, KY 40207-2707
      View Details
    • Value Estimation
      $6,280,000
      13,031 SF

      4311 Shelbyville Rd

      AUTO REPAIR, GARAGE • 13,031 SF
      4311 Shelbyville Rd, Saint Matthews, KY 40207-3319
      View Details
    • Value Estimation
      $1,420,000
      20,282 SF

      4126 Shelbyville Rd

      AUTO REPAIR, GARAGE • 20,282 SF
      4126 Shelbyville Rd, Saint Matthews, KY 40207-3234
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,579 SF

      3922 Shelbyville Rd

      Restaurants • 6,579 SF
      3922 Shelbyville Rd, Louisville, KY 40207
      View Details
    • $85,500
      0.62 Acres

      Land in Prime Louisville Location

      0.62-acre lot for a unique house in Louisville, KY.
      River Bluff Rd, Louisville, KY 40207
      View Details
    • New
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      0.58 Acres

      Residential Land in Poplar Hill

      Homesite in an intimate community with access to local amenities.
      4500 Poplar Manor Rd, Louisville, KY 40207
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    • New
      $365,000
      0.42 Acres

      Residential Land in Poplar Hill

      Homesite in an intimate community with custom-built homes.
      2303 Clovelly Spring Ct, Louisville, KY 40207
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    • $209,999
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      Remodeled Condo with Free Power

      Completely remodeled condo in St. Matthews with charging countertops.
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    • $1,950,000

      Land For Sale Louisville

      Land available for sale in Louisville, Kentucky.
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    Similar Nearby for Lease

    • $34 SF/Yr
      3,300 SF

      Retail Space in Richlawn Center

      3,300-SF retail space with high visibility and parking.
      4133-4139 Shelbyville Rd, Louisville, KY 40207
      View Details
    • Contact for pricing
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      Class A Office, Retail & Restaurant Space
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      Retail Space in McMahan Plaza

      Retail space available in established Louisville shopping center.
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    • Contact for pricing
      1,737 SF

      St. Matthews Retail Space Available

      Retail space in Springs Shopping Center on Breckenridge Lane.
      970-974 Breckenridge Ln, Saint Matthews, KY 40207
      View Details
    • $10 SF/Yr
      16,174 SF

      Commercial Land For Rent

      Commercial land for rent at Breckenridge Lane intersection.
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      View Details
    • $24 SF/Yr
      1,802 SF

      Saint Matthews Medical Office Space

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      View Details
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    3795 Lexington Rd
    Louisville, KY 40207-3023
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    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
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