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    4606 Manslick Rd Louisville, KY 40229
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    Property profile & analytics

    4606 Manslick Rd, Louisville, KY 40229

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    • Commercial real estate
    • 5.10 lot acres
    Off-Market
    Property ID
    US34-2303700
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Church of Hell / Church
    • Pat's Play School / High School

    Property Details for 4606 Manslick Rd

    Lot size
    5.10 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional 5.1-acre commercial land parcel ideally situated at 4606 & 4610 E. Manslick Rd., Louisville, KY, 40229. This property offers significant potential for development, boasting excellent visibility from Preston Highway and convenient access via two points from Manslick Road and Preston Highway. Zoned R-4, the land presents a compelling opportunity for various commercial ventures. The expansive lot size provides ample space for substantial projects. The location benefits from a large trade area densely populated with both single-family and multifamily residential units, ensuring a strong customer base. Furthermore, its proximity to Interstates 65 and 265 provides easy access to major transportation arteries, enhancing its logistical appeal. Priced at $1,009,800 ($198,000/acre), this property represents a strong investment opportunity. Note that the sale encompasses the entire parcel

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.675203
    Latitude
    38.1177909

    Comparable in this City

    • Contact for pricing
      Pending

      Jefferson County Land For Sale

      Over 23 acres of R4 zoned land.
      4613 Mud Ln, Louisville, KY 40229
      View Details
    • $245,000
      2.96 Acres

      Residential Land in Louisville, KY

      2.96 acre lot ready for your dream home.
      3407 Ripple Creek Dr, Louisville, KY 40229
      View Details
    • Contact for pricing

      Penn Run Golf Course Land

      Development opportunity: Penn Run Golf Course in Jefferson County.
      12900 Christman Dr, Louisville, KY 40229
      View Details
    • $329,900
      2.15 Acres

      Versatile Land Parcel in Louisville

      2.15-acre parcel with potential in a strategic growth corridor.
      5312 Mount Washington Rd, Louisville, KY 40229
      View Details
    • Contact for pricing

      Preston Highway Land for Sale

      Commercial land available on Preston Highway, Louisville.
      9221 Preston Hwy, Louisville, KY 40229
      View Details
    • Contact for pricing

      Modern Multifamily Community in Louisville

      96-unit apartment community with modern amenities in a growing area.
      11011 Preston Gardens Ct, Louisville, KY 40229
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Jefferson County Land For Sale

      Over 23 acres of R4 zoned land.
      4613 Mud Ln, Louisville, KY 40229
      View Details
    • $245,000
      2.96 Acres

      Residential Land in Louisville, KY

      2.96 acre lot ready for your dream home.
      3407 Ripple Creek Dr, Louisville, KY 40229
      View Details
    • Contact for pricing

      Penn Run Golf Course Land

      Development opportunity: Penn Run Golf Course in Jefferson County.
      12900 Christman Dr, Louisville, KY 40229
      View Details
    • $329,900
      2.15 Acres

      Versatile Land Parcel in Louisville

      2.15-acre parcel with potential in a strategic growth corridor.
      5312 Mount Washington Rd, Louisville, KY 40229
      View Details
    • Contact for pricing

      Preston Highway Land for Sale

      Commercial land available on Preston Highway, Louisville.
      9221 Preston Hwy, Louisville, KY 40229
      View Details
    • Contact for pricing

      Modern Multifamily Community in Louisville

      96-unit apartment community with modern amenities in a growing area.
      11011 Preston Gardens Ct, Louisville, KY 40229
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Kohl's Outparcel Land Available

      Approximately 0.65 acres of commercial land for lease.
      11811 Standiford Plaza Dr, Louisville, KY 40229
      View Details
    • Contact for pricing

      Retail Space Near Walmart

      Shell space available, landlord will deliver in vanilla boxed condition.
      5406 Antle Dr, Louisville, KY 40229
      View Details
    • $18 SF/Yr
      100,000 SF

      Office Space Available For Lease

      100000 sqft office space for lease in Louisville, KY.
      5200 Commerce Crossings Dr, Louisville, KY 40229
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Louisville, Kentucky.
      135 Market Place Dr, Louisville, KY 40229
      View Details
    • Contact for pricing

      Interchange Drive Commercial Property

      Commercial property available for rent on Interchange Drive.
      11400 Interchange Dr, Louisville, KY 40229
      View Details
    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      9500 Preston Hwy, Louisville, KY 40229
      View Details

    Property Visit Statistics

    • Visits by month
      34.8k
    • Visitors by month
      18.4k
    • Avg Time on site
      6 min
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    4606 Manslick Rd
    Louisville, KY 40229
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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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