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Property profile & analytics
OFF-MARKET Estimated value $3,855,000
Schools

4627 Dixie Hwy Shively, KY 40216-2605

29,531 SF 7.01 ac lot Built 2003
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US34-0243600
Property summary
AI-generated overview

This exceptional 1.7-acre commercial land parcel presents a prime investment opportunity on Dixie Highway in Louisville, Kentucky. Boasting approximately 184 feet of frontage along Dixie Highway, this strategically located property benefits from a high average daily traffic count of approximately 58,000 vehicles. Its proximity to the I-264 interchange (less than half a mile away) ensures excellent accessibility and visibility for any commercial development. The property is zoned C-2, allowing for a variety of commercial uses. The asking price is $1,700,000, translating to a land value of $666,667 per acre. While a minor plat will be required, this site offers significant potential for retail development, ground lease opportunities, or build-to-suit projects. The address is 4627 Dixie Hwy, Louisville, KY 40216, situated within Jefferson County. This is a rare chance to acquire a highly visible and accessible commercial lot in a thriving Louisville location. The property's location and high traffic count make it an ideal site for businesses seeking strong visibility and convenient access for customers. Don't miss this opportunity to secure a valuable piece of commercial real estate in a prime location.

Property profile
Verified
Property type Schools
Use group COLLEGE, UNIVERSITY, VOC SCHOOL
Year built 2003
Total area 29,531 SF
Lot 7.01 ac (305,356 SF)
Zoning code C2-COMMERCIAL
APN 24102101650000
UPID US34-0243600
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.35M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.61M
Blend (final) Blend
$3.86M
Owner & transaction history
Btr28 LLC · 3 yrs held
Btr28 LLC
since 2023
Last sale
$4.0M
3 recorded transactions
2023
$4.0M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C2-COMMERCIAL · Shively, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $5.7M +144.9%
Office building $3.4M +49.0%
Retail stores $2.5M +8.7%
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