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    4734 Us Highway 60 Louisville, KY 40216
    Property profile & analytics

    4734 Us Highway 60 Louisville, KY 40216

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    • Office Units
    For Lease
    $12 SF/Yr
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    Dixie Highway Commercial Space Available For Lease
    $12 SF/Yr

    Dixie Highway Commercial Space Available

    Commercial space with dedicated parking and high traffic volume.

    4734 Dixie Hwy, Louisville, KY 40216
    View Listing
    Property ID
    US34-0311952
    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

    • Office Units

    Property Details for 4734 Us Highway 60

    Property type
    Office Units
    Property subtype
    Retail space

    Description

    Former insurance office for over 25 years. New laminate floors and new paint. Property zoned C-1. Space offers large reception area, 3 offices, restroom and kitchen on first floor. Second floor offers open, clear additional office space. Lots of windows throughout. Large front porch. There is an unfinished lower level for storage. Double sided and double cabinet signage on Dixie Highway. 11 car dedicated parking. Over 50,000 cars per day.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.8362
    Latitude
    38.1891

    Comparable in this City

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      Versatile Commercial Space Available

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      4,500 SF

      Retail Space Available For Rent

      Retail space available for rent, approximately 4,500 square feet.
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    • $12,720,000
      48,850 SF

      Modern Louisville Office Building

      Pristine 40,850 SF office building in Louisville, Kentucky.
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      5,225 SF

      Louisville Retail Building - Gagel Ave

      5,225 SF Freestanding Retail Space in Louisville, KY
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      51,460 SF

      Retail Property Available For Lease

      Retail property with 51,460 square feet available for lease.
      3923 S 7Th Street Rd, Louisville, KY 40216
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      342,720 SF

      Industrial Property for Lease

      Industrial property available for lease in Louisville, Kentucky.
      3615 Kramers Ln, Louisville, KY 40216
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      High-Traffic Commercial Property in Louisville

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      43,560 SF

      Prime Corner Lot on Dixie

      C2 Zoned 1+/- Acre Lot with High Traffic.
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    • $1,295,000
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      Prime Corner Lot with C2 Zoning

      One-acre corner lot with C2 zoning, high traffic, development potential.
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      1,353 SF

      Retail Space For Sale

      Retail space available, totaling 1,353 square feet.
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      44,800 SF

      Greenbelt Marketplace Retail Opportunity

      44,800 SF retail space off Greenbelt Highway.
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      Shively Commercial Building Investment Opportunity

      Commercial building in Shively with additional storage structures.
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    Similar Nearby for Lease

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      Versatile Commercial Space Available

      Office, retail, or restaurant spaces available for lease.
      4420 Dixie Hwy, Louisville, KY 40216
      View Details
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      4,500 SF

      Retail Space Available For Rent

      Retail space available for rent, approximately 4,500 square feet.
      3220 Crums Ln, Louisville, KY 40216
      View Details
    • $12,720,000
      48,850 SF

      Modern Louisville Office Building

      Pristine 40,850 SF office building in Louisville, Kentucky.
      5012 Camp Ground Rd, Louisville, KY 40216
      View Details
    • Contact for pricing
      51,460 SF

      Retail Property Available For Lease

      Retail property with 51,460 square feet available for lease.
      3923 S 7Th Street Rd, Louisville, KY 40216
      View Details
    • Contact for pricing
      5,225 SF

      Louisville Retail Building - Gagel Ave

      5,225 SF Freestanding Retail Space in Louisville, KY
      1715 Gagel Ave, Louisville, KY 40216
      View Details
    • Contact for pricing

      Functional Industrial Space For Lease

      30,210 SF industrial space available for lease.
      1508 Crums Ln, Louisville, KY 40216
      View Details
    View Listing
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    4734 Us Highway 60
    Louisville, KY 40216
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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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