Property profile

4921 Outer Loop Louisville, KY 40219

FOR SALE
Turn key restaurants
Property ID
US34-0722281
0.63 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a freestanding Qdoba restaurant outparcel on Outer Loop in Louisville, Kentucky, located within about 17 miles of downtown and adjacent to Jefferson Mall. The site is positioned near major regional retail anchors including Academy Sports, ALDI, Michaels, and Five Below, and is surrounded by large-format retailers such as Home Depot, Hobby Lobby, Sam’s Club, Ashley Furniture, and Walmart Supercenter, with additional nearby shopping centers including Jefferson Court. Interstate 65 is located less than 2 miles away. The restaurant building was constructed in 2015 and includes an outdoor patio area. The property is set up as a leased restaurant space (tenant was North Fork Fresh Mex, LLC) and is covered by a long-term lease structure that included scheduled rental increases tied to periodic points during the lease term and its option periods.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 0.63 ac (27,573 SF)
APN 23064301960000
UPID US34-0722281

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

4921 Outer Loop Louisville, KY 40219
Louisville metro Census 11906 LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.65M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.51M

Owner & transaction history

since 2021
Last sale
$2.5M
2 recorded transactions
2021
$2.5M
2016
$2.3M

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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